Establishing a Roth IRA for your kids can be a fantastic way to jumpstart their financial future. The main idea behind a Roth IRA is to save for retirement with tax-free growth.

Reviewing and updating your financial plan regularly can help reduce financial stress and anxiety.

Most people are subject to federal income taxes on their Social Security benefits, but it will depend on your total income. The tax calculation can be complex, but WealthTrace does this for you.

As we approach the New Year, it is important to sit down and review your finances. Most of us have been spending the last few weeks buying gifts, eating out, going on vacations and spending too much money.

In 2025 we will see the typical IRS tax inflation adjustments, changes to Social Security benefits and updated IRA/401k contribution limits.