Tax Breaks Increase for Gifts, Estates and Capital Gains in 2023

Andrii Iemelianenko / Shutterstock.com The income thresholds that trigger some important taxes are changing in 2023. The IRS is making the changes to account for inflation. The moves will mostly impact wealthy taxpayers, although some folks in the middle class also likely will benefit. Following are definitions of the three key taxes that are impacted […]

The Annual Financial Checklist

It’s important to maintain your automated financial system. Every year, I spend a few hours re-reviewing my system and making any changes necessary. For example, have I added subscriptions that I don’t need anymore? Should I adjust my Conscious Spending Plan to account for new short-term goals? Set aside some time every year—I recommend December […]

How Do I Invest More?

Let’s assume you have already dealt with the most important parts of your finances: your credit cards, bank accounts, spending, and investments. You’ve consciously decided what your Rich Life is, and you’ve built a financial system that is essentially on autopilot, letting you spend your time pursuing the things you love. You’re doing great. Especially […]