by Enlighten 567 | Dec 4, 2023 | 401k, Finance, Financial Literacy, Retirement Planning
The Internal Revenue Service has elevated the thresholds for its seven tax brackets by 5.4% in 2024. This adjustment implies that a single person can now earn up to $609,350 before facing taxation at the highest rate of 37 percent. Understanding and leveraging these...
by Enlighten 567 | Nov 27, 2023 | Finance, Financial Literacy
The holiday season is once again upon us, bringing with it the joy of giving and the thrill of festive celebrations. However, as the tinsel adorns the streets and carols fill the air, so does the prospect of heightened spending. It’s no secret that holiday...
by Enlighten 567 | Nov 20, 2023 | Estate Planning, Financial Literacy, Retirement Planning
As families gather for the holiday season, it’s the perfect time to embrace an often-avoided topic: family finances and generational wealth. According to a survey conducted by Fifth Third Bank, nearly Two-thirds of Americans who have at least $3 million in investable...
by Enlighten 567 | Nov 13, 2023 | Estate Planning, Financial Literacy, Retirement Planning
Estate planning is a crucial aspect of financial preparation that often requires careful consideration, especially when inheriting a family home. In a Mansion Global article, titled “The New Math on Inheriting Your Parents’ House,” the intricacies of...
by Enlighten 567 | Oct 25, 2023 | Estate Planning, Financial Literacy, Retirement Planning, Social Security, Taxes in Retirement
As the leaves change color and the chill of autumn descends upon us, the season of Halloween is upon us. It’s the time for costumes, candy, and things that go bump in the night. But what if I told you that for some, the specter of retirement can be just as...
by Enlighten 567 | Oct 16, 2023 | 401k, Financial Literacy, Retirement Planning, Uncategorized
Empowering self-employed individuals for retirement success The Solo 401(k), also known as the Individual 401(k) or Self-Employed 401(k), is a retirement savings plan designed specifically for self-employed individuals, freelancers, and small business owners. This...
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