The Importance of Dividends and Owning Dividend-Paying Companies

In an era where technology companies dominate headlines, the allure of the new economy—driven by data, internet, and the cloud—can often overshadow what’s been the backbone of growth and stability for decades: dividends. But why should modern investors consider something as seemingly old-fashioned as dividends? Continue reading “The Importance of Dividends and Owning Dividend-Paying Companies”

Budgeting for Success & Retirement

Did you know that one in five people spend more time planning vacations than their own retirement? Retirement planning is not something you can afford to “set and forget.” So, when was the last time you reviewed your retirement plan? Was your approach limited to adjusting your monthly contributions and hoping for the best? Spoiler alert: That won’t cut it. Continue reading “Budgeting for Success & Retirement”

The Recent Debt Ceiling Deal

Understanding the Debt Ceiling

The recent debt ceiling deal out of Washington has caused a considerable stir, yet its significance seems a bit blown out of proportion. While it received tons of media attention, the debt ceiling deal ended up as what we call “much ado about nothing.” Despite fears of potential economic destabilization, the result has been nothing more than a political compromise between Republicans and Democrats in the House and Senate. Continue reading “The Recent Debt Ceiling Deal”

Does Digital Currency Spell the End of the US Dollar?

If you pay attention to the news, you may have picked up on the growing narrative that digital currency could spell the end of the US dollar and fundamentally disrupt the global financial landscape. Continue reading “Does Digital Currency Spell the End of the US Dollar?”

What You Need to Know About Your Cash at the Bank & Why You Should Roll Your 401k to an IRA

Navigating the finance world can be a challenge. Do you know how safe your cash is at the bank? Are you familiar with the benefits of rolling your 401k to an IRA? The Certified Financial Planners at Nelson Financial Planning are here to provide valuable insights on these topics. Continue reading “What You Need to Know About Your Cash at the Bank & Why You Should Roll Your 401k to an IRA”

Trends to Watch in the Current Tax Season

Tax season is upon us, and as the team at Nelson Financial Planning begins to examine tax returns, we’re noticing a few trends, including lighter amounts owed, lower refunds for families, and the proliferation of tax forms.

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Tax Season is Underway

Here are some interesting tidbits and advice you should know as we commence the 2022 tax return season:

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2023 Tax Changes

If you completely trust online retirement calculators, think again. Many of the assumptions these calculators make when projecting your retirement income apply to only a handful of retirees. Continue reading “2023 Tax Changes”

Will You Lose Some of Your Social Security Due to Medicare Premiums?

Did you get your letter from the Social Security Administration (SSA) outlining your benefits for the next year? You may have been disappointed to learn that an adjustment based on your prior income will affect what you pay for Medicare premiums. Here’s a closer look at why this is and how you may be able to dispute it. We’ll also address some tax changes affecting people who sell goods online and exchange money through cash apps.

Continue reading “Will You Lose Some of Your Social Security Due to Medicare Premiums?”

Largest Social Security Increase in Over 40 Years!

Social Security is about to have its largest increase in 40 years. Since most older adults in the US rely on Social Security for over half their income, this adjustment will have a big impact on many Americans.

Continue reading “Largest Social Security Increase in Over 40 Years!”