The IRS requires Massachusetts seniors to start taking distributions from tax-deferred retirement accounts starting the year after they turn 73. If you plan in advance and think long term, a couple strategies can lead to lower RMDs now and in the future. If you're...
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...
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...
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,...
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...
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...
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 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...
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....
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...