Volunteering with the FPA of Minnesota: Financial Planning Days
This past week was the annual pro bono event hosted by the Financial Planning Association’s Minnesota chapter: Financial Planning Days. Financial Planning Days is an opportunity for people without a financial planner to connect for free with a CFP who will provide 25 minutes of 1:1 assistance on questions (typically…
Published in the Journal Of Financial Planning – Insights from the Tax Trenches
I wrote an article that was published in the October 2022 issue of the Journal of Financial Planning, financial planners can access it through the Financial Planning Association. My article, “Insights from the Tax Trenches for NexGen Financial Planners”, is on pages 24-28. In it I outline what is the…
In the Journal of Financial Planning – On continuing education
In any profession for the curious mind, there is a need for continuing education. Whether you need to meet formal CE requirements or it’s a daily necessity of the job, if you need to learn, then you need to have quality places and people to learn from. That’s why in…
In the Journal of Financial Planning – On my super coworker
None of us are perfect. But wouldn’t it be great if we could have a super coworker to help get it all done? In the July 2022 issue of the Journal of Financial Planning, I was quoted for one of their more irreverent topics – which superhero would you want…
What’s coming to the 2022 1040?
The 2022 tax forms are not yet finalized, but the latest draft version was released on September 2, 2022. And it’s interesting (for us tax nerds) to see what the current progression is. Do you remember back in 2017 and before, when there was the 1040-EZ, the 1040-A, and the…
Book recommendations in memory of Barbara Ehrenreich
Author Barbara Ehrenreich died yesterday, Thursday September 1st, 2022. She worked minimum wage jobs in order to write her book “Nickel and Dimed : on (not) getting by in America“, about what it was like to work minimum wage jobs in ~2000. Author Emily Guendelsberger wrote what was effectively the…
What You Need to Know About the New Biden Student Debt Relief Plan
What We Know Today President Biden released the details [1, 2] of his new student debt relief plan. As had been rumored or in discussion for years, there will be up to $10k of student loan forgiveness available to many borrowers. Or up to $20k per borrower if you received…
Book Review – Scarcity: Why having too little means so much
We all have “too little”. Too little time, too little energy, too little money, or too little calories. But do you understand how these are all related, and how having too little of any one of these can negatively impact the rest of your life? Introduction Written by a behavioral…
How The Inflation Reduction Act Benefits You
Today, August 16, 2022, President Biden signed into law the Inflation Reduction Act . While it is confusingly abbreviated IRA, it has no impact on your tax advantaged savings vehicle with the same acronym. So what does the Inflation Reduction Act mean for you? Only a couple of factors will…
Your enrollment window is closing on your 457b
If you are a highly compensated employee in a non-governmental non-profit, and you have access to a 457b, it’s likely that your enrollment window for your 457b is rapidly closing – June 15, 2022. If your 457b is on the half-year schedule, and you miss this May 1st through June…