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The start of a new year is a good time to recap the previous year and plan for the current and future years. My wife and I just did the annual financial review for our household. I’m sharing the template we use and where we get the data.
Net WorthThe total net worth represents all financial resources available at a point in time. We break it down into two ca...
The rules for residential real estate agent commissions changed in 2024 after the National Association of Realtors (NAR) settled a class action lawsuit.
Table of ContentsBefore the ...Back in 2020, I bought a 5-year deferred fixed annuity, also known as a Multi-Year Guaranteed Annuity (MYGA). A MYGA, in essence, is like a CD issued by an insurance company. The insurance company guarantees a fixed rate for a fixed period. I spoke about MYGAs in my April 2021 presentation,
A small business doesn’t need to file a separate tax return if it’s set up as a sole proprietorship or an LLC taxed as a sole proprietorship. Income from the business is included on a Schedule C in the owner’s personal tax return. A revocable living trust is a “disregarded entity” under federal tax law. Income in a revocable living trust is treated as earned by the grantor.
Bond funds had their worst calendar-year return in several decades in 2022. The broad market index was down 13% that year, while the S&P 500 was down 18%. People were disappointed that bonds didn’t hold up when stocks were down. They’re doubly disappointed that bonds still haven’t fully recovered from the losses in 2022 as of mid-November 2025, while stocks have not only ...