Blog

Should I Pay Off Debt or Save for a Downpayment?

Nov 29th, 2021 • Damian Dunn
I recently sold my house. Not to get out of debt but because the neighborhood is running down. The house sold so fast I didn’t have to advertise! I’ll be living in an apartment until I figure out if I want to build or buy my next place.  I have 20,000.00 in credit card debt … more »
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Can You Save TOO Much in a 529?

Nov 10th, 2021 • Damian Dunn
I never hear anyone discuss the implications of saving TOO much in a 529 for your child’s college. How do you know if you’re saving too much? And if you’re on target to hit your child’s goal before age 16, should you stop making contributions even if your state (IL) provides a tax benefit up … more »
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What Qualifies as a Dependent on Your Taxes?

Mar 23rd, 2021 • Damian Dunn
Tax season is here and so thoughts turn to…dependents. (Presumably, you are always thinking about your beloved dependents!) While you certainly know whom you consider to be dependent upon you, the definition of “dependent” is more nuanced for income tax purposes.  Understanding exactly who is (and who is not) a dependent has enormous implications for … more »
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