It seems like the cost of almost everything has risen in recent years ... and raising a Massachusetts kid is certainly no exception! But how much are these adorable little mini-mes really costing us? We dug into the numbers to find out, and it turns out we’re not...
Month: August 2024
Penalty-Free 401(k) Withdrawals Just Got Easier For Massachusetts Residents
As expenses continue to squeeze household budgets, Massachusetts residents can now tap into their 401(k)s before age 59.5 — without penalty — to cover unexpected expenses. The new rule, which took effect this year thanks to provisions in 2022’s SECURE 2.0 Act, allows...
Passage of the Massachusetts Parentage Act
Governor Maura Healey signed an Act to ensure legal parentage equality, which updates the state’s parentage laws for the first time in 40 years to make them more inclusive. This historic legislation ensures the rights and protections for parents who use surrogacy,...
Understanding the Psychological Impact of a Massachusetts Divorce on Teens
A Massachusetts divorce is a common occurrence in today’s society, with significant implications for the families involved, especially teenagers. Understanding the psychological impact of divorce on teens is crucial as they navigate this challenging period of their...
How To Find The Right Extracurricular Activity For Your Massachusetts Child
Extracurricular activities are an important part of a Massachusetts child’s development. They provide opportunities for your child to explore their interests, develop skills, make friends and have fun outside of school. However, choosing the right activities can be...
What Research Says About Stay At-Home Massachusetts Parents
Ask people what they think about Massachusetts stay-at-home moms and stay-at-home parents in general, and you'll likely get a variety of answers. Some might say they've got it easy, or that life at home with the kids would be boring. Some might think they're lazy or...
Co-Parenting With a Massachusetts Narcissist
Co-parenting with a Massachusetts narcissist presents unique and challenging obstacles that can test even the most seasoned of parents. Individuals with narcissistic personalities often exhibit traits such as an excessive need for admiration, a lack of empathy, and a...
IRS Tax Tip: Educator Expense Deduction Can Offset Out of Pocket Classroom Costs
The Educator Expense Deduction lets eligible teachers and administrators deduct part of the cost of technology, supplies and training from their taxes. They can claim this deduction only for expenses that weren't reimbursed by their employer, a grant or other sources....
Massachusetts Parents Prioritize Saving For College
Source: Fidelity Investments *This hypothetical example illustrates the potential value of different regular monthly investments for different periods of time and assumes an average annual return of 4.5% rounded to the nearest $50. Contributions to a 529 plan account...
What You Need To Know About Splitting Assets In A Massachusetts Divorce
A Massachusetts divorce can be painful and messy. The worst part is often dividing everything you've worked so hard to build together. To help ensure that you come to an agreement that is fair and equitable to both of you, it's important to know what you have now and...