6 Steps to Opening a Roth IRA for Your Teenager
April 19, 2022
6 simple steps to open a teen ROTH IRA account, and get them started on the path to becoming millionaires.
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ELGON FINANCIAL BLOG
First-Year Tax Filing for New Immigrants
February 16, 2022
Filing taxes the first year in the US as an immigrant or as a non-US citizen is not for the faint of heart. You need to figure out your filing status, in addition to understanding different concepts in the tax code. This post discusses what you need to keep in mind as you go through the process.
Money Lessons Solidified After Running 13.1 Miles
January 25, 2022
Completing 3M Half Marathon race this weekend, was another reminder that financial planning is not a sprint, but a marathon. Money lessons solidified.
Gift Giving Stress: How to Deal With it
December 10, 2021
We stress a lot about gift-giving during the holidays. It’s especially more noticeable between couples. It turns out, there is a perfectly logical reason for this – Money Scripts. It’s all about how we grew up, what we learned about money and the experiences that contributed to our money scripts. Understanding this can go a long way in helping us manage this stress.
Maximizing Brokerage Accounts for Foreign-Born Families
October 21, 2021
In this post, I discuss why a taxable brokerage account should be a part of your investment/saving strategy. By the end of the post, you’ll know the answer to questions like – what is it, what are some of the benefits of the account, things to watch out for with the account. Finally I discuss the special use case for foreign-born nationals.
Benefits of a Junior Roth IRA for Young Savers
August 8, 2021
While most view a Roth IRA as an account to be opened later in life, the best time to start saving in this account is when teens are beginning to make their first buck.
The Child Tax Credit – Advance Money Payments For 2021
July 12, 2021
The in-depth specifics of the Child Tax Credit and how the 2021 monthly advance payments could potentially impact your financial situation if you qualify.
Financial Planning for New Parents: Avoiding Bankruptcy
July 7, 2021
Money planning tips for new babies: It will cost over $233k to raise a child to age 17 today. Ideas to manage the initial costs without going bankrupt
