Tax News & Insights from Tax Centers of Georgia
One Habit That May Improve Your 401(k) Performance
Rebalancing is the act of periodically adjusting your 401(k) investments back to your intended asset allocation. While it does not guarantee higher returns, regular rebalancing may help manage risk, maintain diversification, and keep your retirement strategy aligned...
Fall Spending Is Coming: Keep Your Retirement Savings on Track
Fall spending often increases because back-to-school costs, seasonal expenses, holiday travel, and gift shopping happen within a few months of each other. Preparing for those expenses now may help you avoid unnecessary debt and help you keep contributing to your...
Can I Open a Roth IRA for My Child? What Parents Should Know
A custodial Roth IRA lets parents help a child with earned income start building long-term wealth. By starting early, children gain decades of potential tax-free growth while learning the value of saving and investing. Takeaways A custodial Roth IRA can help...
Americans Are Saving More Than Ever. So Why Are More People Tapping Their 401(k)s?
Americans are saving more for retirement than ever before, yet more workers are also tapping their 401(k)s for financial emergencies. According to Vanguard’s How America Saves 2026 report, hardship withdrawals have tripled since 2021 despite record participation,...
Women Are Out-Saving Men for Retirement – So Why Do They Retire With Less?
Women are often more consistent retirement savers than men, according to Vanguard’s How America Saves 2026 report. They participate in 401(k) plans at higher rates and frequently save a larger percentage of income. Despite these stronger savings habits, lower earnings...
5 Financial Moves to Make before the End of Summer
Summary Small financial decisions can have a big impact over time. Before summer ends, take a few minutes to review your 401(k), emergency savings, beneficiary designations, and retirement plan to help keep your long-term goals on track. Takeaways Increasing your...
7 Budget-Friendly 4th of July Ideas for 2026
This July 4th is America’s 250th birthday, and spending is expected to hit record levels. But budget-friendly 4th of July celebrations are absolutely possible with a little planning. Here are 7 ideas that can help you celebrate big without the big bill. Why the 2026...
Thinking about Pausing Your 401(k)? Read This First
Thinking about pausing your 401(k) contributions? While it may seem like a quick way to free up cash, even a temporary pause may reduce compound growth, eliminate employer matching contributions, and make it harder to reach your retirement goals. Before making a...
How Much Will Healthcare Cost You in Retirement?
Healthcare may be one of the largest expenses you’ll face in retirement. According to Fidelity, a 65-year-old retiring today may spend an average of $172,500 on healthcare costs throughout retirement, and that estimate does not include long-term care. Understanding...
How to Stay Calm When Market Volatility Hits Your 401(k)
Wondering what to do with your 401(k) during market volatility? While market downturns can be unsettling, panic selling, stopping contributions, and taking early withdrawals often cause more damage to retirement savings than the decline itself. Key Takeaways The...
Tax Doctor
- Why Do the Wealthy Pay Less Tax than Others?Well, do they or don’t they, actually? Long debated and often manipulated by the media, the topic of the wealthy and taxation has many, many complex points and counterpoints. First, when people say that, they often don’t define what kind of tax. The people hearing the comment usually go to federal personal income tax in their […]
- Charitable Planning for Younger Clients ~ with a TwistOften people will have one-time “Income Events” that greatly increase the income tax due in that year. Finding ways to mitigate that additional tax, especially for younger people, can be challenging. In some cases, setting up a Charitable Lead Trust (CLT) in order to receive an upfront income tax deduction might be viable option. A […]
- Tax Planning Often Has Bonus BenefitsHave you worked toward losing weight in the past because you want to look more attractive, or fit into an expensive wardrobe you already own? When you lose weight you often also lower your blood pressure and/or cholesterol as a bonus. It might not be the primary motivation, but the extra benefit is of course […]