Discover how 529 plans can now cover a wide range of K–12 education expenses, from tuition and books to tutoring and educational therapies. Families can use these tax-advantaged accounts to pay for public, private, or religious school costs while potentially earning state tax benefits. Starting in 2026, the annual limit for K–12 withdrawals doubles to $20,000 per student, making it easier than ever to plan and save for your child’s education.

Owning a home is one of life’s biggest financial commitments, making homeowners insurance essential to protect your investment and long-term wealth. A comprehensive policy covers your home, belongings, and liability, helping you recover from unexpected events without financial strain. From dwelling and personal property coverage to liability and additional living expenses, the right insurance safeguards your home and preserves your financial freedom.

Beginning in 2025, the state and local tax (SALT) deduction cap will temporarily rise from $10,000 to $40,000, offering short-term relief for many taxpayers in high-tax states. The higher limit will gradually adjust through 2029 before returning to $10,000 in 2030. However, the benefit phases out for individuals with modified adjusted gross income above $500,000, making income planning essential during this temporary expansion period.

Auto insurance coverage is essential for protecting your vehicle, finances, and peace of mind. From liability and collision to comprehensive and optional protections like GAP, rental car reimbursement, and roadside assistance, the right policy shields you from unexpected costs. High-net-worth individuals should consider umbrella coverage to extend liability limits, ensuring accidents don’t derail long-term financial goals.

ChatGPT said: A Roth IRA conversion ladder is a powerful strategy for early retirees to access retirement funds before age 59½ without penalties. By converting portions of a traditional IRA into a Roth IRA each year and waiting five years before withdrawing, you can create a steady stream of tax-free, penalty-free income. This method requires careful planning around taxes and timing but offers flexibility and control over your early retirement income strategy.

The debt avalanche method is a smart, cost-effective strategy for paying off debt. By focusing on high-interest balances first, this approach minimizes the total interest paid and helps you become debt-free faster. While it requires discipline and patience, the long-term savings can be significant. If you're motivated by efficiency and want to make your money work harder, the debt avalanche offers a clear, strategic path to financial freedom.

ChatGPT said: Partners in a partnership often incur business expenses personally, such as travel, mileage, or office costs. When not reimbursed by the partnership, these out-of-pocket costs may qualify as unreimbursed partnership expenses (UPEs), offering potential tax deductions. However, claiming UPEs requires meeting specific IRS conditions and maintaining detailed documentation. Learn how partners can navigate these rules and decide whether reimbursement or deduction is

The debt snowball method is a simple yet powerful way to pay off debt by focusing on small wins. Start by listing your debts from smallest to largest, regardless of interest rates. Pay minimums on all but the smallest, and put every extra dollar toward eliminating that first balance. As each debt is paid off, roll the payment into the next, building momentum. Eventually, apply the snowball to your mortgage to pay off your home early and become completely debt-free.

A cost segregation study is a powerful tax strategy for real estate owners, allowing them to accelerate depreciation on their properties. By reclassifying specific building components into shorter-lived asset categories, investors can boost early-year deductions, reduce taxable income, and improve cash flow. Ideal for newly acquired, constructed, or renovated properties, this method offers significant savings when properly executed with professional guidance.