R&V Personal Finance, LLC

08/06/2025

Steering clear of financial misinformation online. Learn more here:

CFP Board results from the inaugural Financial Planning Longitudinal Study, a decade-long, academic research initiative, reveal Americans who work with CERTIFIED FINANCIAL PLANNER® professionals achieve significantly better financial outcomes.

08/04/2025

https://www.cfp.net/knowledge/reports-and-statistics/consumer-surveys/financial-planning-longitudinal-study

CFP Board results from the inaugural Financial Planning Longitudinal Study, a decade-long, academic research initiative, reveal Americans who work with CERTIFIED FINANCIAL PLANNER® professionals achieve significantly better financial outcomes.

08/03/2025

Nearly 20% of Americans — and almost double that among those under age 36 — turn to social media for free financial advice, according to a Federal Reserve Bank of Philadelphia survey. Before taking advice from a "finfluencer", check their credentials.

The old adage is true: "If it sounds too good to be true, it probably is."

08/01/2025

One Big Beautiful Bill Act Fast Fact:

A $6,000 deduction will be available for taxpayers ages 65 or older ($12,000 deduction for married taxpayers if both spouses are ages 65+, if filing jointly) from 2025-2028. The deduction phase outs for filers with modified AGIs of more than $75,000 ($150,000 for joint filers).

07/30/2025

One Big Beautiful Bill Act Fast Fact:

The Saving on Valuable Education (SAVE) program for student loans is eliminated. Borrowers can select a new repayment plan starting July 2026 and must make an election by July 1, 2028, or be automatically placed in the Standard Repayment Plan.

07/28/2025

One Big Beautiful Bill Act Fast Fact:

The child tax credit of $2,000 per child and the refundable portion are permanent. The nonrefundable portion of the child tax credit is increased to $2,200 per child starting in 2025, with inflation adjustments thereafter.

07/27/2025

One Big Beautiful Bill Act Fast Fact:

The $7,500 tax credit for qualified buyers of clean vehicles will be eliminated on Sept. 30, 2025. The credits for energy-efficient home improvements and residential clean energy will not be available after 2025.

07/26/2025

One Big Beautiful Bill Act Fast Fact:

Beginning in 2026, taxpayers who take the standard deduction will be able to claim a deduction for charitable contributions (up to $1,000 for single filers and $2,000 for those married and filing jointly). Previously, only those who itemized their taxes could deduct charitable donations. For those who itemize deductions, there is a new charitable deduction floor of 0.5% of adjusted gross income (AGI).

07/25/2025

One Big Beautiful Bill Act Fast Fact:

The state and local tax (SALT) deduction cap will temporarily quadruple from $10,000 to $40,000 from 2025-2029, with small annual increases. The new cap is also subject to an income phase-out beginning at $500,000. In 2030, the deduction will revert to $10,000.

07/23/2025

One Big Beautiful Bill Act Fast Fact:

The modified federal income tax bracket schedule and lower tax rates created by the TCJA originally set to expire are now permanent.

07/20/2025

Alpha Is Rare. Costs Are Certain.

Beating the market is hard. Really hard. Even most fund managers can’t do it consistently after fees.

🎯 Focus on what you can control:
- Taxes
- Diversification
- Discipline
If alpha comes, it’s a bonus — not a plan.