Trump Accounts Explained: What Parents Need to Know
If you’ve been following financial news lately, you’ve likely heard about Trump Accounts—a new savings vehicle established under the One Big Beautiful Bill signed in July. With tax season underway, we’ve been fielding a lot of questions from clients about how these accounts work. Here’s what we know so far.
Tax Law Changes Impacting 2025
Welcome back to Topic Tuesday with Allen Dembski and Juliana Janson of Buffalo First Wealth Management. Today, we’re reading the “one big, beautiful bill” to focus on tax changes to affect your filing for the 2025 federal tax year.
Why Do I Need a Financial Advisor?
Here at Buffalo First Wealth Management, the question we get asked most often from prospective clients is “Why do I need a financial advisor?” or “What do you actually do?”
End of the Year Tax Planning Strategies
We are still a few months ahead of tax season, but it is always a good time to plan ahead to protect yourself and make your life easier for managing your taxes. One way to do that is to set up an online IRS account.
Why Do I Need any Online IRS Account?
We are still a few months ahead of tax season, but it is always a good time to plan ahead to protect yourself and make your life easier for managing your taxes. One way to do that is to set up an online IRS account.
What Is the FIRE Movement, and Could It Be Right for You?
Roth IRAs can be a powerful financial tool, since the funds in a Roth IRA grow tax free and they are not subject to Required Minimum Distributions (RMDs) like traditional IRAs. But doing a conversion may not be right for everyone.
Should I Consider a Roth Conversion?
Roth IRAs can be a powerful financial tool, since the funds in a Roth IRA grow tax free and they are not subject to Required Minimum Distributions (RMDs) like traditional IRAs. But doing a conversion may not be right for everyone.
Weathering Market Volatility: Why Staying the Course Pays Off
We hope you’re doing well. With the recent market fluctuations, we wanted to take a moment to check in and offer some perspective.