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Financial windfalls come in varying ways, often unexpected or suddenly. Whether an inheritance, company stock profits or sale, insurance settlement, or lottery winnings…. the unexpected pile of cash can create an initial sense of euphoria and a false sense of security. The vast majority of people blow through a financial windfall fairly quickly. Whether large […]
Threats to Data Security Intensify every hour, technology continues to evolve, changing the way we lead our lives. Unfortunately, cyber criminals are evolving just as fast, developing new ways to separate people from their assets. While the most common tactics used to compromise a victim’s identity or login credentials are long-time nemeses such as malware, […]
In a recent Wall Street Journal article (linked HERE), Andrea Fuller recounts her experience of searching for the fees that she is paying for her financial advisor and investments – the advisor is an employee of one of the largest financial advisory companies. What Andrea did not expect is that this hunt would require a […]
There are many ways to share your wealth. Following IRS rules can even give you a nice reduction in your annual tax bill. Tax planning allows you to give more to your favorite charity and maximize tax deductions. Cash/Check donations – always remember to keep good records of your donations and get receipts. Canceled checks […]
We encourage clients to max out workplace retirement accounts when possible (401k limit is $18,000 annually, or $24,000 age 50+). At a minimum, contribute as much as your employer will match; its free money! The employer matching is often structured as $.50 cents for every dollar you defer, up to 6% of your salary, effectively […]
“Back-To-School” is a good time of the year to think about saving for your children’s and grandchildren’s education. There are several types of education accounts that you can choose from. We can help you plan education savings that may be right for you! Here are some facts about the different accounts: 529 Accounts – […]
Time is one of our greatest assets, yet it often seemingly passes through our lives without much thought or appreciation. One aspect of this is how little time we spend planning for our futures. Americans on average spend more time buying a flat screen TV than planning for an IRA investment for their retirement years […]
A Financial Advisor can help you to navigate your financial waters. Meeting with a Financial Advisor is an important opportunity to discuss your financial goals, any changes that may occur and when ready, prepare for retirement. Listed below are some helpful tips on how to prepare for a meeting with a Financial Advisor. Write down […]
One of the largest trends in investment advice is coming from an increasing number of online robo-advisors. While services vary, the main service offering is an easy access investment plan and in some cases, basic financial planning advice. We certainly appreciate their fee transparency (you should always know exactly what you pay for a service!) […]
Doing your own taxes is frustrating: finding the forms, deciphering the instructions, finding your paperwork, doing the math, figuring out what needs to be attached, worrying about a tax audit. What you may not realize is that doing your own taxes also costs you money. It costs you money because you don’t know all the […]