Abacus Financial Business Management

A new savings account proposal has Washington buzzing — but what does it mean for YOUR retirement? 💰

You may have seen headlines this week about so-called "Trump Accounts" — a proposed new tax-advantaged savings vehicle that some experts are suggesting could even serve as a model for reforming Social Security. Alongside this, a new bill has been introduced that would allow retirees to make direct charitable donations straight from their 401(k)s.

Interesting? Absolutely. But here's my honest take as your financial advisor:

Don't restructure your financial life around a proposal.

Washington moves slowly. Bills get amended, stalled, or scrapped entirely. What matters most right now is making the most of the powerful, proven tools that already exist — and making sure your current plan is as strong as it can be.

Here are 5 things you CAN do today, regardless of what Congress decides:

1️⃣ Max out your 401(k) contributions — the 2026 limit is $23,500 ($31,000 if you're 50+)

2️⃣ Fund your IRA or Roth IRA — contribution limits are $7,000 ($8,000 if 50+)

3️⃣ Review your Social Security strategy — especially if you're within 10 years of retirement

4️⃣ Talk to your advisor about charitable giving options — Qualified Charitable Distributions (QCDs) from IRAs already exist and offer real tax advantages

5️⃣ Revisit your beneficiary designations — policy changes are a great reminder to make sure everything is up to date

At Abacus Financial, we stay on top of legislative developments so you don't have to — and we help you make smart, proactive decisions no matter what's happening in Washington.

💬 Are you following the Trump Accounts proposal? What questions do you have about how it might affect your retirement plan? Drop them in the comments — I'd love to help you think it through.

📲 Ready to review your retirement strategy? Let's connect.

When you're looking for ways to cut your monthly budget, the dream is to find cuts you can make that don't feel like sacrifices. You want to save money, but you don't want to live like an ascetic monk.

One of the more popular pieces of advice floating around online is to call your current service providers and just ask them to lower your bill.

I Asked All My Service Providers to Lower My Bills. Here's What Happened I asked all my service providers for lower prices. Here's what happened.

The "Abbott Elementary" creator will bring the iconic animated character to life in a new feature film exploring Betty Boop's origins and cultural legacy.

Quinta Brunson to develop and star in new ‘Betty Boop’ movie Quinta Brunson is set to develop and star in a new Betty Boop movie exploring the iconic character’s origins, evolution and cultural impact.

Here's something most people don't realize: when the government raises tariffs on imports, YOU eventually pay that bill. 💸

Research now confirms it — companies pass 100% of tariff costs to consumers, usually within 7 months. The 2025 tariffs cost the average household up to $1,000. This year's version? Still around $700 out of pocket.

That's real money leaving your family's budget — for groceries, electronics, cars, and more.

The good news: with the right financial plan, you can absorb these kinds of shocks. That's exactly what we help people do at Abacus Financial.

Drop a comment or send me a message — I'd love to help. 👇

ChatGPT can now connect to your Chase, Fidelity, and Robinhood accounts, but experts are already raising concerns.

ChatGPT’s Personal Finance Test Is Rolling Out in the U.S.—With a Major Warning Label

Is your financial life running on autopilot? If so, it's time to take back the wheel. 🚗💨

We'd like to introduce you to Abacus Financial Business Management — a boutique Los Angeles firm founded by Belva Anakwenze that is redefining what financial support looks like for creatives, entertainers, and small business owners.

At Abacus, the belief is simple: your finances deserve the same creativity and intention you pour into your work.

That's why their team offers a full suite of services — Business Management, Tax Preparation, Virtual CFO, and Customized Planning — all tailored to your unique vision and goals.

What sets them apart? They become your trusted financial advisor for the long haul. They handle the financial tasks so you can stay focused on what generates revenue. They serve as a direct liaison with third parties, cutting down on the endless calls and emails. And as you grow, their services grow right alongside you.
If you're ready to stop guessing and start building real financial confidence,

Abacus is ready to connect. 👇
📍 Los Angeles, CA
📞 (323) 735-5300
🌐 afinancialgroup.com

Tax law just got a major update — here's what you need to know. 💼

The One Big Beautiful Bill Act, signed in 2025, made sweeping changes that take full effect in 2026. If you haven't reviewed your financial plan since then, now is the time.

A few tips to help you navigate the changes:

1. Revisit your charitable giving strategy.
New rules have set a floor on charitable deductions, which could change how and when it makes sense to give — especially if you've been donating regularly.

2. Business owners: audit your deductions.
Several provisions from 2017 are now permanent, which creates new planning opportunities if you know where to look.

3. Don't wait until tax season.
The clients who benefit most from tax law changes are the ones who plan proactively — not the ones who find out in April what they missed.

At Abacus Financial, this is what we do every day. We specialize in financial management for entertainers, creatives, and small business owners — and we make sure you're positioned to take advantage of every opportunity the law allows.

Have questions? Reach out. We're here.

“How did I spend so much?!” is a fairly common reaction to a monthly credit card bill. It’s usually followed by the realization that some things need to change.

16 Mindless Habits That Are Wasting Your Money Experts share the small spending habits that add up.

🎥 You’re busy creating the next big hit — but who’s managing the $$ behind the scenes?

Meet Abacus Financial Group — business management that speaks your language. From tax planning to virtual CFO services, we handle the financial heavy lifting so you can focus on your art. 💰✨