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IRS Announces 2021 Retirement Plan Contribution Limits For 401(k)s And More

Advisors Management Group | January 13, 2021

How much can you save for retirement in 2021 in tax-advantaged accounts? How does $58,000 sound? The Treasury Department has announced inflation-adjusted figures for retirement account savings for 2021. The basic salary deferral amount for 401(k) and similar workplace plans remains flat at $19,500; the $6,500 catch-up amount if you’re 50 or older also remains … IRS Announces 2021 Retirement Plan Contribution Limits For 401(k)s And More

5 Tips for Handling Holiday Financial Stress

Advisors Management Group | December 14, 2020

If you’re like many people, the holidays cause more financial stress than any other time of year. Figuring out how to afford gifts, décor and food for the big feast is often overwhelming. You might never be able to remove all of your holiday money worries, but you can alleviate some of them. Even though your shopping list … 5 Tips for Handling Holiday Financial Stress

7 Tips to Help You Stop Making Holiday Shopping Mistakes

Advisors Management Group | November 17, 2020

Overspending during the holidays can cost you more than you realize. It can be tempting to go crazy the first Christmas after you get your first real job. You are making a real salary, and you feel that you want to say thanks to those who have helped you while you struggled through college and … 7 Tips to Help You Stop Making Holiday Shopping Mistakes

How Parents Can Serve Financial Sense At Thanksgiving Table

Advisors Management Group | November 3, 2020

The Thanksgiving dinner table offers a great opportunity for parents to tutor their children towards future success. As you pass the mashed potatoes, consider passing along family stories—your stories—of planning, saving and frugal spending. Make the stories lively and real. Give your kids a reason to believe your stories could someday be their own stories. Here’s … How Parents Can Serve Financial Sense At Thanksgiving Table

How to Save on Streaming Services

Advisors Management Group | September 21, 2020

Americans have slashed spending on restaurants, travel and live entertainment. But we’re spending more on subscription services—especially video-streaming subscriptions. A recent survey on digital media trends by Deloitte, the tax and business consulting firm, found that not only have more consumers signed up for video-streaming services since the COVID shutdowns began, but the average streamer pays … How to Save on Streaming Services

Americans Get This ‘Wrong, Wrong, Wrong’ About Financial Advisers

Advisors Management Group | August 21, 2020

Suze Orman says most Americans have the “wrong, wrong, wrong” idea when they choose a financial adviser. In a blog post, the personal finance guru cites a 2017 survey that found 53% of Americans believe financial advisers are required by law to put their clients’ best interests ahead of everything else when they give retirement … Americans Get This ‘Wrong, Wrong, Wrong’ About Financial Advisers

11 Things Every Home Seller Should Do

Advisors Management Group | June 29, 2020

As a home seller, your goal is to sell your property quickly for the most money possible. However, in the wake of COVID-19, you’ll need to take some extra steps to adapt your selling strategy to the current market — such as incorporating social distancing procedures with in-person home tours. Here, we’ve outlined several steps … 11 Things Every Home Seller Should Do

When Are 2020 Estimated Tax Payments Due?

Advisors Management Group | June 17, 2020

Our routines have been turned upside down by the coronavirus pandemic. That includes the regular process of making estimated tax payments for people who are self-employed or don’t have taxes withheld from other sources of taxable income (such as interest, dividends or capital gains). In a normal year, the first estimated tax payment for 2020 would … When Are 2020 Estimated Tax Payments Due?

AMG COVID-19 Response Plan

Advisors Management Group | May 21, 2020

This has been a very different couple of months with many changes in everyone’s world. Although we haven’t been able to meet in person, AMG has continued to work for you while social distancing and following recommended guidelines. Fortunately, our offices were already set up to accommodate that, for which we feel very blessed. We … AMG COVID-19 Response Plan

8 Steps to Appeal Your Property Tax Bill

Advisors Management Group | May 20, 2020

Home values rose across the country in 2019, which means many homeowners’ property taxes are now going up, too. The taxes can hit particularly hard in states with the highest effective property tax rates — New Jersey, Illinois, Texas, Vermont and Connecticut — now that federal deductions for state and local taxes are capped at $10,000. … 8 Steps to Appeal Your Property Tax Bill

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