Estate planning is the greatest gift you can bequeath to your loved ones, to reduce their painful stress load during an already stressful time. If you’ve been putting off your estate planning, taking the initial steps can be daunting—but liberating. So, let’s get started today, one hurdle at a time. Hurdle #1: Deciding Who Gets […]
On March 28, 2019, Governor Murphy signed legislation passing the New Jersey Small Business Retirement Marketplace Act. This Act requires employers that do not offer employees a 401(k) or other qualified retirement plan option to automatically enroll their employees in the New Jersey Secure Choice Savings Program (“Secure Choice Savings Program” or “the Program”). The […]
If you are eligible to participate in a 401(k) plan, in addition to the ability to contribute Pre-tax, the plan may also offer Roth (after-tax) contributions. Traditionally, contributions are made on a pre-tax basis, essentially reducing your taxable income for the year. When you elect the Roth option, the funds withheld from your pay are […]
Getting focused on your financial well-being is like starting a diet, it always begins next Monday. Addressing debt, budgets and the best way forward for your unique financial situation may seem daunting, but getting your finances organized doesn’t have to be as hard as cutting carbs. Below are a few tips and tricks to keep […]
It’s hard to scan the financial headlines these days and not spot at least one call to action related to Bitcoin’s latest moves. Has all the attention given you cryptocurrency fever, or are you at least wondering what it’s all about? Before you start loading up on bitcoin or any other form of cryptocurrency, let’s […]
“The American marketplace is an economic jungle. As in all jungles, you easily can be destroyed if you don’t know the rules of survival. … But you also can come through in fine shape and you can even flourish in the jungle—if you learn the rules, adapt them for your own use, and heed them.” […]
You have spent your whole career working in and on your business. You have seen it grow from just a seed to now, a full-grown tree. But some part of you knows you can’t work forever and you have this niggling feeling in the back of your mind that you need to start thinking about […]
The American Rescue Plan Act of 2021 is now a done deal. Among the items of greatest interest to most Americans is a third round of stimulus checks—or IRS “recovery rebates”—of up to $1,400 for every “eligible individual.” That’s the quick take. But what’s the fine print? How Much Will You Receive? Each eligible […]
In case you missed it, we invite you to watch a webinar presentation hosted by Sax Wealth Advisors geared towards providing young professionals with information that can help get their financial life on track and ensure their future success. We address the investment basics, savings strategies to help maximize investment efforts, an effective personal financial […]
