I sat down with a client last week, who is self-employed and facing a hefty tax bill for last year. I realized at that meeting that most of the self-employed are painfully unaware of the HUGE tax savings options they have. If you're self-employed, you have an option for significant retirement savings that is UNDER-UTILIZED, yet so extremely simple. Experts estimate that … [Read more...] about Self Employed? Save on Taxes for Last Year before April 15!
3 articles about topics all investors NEED to know... Save for Retirement EVEN IF You Don't Have a 401(k) Every working American can save for retirement. Just because your company doesn't offer a 401(k), doesn't mean you're out of luck. If you've never heard of SIMPLE, SEP, Roth or Traditional IRA's, we'd be very happy to fill you in! How to Avoid Outliving Your … [Read more...] about Simple Reads: No 401(k)?, Retirement Spending & LTC
The federal reserve raised interest rates on Wednesday by a quarter point, which is the third such rate increase in 2018. This always bring questions from investors; especially those planning for retirement. “Why is the fed raising rates and how will it affect me?” Raising rates is a show of strength in this economy. This is what the fed said: The Federal Reserve’s … [Read more...] about 10 Timeless Financial Tips
I recently read an article by Carrie Schwab-Pomerantz, the daughter of legendary businessman Charles Schwab. The article addressed the question: “What do I do if I got a late start on retirement savings?” It reminded me of a meeting I had last week… While meeting with a 50 yr. old prospective client who had recently closed down his business, we began discussing a … [Read more...] about Need to Put Retirement Savings on the Fast Track?
Small business owners/Independent workers are in a unique financial position! Financial Life is different when you're doing it on your own. I've always taken a "5 step" approach to handling it. Here's a recap of my 5 steps and an article from CNBC.com that can help you keep up with the independents! 1. Think in Percentages: alot a percentage of your monthly income to three … [Read more...] about How to Join the Ranks of Money-Savvy Independent Workers