Monthly Child Tax Credit Payments: Understand The Options

In July, families eligible for the federal Child Tax Credit will begin receiving monthly payments instead of waiting to receive an annual credit when they file their 2021 tax returns. One parent of two small children thinks the change will make a significant...

Frugality Syndrome: Making The Shift From Saving To Spending

I have exhibited tendencies toward pyromania most of my life. As a Boy Scout, my favorite activity was starting and stoking a campfire. As an adult, my best birthday gift ever was a flame thrower designed by my son which made quick work of a pile of pinecones and...

How Much is “Rich?” Income Vs. Net Worth

How much money does it take to be wealthy? As I’ve pointed out in previous columns, this is basically an unanswerable question. It depends on too many variables, such as social norms, personal circumstances, accounting methods, lifestyle, and financial...

Eviction Moratorium Leaves Small Landlords Struggling

One of President Biden’s early executive orders extended the temporary national moratorium on evictions for nonpayment of rent that began on September 4, 2020. The moratorium is intended to help renters struggling to make rent payments because of the economic impact...

Financial Planning After Retirement

After you retire, do you still need financial planning? And can you afford it? The answer to the first question is clearly “yes.” The answer to the second is “It depends.” At times it’s true that a financial planner becomes unaffordable in...

Common Retirement Money Mistakes

One of my retired clients is fond of telling me, “Growing old is not for the faint of heart.” As we age, it becomes increasingly important for us to have a support system that will advocate for us, or “have our back.” Putting such a support...