The Ric Edelman Show

3 weeks ago | edelmanfinancialengines.com | Brian Lund

You've spent decades building a life, accumulating possessions, and perhaps even purchasing your dream home. Naturally, you assume your children will cherish these items and eagerly accept them as part of their inheritance. But what if they don't? Sometimes, parents who are downsizing or planning their estates discover their adult children have little interest in inheriting their possessions.

3 weeks ago | edelmanfinancialengines.com | Brian Lund

In recent years, sports betting has transformed from a largely underground activity to a mainstream form of entertainment. Since the Supreme Court struck down the Professional and Amateur Sports Protection Act in 2018, states across the country have rushed to legalize sports wagering, creating a booming industry that's as accessible as opening an app on your smartphone.

1 month ago | edelmanfinancialengines.com | Brian Lund

As cryptocurrencies continue to grow in popularity, many investors are wondering if they should include digital assets in their retirement portfolios. One of our founders, Ric Edelman, has been a pioneer in this field, and understood early on the technology behind crypto and its applications, and more importantly, how this new asset class should be viewed in relation to a personalized financial plan.

2 months ago | edelmanfinancialengines.com | Brian Lund

It’s been said that there are only two certainties in life: death and taxes. Yet, as hard as it may be to believe, before 1861, there was no such thing as an income tax in America. That was the year when Congress first implemented a tax to help defray the costs of the Civil War. What may even be harder to believe is that Congress repealed the income tax in 1872. However, it would appear again when the states ratified the 16th Amendment in 1913.

Dec 4, 2024 | edelmanfinancialengines.com | Brian Lund

As the year draws to a close, many of us feel inspired to give back. Charitable giving can be a win-win act. You can help support the causes you believe in while potentially reducing your tax burden. But to help ensure your generosity translates into tax savings, you need to follow the rules. Here are 10 tips to help ensure your donations will be both tax-deductible and impactful. 1 To claim a charitable contribution on your taxes, you must itemize your deductions on Form 1040.