I look at the millennial generation and see incredible opportunities for financial planning and wealth building. There's something about the spirit of this young generation. Many are exploring the possibility of early retirement and are eager to reach financial independence in order to do so. My advice is always to focus on acquiring assets. 

As a CPA during tax season, I meet with lots of people. Many of them are regular clients who engage in year-round tax planning. For these people, tax season has few if any surprises. Others aren’t so well prepared. No one wants to pay more in taxes than they have to. Two of the best strategies for preventing that are tax planning and early filing.

The Tax Cuts and Jobs Act brought about many changes to the filing of the 2018 tax returns. The 2019 tax return filing season is the first time that the new tax law will be in effect. As you begin prepping for your 2018 tax filing, become familiar with these changes. You can ask your CPA or tax consultant to help you find the tax advantages available to you.