If you are over 50 and regularly contribute to a retirement plan, you may already be aware that your contribution limit is higher than those under 50 thanks to a provision for “catch-up” contributions. This enables those in their highest-earning… Read More
If you are taking Required Minimum Distributions (RMDs) and donate money to charity, there is a simple strategy you can employ to save on taxes and other costs. By making Qualified Charitable Distributions (QCDs) from a qualifying IRA, you may… Read More
Read our Estate Planning Overview here if you are just getting started: https://www.amminvest.com/estate-planning-overview/You’ve visited an attorney, got all of your documents drawn up, you have your big binder filled with everything important, now what?Creating an estate plan summary – a… Read More
You may have heard the term CFP® or CERTIFIED FINANCIAL PLANNER™ used in advertisements or by financial advisers, including us here at American Money Management. If you do not know what these terms mean, or would like to deepen your… Read More
As the year winds down, it’s a great time to review your tax, retirement, and legacy planning strategies. A few rule changes are in effect for 2025, and because timing matters, now is the moment to take a closer look…. Read More
Starting an investment account for your minor child or grandchild can be a great way to jump-start their financial life. An investment account can help fund college costs, support a first car or home purchase, and even jump-start retirement savings…. Read More
Employee stock plans can be a significant benefit to your net worth but you must know how best to use them for your situation. There are a variety of employee stock plans and each has their own benefits and considerations.The… Read More
Many people do not have to worry about heirs paying taxes on their estate. This is because the federal exemption amount is currently $13.61 million, meaning that your estate must be valued above that for any estate taxes to apply…. Read More
For small business owners and solo entrepreneurs, planning for retirement can often take a backseat to day-to-day operations. However, establishing a solid retirement plan is essential for both your future and that of your employees. With various options available, finding… Read More
It’s safe to say that our clients believe that attaining financial security is a strong value. According to a 2023 Princeton study by Nobel Prize-winning economist Daniel Kahneman, 67% of respondents said being able to pay their bills on time… Read More
If you are over 50 and regularly contribute to a retirement plan, you may already be aware that your contribution limit is higher than