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

Since President Trump announced his intention to impose tariffs on all countries the stock market has been reacting-based on investor concerns in reaction to the media.

For those of you that have ever hired a personal trainer--you know what that experience is all about.  The first day is the one that you will never forget because it was hard both physically and mentally.

Receiving a large sum of money through an inheritance or other windfall can be stressful, exciting, and confusing all at once. Managing a large sum of cash can seem overwhelming, particularly if it’s an experience you’ve never had before.

In April 2018 Facebook’s CEO, Mark Zuckerberg’s admittance of Facebook user’s data used by Cambridge Analytica in our last presidential election has caused an emotional reaction in Americans and lawmakers alike.

We all desire the flexible lifestyle, to not work or work when we want. Wouldn’t it be great to spend more of our lives not working than working?

Despite the fallout to investor’s portfolios, job losses, and the overall downward turn of the American economy during the recession, we have benefitted from relatively low inflation rates.

2017 was a bad year for the credit industry- data breaches and multiple lawsuits.  But it’s becoming apparent that Americans overall are going to have a worse 2018 compared to last year as the trend of acquiring more debt increases.

Many Americans have already filed their taxes for 2017, but the majority will be filing this month and finding out how the new tax plan is impacting them (if at all) for this spring’s filing.

The ability for a business to offer a 401(k) plan is often seen as the benchmark of a large, successful company.

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.

For some people retirement is all about the numbers; the age you plan to retire, how much money you need, and so forth.

If you’re considering alternative investments this year, you should thoroughly think through the consequences of investing in some of the most popular ones in the media.

A Quick Guide to Saving in 2018 Start Saving More NOW! If you started saving for retirement early, chances are you’ll hit your retirement goal. If you’re like most Americans, you didn’t start right away and are playing ‘catch-up’!

With a one in five chance of living beyond our 90 th birthday, planning for a successful retirement and healthy aging should be something we all do.

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 Starting of the New Year has many of us making resolutions to make changes in some part of our lives. Whether it is health or money related, starting the New Year off with a plan feels good!

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.