The Tax Cuts and Jobs Act (TCJA) of 2017, often heralded as one of the most comprehensive tax reforms since the Reagan era, brought about significant changes in the realm of individual income tax, corporate tax, and estate tax.

With the IRS updating its guidelines on inherited IRAs, we've boiled down the essentials for you. Here are key takeaways so you don’t have to navigate the complexities alone. Stay informed and make smart financial choices with ease!

Umbrella insurance is easily the most overlooked, yet cheap and important form of insurance. What is it? Umbrella liability coverage, also known as excess liability or personal liability insurance, supplements existing insurance policies, such as auto and homeowners insurance. It activates when the liability limits of these primary policies have been exhausted.

Deciding whether to take your pension as a lump sum or an annuity is a significant retirement crossroads. Each path offers distinct advantages and drawbacks. Let's break down the key factors to help you make an informed decision.

Planning for retirement involves more than just saving money—it’s about creating a comprehensive strategy to ensure financial security and peace of mind. This guide outlines the essential components of a solid retirement plan. By addressing these key areas, you can build a robust retirement strategy that meets your needs and goals.

Navigating 529 plan withdrawals can be tricky. To ensure you make the most of your funds and avoid penalties, it’s vital to understand the key steps. This guide covers how to identify qualified expenses, avoid tax credit double-dipping, keep accurate records, and synchronize withdrawals with expenses.

Investing in your child’s education? A tool from The Foundation for Research on Equal Opportunity helps estimate the ROI of over 50,000 programs. Some degrees offer substantial gains, while others may not pay off. Clark Wealth Partners can guide you in making informed financial decisions.

Recognizing that success in investing, much like in other areas of life, is not solely the result of individual acumen or effort, but also of cultural legacies, timing, and opportunity, can lead to more informed and empathetic financial decisions.

Whether you're aiming to boost your savings, invest wisely, or simply manage your finances more efficiently, we've got you covered.

In her book, Annie Duke starts by challenging the common misconception that decisions can be made with absolute certainty, drawing upon her extensive background as a professional poker player. She emphasizes that life's decisions are inherently probabilistic and encourages readers to adopt a probabilistic mindset.

As we step into the New Year, it's time to take a closer look at our finances, particularly in managing subscriptions and budgeting effectively.

Gladwell's book is an intricate exploration of our interactions with people we don't know, a pertinent theme in our increasingly interconnected yet polarized world.

The book touches on significant historical financial events, such as the Great Depression, to illustrate how these events can leave a lasting impact on individuals' financial behavior.