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If there must be a positive aspect to higher inflation, increased contribution limits and income thresholds for retirement account contributions are just that.
Some (not all) contributions to your 529 account need to be reported on your tax return, along with some (not all) distributions made from your 529. That's not confusing at all, right?
Every investment account falls into one of three buckets: tax now, tax later, and tax never. Tax diversification is an important piece to “afford” flexibility.
The allure of extra money from a “side hustle” can be tempting to many and even necessary for some. While this extra influx of money can certainly be a positive, it’s important to fully weigh the pros and cons of a side gig and understand what it really means for you financially. We’ve laid out the areas to consider being starting your own side hustle.