End-of-Summer Financial Reset: Preparing for Q4 Tax Planning

If you’re an employee working for a company that has a pension plan, you’re among an estimated 4% of Americans that still benefit from this type of retirement plan.  Most companies have moved to a dual plan or removed the pension entirely.

Leaving a legacy through the passing assets today and after your death is a process that requires correct planning and execution.

With the significant 2017 cybersecurity leaks involving the personal information of millions of Americans, this year’s tax season is expected to be one of the worst ever for tax scams.

Finance, in general, has been based on rational and logical theories, and for most part, tends to be somewhat ‘predictable.

If you’re like some Americans, you may be wondering how the new tax plan is going to affect you.  To say “the new tax plan isn’t going to affect me” may be an incorrect statement; sooner or later the new plan will change something in your financial life.

The answer to that is not much, but the allowable pre-tax contributions in most traditional retirement plans will see a small increase for 2018.

You may be considering investing in a vacation home as part of your retirement goals or just because you feel it's a good investment.

Here we are in the last quarter of 2017! Reviewing your retirement accounts is essential, but do you realize the benefits of evaluating at the end of the year? Fall tends to be a time many people start thinking about next year and what they want to accomplish.

Estate Planning 101 Basic estate planning is something that everyone should do, regardless of your age, marital status, and if you’re a parent or not.  In the US, the statistic is staggering that only 40% have a will or have an estate plan .

The older you get, the greater the chances that you have ‘old’ 401(k) accounts at former employers, or multiple IRAs from retirement plan transfers from leaving multiple jobs.

Investing is a process that takes time, should be thoughtfully monitored and has a better chance of success if planned out.

As spring time comes back to many parts of the US, so does many ‘seasonal’ scams.  Partly because of tax season and partly because home projects ramp up, and travel ‘springs up’, this is the time of year to be more alert regarding potential scams.