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Useful Articlesand Resources
What do I need to do taxes for my side gig or small business?
By Jay Zigmont | Dec 26, 2023
The increasing viability of remote work and the booming gig economy have meant that more and more people have a side gig, or have even taken the plunge to start their own fully fledged small business. Unfortunately, with a side gig or small business, comes questions about how to handle taxes. Here’s what to know […]
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When Should I Ask for Financial Help?
By Jay Zigmont | Dec 19, 2023
It’s possible that you’ve never consulted with a professional about your finances before. So how can you tell when it’s time to ask for help with money matters? If you have to ask, it’s probably a good indication that it’s time. Keep reading to learn a few instances when it pays to get a professional […]
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What’s the difference between W-2 and 1099?
By Jay Zigmont | Dec 5, 2023
Filing taxes is all about taking the numbers off various forms and plugging them into the right places. Two forms that you’ll hear referenced are form W-2 and form 1099. What’s the difference between these two forms and the type of work (or earned income) that they describe? There are a lot of differences, and […]
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Long Term Care for Childfree Individuals
By Jay Zigmont | Nov 23, 2023
Who is going to take care of you when you get old? – You are. If you are Childfree, chances are that someone has asked you this question. The question itself is loaded, as it implies that they are counting on others to take care of them. As Childfree people, we know we need to […]
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What is a High Yield Savings Account?
By Jay Zigmont | Oct 31, 2023
A savings account is an extremely common type of bank account, and it’s a great place to keep cash you need easy access to (such as your emergency fund). You can add or withdraw money from a savings account any time, which isn’t the case for every type of bank account. But you have options […]
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I Have Stock Options, What Should I Do?
By Jay Zigmont | Oct 24, 2023
If you get a new job, you may be offered stock options when you are hired. But what are employee stock options, and what impact will they have on your finances? What are employee stock options (ESOs)? Employee stock options (or ESOs) can be offered as a part of compensation when you get a new […]
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What Employee Benefits Should I Take?
By Jay Zigmont | Oct 18, 2023
New jobs come with all sorts of perks that you can opt into (and pay for, in many cases – but your employer often subsidizes a large part of the cost). For benefits like insurance, you can generally sign up when you start your job, and your coverage will begin after a waiting period, sometimes […]
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Using the Financial Planning Pyramid to Grow… or to Just Get Started!
By Jay Zigmont | Mar 21, 2023
When I began to get serious about my personal finances, I didn’t know where to even begin. I’d heard people talk about how important it was to have a budget, and I also heard people talking about 401ks, and I was told my student loans really needed to be paid off ASAP, and, oh, I […]
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Should I Set Up a Roth IRA?
By Childfree Wealth | Feb 1, 2023
A Roth IRA is a type of investment account that you don’t ever pay taxes on once you’ve put money into it. As with anything, there are exceptions to the rule, but the Roth IRA can be an extremely powerful tool when it comes to your finances. You might be thinking that if it is such a […]
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Can I Take a Loan From My 401(K)? (and should I?)
By Childfree Wealth | Jan 28, 2023
For those who want the quick answer: Yes, 401K loans exist with many (maybe even most?) plans! That said, there are lots of rules and pitfalls in taking 401K loans so read further for more information. 401Ks have numerous features that may come in handy, particularly as a last resort. Features such as being able to […]
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