NRG Tax Update
For tax year 2025, the top tax rate remains 37% for individual single taxpayers with incomes greater than $626,350 ($751,600 for married couples filing jointly). The other rates are:
CBS Detroit – Michael Nemes Discusses Stellantis Layoffs
The automaker recently announced plans to lay off 2,500 employees. Michael Nemes joined CBS Detroit to discuss essential financial best practices for these employees and families.
The Great Wealth Transfer
An estimated $90 trillion of accumulated wealth is expected to be inherited over the course of the next two decades. For families and their financial advisors, this presents both an opportunity and a responsibility.
CBS Detroit & FOX 2 – Importance of Estate Planning for Newlyweds
As wedding season picks up momentum this summer and fall, Charles Nemes, CEO, and Chris Nemes, Partner, recently joined CBS Detroit and FOX 2 News to talk about financial preparations for the big day.
Big Changes?
No matter who wins the next election, we anticipate significant changes to our tax system. Both leading presidential candidates have expressed strong opinions regarding the U.S. tax code. In this article, we’ll take a closer look at the current administration’s policy proposals.
US News & World Report – 7 Strategies to Bump Up Your Retirement Date
Michael Nemes, partner at Nemes Rush Family Wealth Management, discusses taking advantage of your tax bracket with a Roth IRA
Crain’s Detroit Business Spotlights Nemes Rush and its Remarkable Growth Story
Crain’s Detroit Business Reporter Anna Fifelski recently sat down with Nemes Rush co-founder and CEO Charlie Nemes to discuss the firm’s journey from inception to becoming a registered investment advisor, and its recent success and expansion in assets under management and team members.
Many Happy Returns
Tax refunds are a welcome sight; after all, most people feel better receiving money from the government rather than writing a check at the end of the year.
Unfortunately, a refund isn’t necessarily cause for celebration and, if you spend that money, you may only compound the problem.
A Window of Opportunity
The Tax Cut and Jobs Act of 2017 (TCJA) made sweeping changes to the tax code. For most families and individuals, the most impactful changes included reduced income tax rates and an increased standard deduction
CBS News MoneyWatch – Choosing the right CD in today’s rate environment
Chris Nemes, partner at Nemes Rush Family Wealth Management, offers advice on aligning the maturity of certificates of deposit (CDs) with your upcoming cash needs with MoneyWatch reporter Jake Safane.
CNN – No retirement savings at 40? Here’s a comprehensive guide
Michael Nemes, financial advisor at Nemes Rush Family Wealth Management, shares retirement tips with CNN reporter Kate Stalter for those initiating retirement savings later in life.
Work Your Core for 2024
While most of us relate core strength to physical fitness, there’s also an important aspect of your financial life that has to do with your core. That would be your core spending and expenses, and what better time to address those principles than heading into the New Year?
