Avoid Becoming Financially Unsound
Poor Whiskey (my sweet 17-year-old paint) has been lame on and off for the last year. We went through various diagnostics and treatments to identify the origin of the lameness. Nothing found was remarkable. Isn’t that how it goes though? Going through the various sessions with my vet made me realize just how fragile their […]
Making Sense of Itemized Deductions in 2023
If you are a homeowner, you may be wondering if you can itemize your deductions to get a higher tax benefit. To itemize, you first have to be above the standard deduction. If you are, then it is likely that you or your tax preparer can itemize on your taxes. These deductions include, but are […]
Managing the Marathon: Winning Race Strategies
Strategically planning ahead goes a long way with running and finances. Time after time, Boston University’s David Hemery Indoor Invitational was always by far my favorite meet to go to in the long track season. With over 5,000 entries, the two day event is where many special BU magic moments happen for runners from all […]
Donuts and Medicare: The Coverage Gap Explained
Do you like donuts? If the answer is yes, or no for that matter, here is a donut you may not like- the Medicare Donut Hole. We all know Medicare is complex and confusing. When you start thinking about medications that can make it seem worse. Between the potential deductible, the copays and coinsurances, to […]
SECURE 2.0, What’s in it for You?
On December 29 2022, President Biden signed the Consolidated Appropriations Act 2023, funding Federal Government operations through September of 2023. Of the 4000 plus pages of the bill, 130 pages dealt with the SECURE 2.0 Act of 2022. SECURE 2.0 is an enhancement of the original SECURE Act of 2019 that dramatically changed retirement and […]
Paying Federal Income Taxes Online
Do you plan to owe Uncle Sam for the 2022 tax year? How do you plan on paying? By check? If so, you may want to reconsider your options for this year. Before COVID-19, it was very typical for taxpayers to have their Federal (and State) refunds direct deposited into their bank account and pay […]
Managing the Marathon: Goal Setting for the Finish Line
Goal setting is a vital component when it comes to running and finances. Defining what that goal entails gives us a starting line and the motivational drive to reach destinations big and small. I would always encourage my college teammates and the athletes I’ve coached to think long term. It’s not one week, not one […]
How to Demonstrate Your Love
I’m a sucker for musicals. In “Fiddler on the Roof” Tevye laments his three daughter’s choosing their own marriage partner verses a traditional marriage arranged by the parents. In discussing this new world with his wife, he asks Golde “Do you love me?” Her response is classic “DO I WHAT?” He asks again and she […]
How to Make your Tax Season Less Taxing
Tax Season is here. For many of us, this means gathering our assorted W2s, 1098s, 1099s, and K1s, filling out our Tax Organizers and sending the paperwork to our Tax Preparers. We hope for a refund or, at least, that we don’t owe any more money than we’ve paid through withholding and estimated tax payments. […]
Does Your Retirement Plan Optimize These New Social Security Updates?
As financial advisors here at JGUA, we pay close attention to new laws, regulations and government administration announcements as they may impact our client’s financial health. This includes the annual Social Security Administration update. This year there are three updates that effect those currently receiving benefits, or plan to collect benefits this year. COLA: The […]
