Is it your goal to quit work by age 55? Or even 50 perhaps? This video will cover several important considerations for you, particularly tax implications.
Archives for May 2018
Anyone who owns assets needs to do estate planning. This can be as simple as an I-to-you will, or involve a series of complex trusts. An integral part of financial planning, the disposition of one’s assets is just as important as the accumulation of those assets.
The beautiful thing about saving through payroll deductions is that you don’t even feel it – the money is gone before you get a chance to spend it. Pay period by pay period, the account grows, and over a working lifetime significant sums can be accumulated.
We’ve heard it said that a plan without insurance is a bet. There’s lots of truth in that. Fundamentally, if someone else is depending upon you for a living, then you need life insurance.
This is the starting point for any financial planning – you must understand your cash flows. If the inflows and outflows don’t balance at the end of the month, there are only two options: increase income, or decrease expenses. We’ll explain.
The rules are more complex than you think, but we do our best to break it down for you. The IRA remains a terrific saving vehicle for retirement, and perhaps even a possible tax deduction.
This video shows you the basic flow behind income tax reporting, focusing on itemized deductions.
When applying for credit, a lender will pull your credit score, also known as FICO score. FICO is simply an acronym for the Fair Isaac Company, which developed the scoring system. We’ll give you the details in this video.
You’ve saved a down payment and want to get a mortgage. But considering taxes and insurance, just how much of a mortgage payment can you take on? We’ll give you some things to think seriously about in this video.
This is part 1 of a 3-part series on being able to afford a long-term illness. Thanks to our guest presenter, insurance specialist Arthur Cohen, for bringing us this information.