These words have just been sitting heavy with me lately. As I think about them it has so many different meanings and is something, I just wanted to share. 1. Do Not Lose Sight of the Finish Line - The end of the year is in sight so make sure to complete any goal or projects you wanted to complete this year. Too many people run out of strength and do not complete things that they start. Take...
If you missed our Money Mastery webinar series or just want to revisit any portion of the series given by our CERTIFIED FINANCIAL PLANNER™ (CFP®) professionals, the replays are now available OnDemand by clicking the links below. Connecting the Dots to Your Financial Future (Part 1) – Learn the importance of creating a budget, strategies to pay down debt, and tips to build and maintain good...
This time of year, it is important for high school Seniors (and Juniors) to consider their plans after high school. The FAFSA process begins on October 1st and check out our recent blog post for more information. Below are some things to consider whether to go to college or not as well as what majors to consider. Below are jobs considered the best to have for the future: JobGrowth Rate...
If you or a child plans on attending college for the 2021-2022 school year (i.e. next fall) the most important step is to start the process early for financial aid. The first step is to complete the FAFSA, which is the government form used to determine how much financial aid the student may qualify for. Who Should Complete The FAFSA? High school seniors planning on attending college next fall or...
Self-improvement is always important and part of personal growth. One skill that is not taught enough and very important is improving negotiating skills. This can help you in almost every aspect of your life. Negotiating is an essential skill for your financial health to help you pay less for items like a new car and to help you get raises or better job offers. Do not make it hostile. If you...
There may be potentially a way for you to put up to $37,500 in a Roth IRA or Roth 401(k) this year. The goal here is to put as much money as possible into a Roth account to take full advantage of the tax-free growth. This is a wonderful strategy for the lucky few who qualify and can take advantage of it. The reality is that your employer-sponsored plan may not allow it. Let us take a closer look...
We are now a few weeks from officially being in fall. This is the time of year to begin tax planning for your 2020 taxes. The mistake most people make is they do not plan for taxes until after the new year and by then there is little to no planning that can be done. Below is a helpful checklist with important deadlines to be aware of to help you with year-end tax planning: October 1st Establish...
You started the week with Labor Day and get to end the week with Retirement – Happy National 401(k) Day! Now is the perfect time to make sure you’re taking full advantage of your employer’s sponsored retirement plan. You can make pre-tax contributions to the retirement plan through payroll deductions. "Pre-tax" means that your contributions are deducted from your pay and contributed into your...
After great reviews from our Summer Webinar Series, we are pleased to announce a complimentary follow-up slated for the rest of September (kicking off next week, September 15th, at 3:30 PM PDT) – this time focusing on financial literacy, and meant for those in their teenage years through mid-career. While a great program to watch on your own, for those with children this entire series is geared...
A few weeks ago, President Trump signed four executive orders to act as a bridge until more permanent measures for coronavirus aide are passed by Congress. The least understood of these gave employers the option to defer the employee-only portion of 6.2% for Social Security tax for employees that typically earn less than $104,000. This deferral is allowed from September 1st through December 31st...
We are in the middle of election season and emotions are very high. I know many clients are nervous and considering making financial decisions based upon who wins the presidency. This is all too common and the chart below from J.P. Morgan highlights the relationship of consumer confidence and political affiliation. What is interesting is you can see that consumer confidence is directly...
California has a long history of starting trends and new fads. One trend that has been growing has been the idea of extra taxes on the wealthy and Rob Bonta (D-Oakland) and others have proposed a new tax on the wealthy that we have not seen before. The tax would be based on a taxpayer’s net worth (not income) and applied annually. Wealth Tax Basics The new tax rate of 0.4% would be applied to an...
It seems like living with high stress is just an accepted part of the American lifestyle. A survey by Gallup in 2019 found that Americans are among the most stressed people in the world. I think it is safe to assume 2020 has only increased this exponentially for most people. If stress is not effectively managed it has an impact on our mental wellness and leads to increased physiological problems...
When is a government fee not really a fee? When it is a tax in disguise! This is exactly what the two government-sponsored mortgage agencies were going to put into effect beginning September 1st. Freddie Mac and Fannie Mae were going to charge homeowners a ½ of 1% fee to refinance their homes because they want to make up for losses due to foreclosures and non-payments during the COVID-19...
Your credit score is one of the most important numbers in your life. And it's important to know how to manage it. Watch this video by clicking here to learn more.
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