Americans Have Bet More Than $220 Million on the Midterms. Are Those Winnings Taxable?

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Americans aren't just watching the 2026 midterm elections. Increasingly, they're putting money on the results. More than $220 million has already been traded on congressional election outcomes through prediction markets such as Kalshi and…

When You Become the Family CFO

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There comes a point when personal finance stops being just personal. You are still balancing your own mortgage, retirement savings, taxes, insurance, and everyday expenses. But suddenly, your children may need help with college, rent, or a…

Financial Flexing: When Looking Rich Keeps You From Getting Rich

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Social media has changed the way people think about money. A luxury vacation, a new car, an expensive dinner, designer clothes, or the latest technology can show up in your feed dozens of times before lunch. When enough people appear to be…

The 10-Year Retirement Countdown: What to Do Differently at 50, 55, and 60

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Retirement doesn't happen all at once. For most people, it's the result of hundreds of financial decisions made over the decade leading up to the day they stop working. That's why your 50s are often the most important years in your financial…

Unlocking the HSA: A Rare Triple Tax Break for Medical and Retirement Planning

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Article Highlights: What is the Purpose of an HSA? Who Qualifies to Contribute? The Tax Benefits of an HSA Maximum Contributions Distribution Issues and Taxation Why an HSA Can also Function as a Retirement Account What…

Pay Off Debt or Invest? How Higher Interest Rates Change the Math

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For years, the answer seemed straightforward. Interest rates were historically low, stock markets generally rewarded long-term investors, and many financial experts encouraged people to invest extra money rather than aggressively paying down…

The Holiday Rush Starts Now: 7 Financial Moves Businesses Should Make Before Q4

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Retailers are placing inventory orders. Restaurants are planning for seasonal demand. Contractors are scheduling projects before winter. Professional service firms are setting revenue goals they hope to achieve before year-end. Whether your…

Just Starting a New Business? Don’t Overlook Start-Up and Organizational Costs Deductions

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Article Highlights: Deductible Expenses: o   Start-Up Expenses o   Organizational Expenses How Much Can Be Deducted Now vs. Over Time Special Purchase Rule How to Claim Recordkeeping — What to Keep Examples Practical…

Trump Accounts Go Live July 4. What to Do Now to Avoid Losing Out

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Article Highlights: Trump Accounts Scheduled to Launch July 4 What to Expect from the Treasury and Activation Emails If You Haven’t Signed Up Yet, Simple First Steps Why Form 4547 Filed with Your 2025 Tax Return Simplifies Activation …

The 3 Numbers Every Business Owner Should Check Monthly (But Usually Don’t)

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Most business owners know their revenue. Ask what they did last month? They’ll answer instantly. But ask them this: How long could your business survive without new revenue? What’s your actual margin after delivering your work? …