Helping pave the way towards financial freedom
Whether you’re saving, investing, spending, bequeathing, or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome. No wonder people get nervous when there’s lots of talk about higher taxes, but little certainty on what may come of it, and who it might affect. How do we plan…
Are You Too Frugal? I work with people who either have money or like to save money. Many times my clients have good incomes. Sometimes money arrives by gifts or inheritance. But sometimes, people focus on being frugal so that they can save more (and this is OK too!). These people tend to revolve their…
Summer is here. And for the first time in a long time, travel is becoming a real possibility. I just traveled with the family and felt compelled to come up with some talking points. The pandemic hasn’t disappeared but we’re turning a corner. More people are getting vaccinated against COVID-19 every day, and even more…
How much longer will you enjoy the tax benefits from the 2017 Tax Cuts and Jobs Act (TCJA) and the 2019 SECURE Act? It’s anyone’s guess, and it’s critical to squeeze out as much upside as possible before the new Biden administration raises taxes for high-net-worth taxpayers as planned. Without careful planning, the current tax…
2020 will be a year we will never forget. From a global pandemic and civil unrest to an economic downfall that we continue to battle through today. Last year was a challenging time that has impacted millions of individuals around the world. For investors, I think it’s critical we revisit some lessons learned to better…
I get it. Being a single parent is tough! I don’t know from experience, but I know that parenting in general – is tough. I work with a number of single parents, and I relate to their struggles. Tack on the disruption of a global pandemic, and everything that goes along with that (home school,…
Since 1997 I have been helping people with their money. Thousands of conversations later, with people from all walks of life, I think I’ve seen every possible mistake made. Don’t get me wrong. We all make mistakes. But as the old saying goes, “Only a fool keeps making the same one”. Humans by nature are…
Are you looking for ways to cut your spending? With the Covid shutdown, perhaps your income has shut down – or at least slowed down. Now is the time to evaluate your spending habits. I don’t consider myself a penny-pincher, but the reality is EVERY DOLLAR COUNTS. Not only that, but people have difficulty understanding…
When our $21 trillion economy comes to a screeching halt, there’s going to be an economic contraction. That’s what we’ve all been experiencing the past couple of months as we deal with the Coronavirus. The Federal government’s $2 trillion fiscal rescue act is part of extraordinary measures attempting to limit the impact to our economy….
I thought of something helpful for people “quarantining” to do while spending time at home: review the beneficiary designations on their accounts! Admittedly updating beneficiaries on life insurance and financial accounts isn’t the most fun part of financial planning, but it could be one of the most important things you do! If you are thinking…