Stop Procrastinating About Financial Planning

Some things to think about as you get started with your strategy.

First, look at your expenses and your debt. Review your core living expenses (such as a mortgage payment, car payment, etc.). Can any core expenses be reduced? Investing aside, you position yourself to gain ground financially when income rises, debt shrinks, and expenses decrease or stabilize.  

Wealth Management with Memory Disorders

What steps can a family take?

Besides impacting lives and relationships, dementia can also impact family finances. It may call for another family member to assume money management responsibilities for a parent, grandparent, or sibling. It may increase the risk of financial exploitation, even as we do our best to guard against it.

Watch Our Video: The Importance of Setting Financial Goals

These are the obstacles we all face in trying to achieve our financial goals:


The Best Way to Manage Money as a Couple

The Best Way to Manage Money as a Couple

What are the keys in planning to grow wealthy together?

When you marry or simply share a household with someone, your financial life changes – and your approach to managing your money may change as well. To succeed as a couple, you may also have to succeed financially. The good news is that is usually not so difficult.

Sensitive Documents: What to Shred -- What to Save

Are you a recordkeeping pack rat? Many individuals and businesses hold onto paper and digital records indefinitely — just in case. But securely storing years of financial records can become burdensome. Here's some guidance from the Seldon Fox Accounting firm to help minimize recordkeeping overload.

Take Advantage of The New Tax Laws

The $1.5 trillion tax reduction will act as a tailwind for the economy in general, but it will also have a positive impact on most people’s individual economy. You've filed your 2017 tax return, but now is the time to start thinking about tax planning opportunities for 2018. 

The biggest changes in personal taxes are 1) lowering tax rates for most income levels, 2) eliminating personal exemptions, and 3) roughly doubling the standard deduction to $12,000 for individuals and $24,000 for married couples.  For about 2/3 of tax payers that used to itemize deductions, the result will be simplification of tax preparation as the standard deduction will provide a greater benefit than itemizing deductions. 

The Economic Outcome of a College Degree

Many parents want to make sure their child’s degree will result in a high-paying job.

But, what kind of salary will a child make after graduating from college? This question preoccupies many parents of teenagers who are aghast at college price tags. These parents want to make sure that the money they plunk down for a bachelor’s degree will ultimately pay off with good-paying jobs for their children. Here's some research that you may find helpful.

Good Reasons to Retire Later

Working longer might work out well for you.

Are you in your fifties and unsure if you have enough retirement savings? Then you have two basic financial choices. You could start saving and investing more of your pay than you currently do, or you could work longer so you have fewer years of retirement to fund.

Talking to Your Heirs About Your Estate Plan

They should not be left ill-informed or unaware.

Talking about “the end” is not the easiest thing to do, and this is one reason why some people never adequately plan for the transfer of their wealth. Those who do create estate plans with help from financial and legal professionals sometimes leave their heirs out of the conversation.

5 Year End Tax Saving Strategies

The Senate passed its version of the tax reform bill last weekend and the two houses will now go to work reconciling their bills for final passage.  While both versions of the bill have changes taking effect beginning in 2018, there are some financial maneuvers you may want to consider in 2017.

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