Mary Grace Graniero

Holiday gifts wrapped in brown paper under Christmas tree

Three Financial Tips for Holiday Gifting

With the holiday season quickly approaching, it is the perfect time to start planning your family gatherings, shopping list, and most importantly your budget. Having a plan and sticking to a budget can help you to avoid buyers remorse as you enter the new year and look back at how quickly your holiday expenses have added up.

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AGI vs. Taxable Income vs. MAGI —Why it Matters

When determining your eligibility for a variety of deductions, credits, and retirement plans, you will often come across terms such as AGI, taxable income, and MAGI. Let’s explore what each of these terms mean, how to compute them, and why they matter.

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A Guide to the 72(q)/72(t) Distribution Method

When planning for retirement, tax-advantaged accounts are some of the most common tools that individuals utilize as a vehicle for achieving their long-term goals. This includes IRAs, 401(k)s, 403(b)s, and non-qualified annuities. Each of these accounts have their own unique benefits and limitations, but one thing they all have in common is that they require you to reach age 59 ½ before being able to take penalty-free distributions. However, Section 72(q)/72(t) of the tax code provides a distribution method that will allow you the flexibility to draw on those funds, penalty-free, before the age of 59 ½.

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3 Financial Tips for the Holidays

When searching for gifts, decorations, and other festive items, keep these helpful tips in mind to ensure that your spending doesn’t become more than you can handle.

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