Retirement Contribution Limits For 2022!

Why the Government is Like a Spouse with a Massive Spending Problem

In October 2021, the federal government extended the debt ceiling by $480 billion, effectively raising its spending limit to $28.9 trillion. Continue reading “Retirement Contribution Limits For 2022!”

Two Tools You Need To Use To Improve Your Net Worth!

The biggest financial issues most people have these days are debt and overspending. Owing money on high-interest loans or spending more than you can afford really drags down your net worth. Continue reading “Two Tools You Need To Use To Improve Your Net Worth!”

You Just Took A 5% Decrease In Pay!

Each month, we check the latest CPI numbers to see how things are looking. In July, we made a video about the numbers for June—and they were pretty interesting. Continue reading “You Just Took A 5% Decrease In Pay!”

How To Become More Valuable!

Everyone knows that assets minus liabilities equal your net worth. But have you thought about the control you have over this equation? Continue reading “How To Become More Valuable!”

The Retirement “Secure” Act 2.0!

If you’re familiar with the original Setting Every Community Up for Retirement Enhancement (SECURE) Act, you know that this legislation was passed in late December 2019. Continue reading “The Retirement “Secure” Act 2.0!”

How To Become A Millionaire!

So you want to be a millionaire. What does it take? Do you have to inherit a massive amount of wealth? Graduate from an Ivy League school? Earn a high salary? Continue reading “How To Become A Millionaire!”

Robinhood!

At the end of July, the media’s favorite brokerage IPO’d. Which brokerage is that, you might ask? Why, Robinhood, Continue reading “Robinhood!”

Your Debt is About to Cost You More Money!

The Fed’s Interest Rate Announcement & the Market’s Response

Here at Nelson Financial Planning, we’ve been saying for months that the data makes it hard to justify keeping interest rates where they are. Just consider the current inflation rate. The Consumer Price Index (CPI) was at 5% for the 12-month period ending May 31, 2021, the highest rate since 2008. In fact, the CPI has only been above 5% for a rolling 12-month period three other times in the past 30 years. Continue reading “Your Debt is About to Cost You More Money!”

How Much Can 1% Affect My Returns?

Here at Nelson Financial Planning, we know our clients work hard at their jobs. Most also have a 401 (k), to which they contribute a portion of their paycheck every month. If you haven’t opened a retirement account yet, you should do so today, especially if your employer matches at least a portion of your contributions. Continue reading “How Much Can 1% Affect My Returns?”

Is Your Home a Massive Tax Liability?

Are you thinking about selling your home this year? Will you owe taxes on the sale if you do? A lot of homeowners ask this question. Rest assured that if you meet specific requirements, you could benefit from one of the biggest tax breaks out there when you sell your house. But if you don’t qualify for the exclusion, your home could become a massive tax liability. Continue reading “Is Your Home a Massive Tax Liability?”