What Should Your Savings Goals Be?
Financial Planning for Every Decade of Your Life
When you’re young and just starting out, retirement seems so far away. There are more pressing things to spend your money on rather than focusing on your savings goals. Then you find the love of your life, maybe buy a house and start a family. Before you know it, your kids are looking at colleges, and, “suddenly,” retirement seems to have snuck up on you. Hopefully, you have not encountered too many of life’s obstacles and unforeseen expenses that can often derail a good savings plan. Life
What Will it Take to Own Your Financial Future?
These steps can help you gain control of your financial reality
Do you ever feel like your finances just aren’t running on all cylinders? Setting definitive financial goals will help you stay on track, weather unexpected expenses, and gain peace of mind for your later years.
Today, I’d like to offer six goals that can help you get on track – and stay there – so you can own your financial future.
Important Tax Savings Strategies for the Affluent – And Those Who Want to Be
Tips to Help You Build and Protect Your Wealth
When I worked as a tax CPA for KPMG in the late 90s, I served many corporate executives and wealthy families as their senior tax specialist and prepared many individual income tax returns, trust returns, and gift tax returns. Now, I use that knowledge and expertise to help my affluent and high-income clients plan ahead to keep more money in their pockets by using smart tax savings strategies.
Looking at this Historical Tax Rate Chart 1913-2021, you can see that the current top income
Why Wealth Transfer Plans are Critical to Estate Planning
Don’t Neglect this Essential Aspect of Leaving Assets to Your Heirs
Why Health Savings Accounts are Appealing for High-Income Earners
When Used Correctly, HSAs Can Be the Ultimate Tax Savings Strategy
One of the keys to wealth building is protecting as much of your income as possible, making it crucial for high-income earners to develop a smart tax savings strategy. Health Savings Accounts (HSAs) are a great tool to help you accomplish this goal, yet they are often overlooked or misunderstood. When you do take advantage of an HSA – and you use it correctly – it provides an easy annual income tax deduction, but it can also create dedicated, tax-free savings for your healthcare needs in
Five Reasons Retirement Planning is Different for Women
Current Gender Norms Mean Stakes Are Higher for Women, but these Challenges Don’t Have to Sideline Your Retirement Planning
Financial professionals will tell you that every retirement plan is different when it comes to retirement planning because every retiree is unique. However, that isn’t exactly true since many married couples create and depend on just one retirement plan for both of them. Though this might seem like common sense at first glance, couples should be sure that their shared retirement plan represents their very different retirement needs and realities.
Unfortunately, even in these modern times