Does this sound like you, “We don’t have any money at the end of the month. We’re not saving enough or investing anything for retirement, and we will send our daughter to college next year.” Your money follows your personal interests. What you spend your money on shows what is important to you. So, if you change what is important, … Read More
Spring Clean Your Finances; 5 Ways to Get Financially Organized
Now that we have made it through another tax season, it is finally time to look forward to Spring. Although, depending upon where you live, the spring season could be fleeting as they often are in the state of MI. Regardless of the weather, Spring from a financial calendar standpoint means it time to get organized. Not having all your … Read More
How The CARES Act Could Impact You
With the passing of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, I wanted to highlight a few of the critical points that could impact you and your family. Tax Rebates Taxpayers with no tax liability would receive $600, and the amount increases dollar for dollar for those with a tax liability up to $1,200 for individuals. For married … Read More
Peace of Mind When it Matters Most
Last week stock markets were in rally mode as the $2 Trillion stimulus bill was passed, and President Trump indicated that some businesses could be up and running by Easter. Trading in the stock markets last week took the stance as if the War against the coronavirus will soon be over. How do we know? Below are a few of … Read More
How A Hybrid Retirement Plan Work For You
One of the most overlooked but critical aspects of savings or achieving any financial-related goal is determining why you want to save. That may sound simple, but let me give you an example. Client: I want to retire at 55. Me: Why? Client: I hate my job. Me: What will you do in retirement, especially one that could last a … Read More
5 Questions to Ask as You Begin Your Tax Planning
While I often talk to people about how tax planning should be year-round, it obviously gets the most attention at the beginning of the year when tax preparation begins in earnest. Planning at the beginning of the year should be focused on the following; What are your retirement contributions plans? Are you focused on 401(k), IRA, or both? If you … Read More
How to Make the Most of Year End Tax Planning
There should be three times per year when tax planning should be front and center of your overall wealth management plan; Beginning (January/February), middle (June/July), and the end of the year (November/December). Planning at the beginning of the year should be focused on the following; What are your retirement contributions plans? Are you focused on 401(k), IRA, or both? If … Read More
