In a year which many thought would never end, miraculously we have found ourselves in December. Before the clock strikes midnight on New Year’s Eve, there are some easy steps to take on your own to prepare yourself for the upcoming Tax Season. While we highly recommend turning to trusted tax professionals for your tax …
Continue reading “Do It Yourself Year-End Tax Planning Tips”
Do you plan to leave money, assets, or other belongings to loved ones after you pass away? If you become seriously ill or incapacitated, who do you want to make financial decisions on your behalf? What about healthcare decisions? A well-constructed estate plan addresses all of these questions and more. Unfortunately, many people mistakenly believe …
What is Financial Vision? If you know what your finances will look like in 10, 20, or even 30 years, then you have financial vision. Financial vision is the ability to see your future finances clearly. In the same way that most of us aren’t born with 20/20 eyesight, perfect financial vision is rare, but …
Do you need a tax preparer? If you’re used to doing your taxes on your own or with a DIY software service, it can be hard to tell. Here are a few reasons you might want to enlist the help of a tax professional. 1. You have a complex return Whether you’re retired, own rental …
1. Plan Ahead The easiest way to prevent overspending is to make a shopping list and check it twice. Knowing what you plan to buy can help prevent impulse purchases; it also gives you the opportunity to comparison shop before you commit to a store or a price. Plus, keeping the number of forgotten wish …
Want to strengthen your relationships, improve your physical health, and relieve stress? The answer, according to several scientific studies, might be gratitude. Believe it or not, gratitude can also positively impact your finances—and not just because it’s free. Gratitude draws our attention to the parts of our financial lives that are overlooked, underutilized, or ignored. …
1. Max Out Your Contributions There’s still time to max out the contributions on your retirement account. Making the maximum contribution to your IRA or 401(k) boosts savings and reduces your taxable income. In 2019, contribution limits increased to $19,000 for 401(k)s and $6,000 for IRAs and Roth IRAs. If you’re over 50, you can …
The Rolling Stones are no strangers to controversy. Since the band’s creation in 1962, the Stones have wrecked hotel rooms, dressed in drag, and consumed enough narcotics to incapacitate several elephant herds. The band’s 2019 No Filter tour is no exception. The headlines are less racy now that Mick Jagger and Keith Richards are well …
Continue reading “Exile on Annuity Street: Retirement Planning with the Rolling Stones”
What does it mean to be financially independent? The definition of financial independence varies, depending on who you ask. To some, being financially independent means having more money than you could ever spend; for others, it’s liberation from debt and a paycheck-to-paycheck lifestyle. Then there’s the FIRE movement, as in Financial Independence, Retire Early, a …
Did you know that losing money can be hazardous to your health? A recent study published in the Journal of the American Medical Association found that participants who lost 75% or more of their wealth in a short period of time had a 50% higher risk of death over the next 20 years. These sudden …
Continue reading “Five Ways to Protect Your Wealth and Health”
1. Fly for free Travel can be the most expensive line item in your vacation budget, with two-way airfare ranging from $500-$1,500 for a single flyer. Luckily, there are multiple ways to earn free airline miles that can reduce or even eliminate the cost of your ticket. If you travel often or have a favorite …
Tel. 860 – 676 – 1100
