Before Investing, Know the Rules of the Road In the past, we discussed with our clients their goals and objectives, risk tolerance, and what their timeline is for when they need the funds. We would then allocate the appropriate amount to the three major asset classes, cash, fixed income, and equity. Then, we will drill… Continue Reading: Before Investing, Know The Rules of the Road
Unless you file for an extension, your 2025 Income Tax Return is due on April 15, 2026. And, if you are getting a refund, you want to file as soon as you can. We wrote about this earlier with our 7 Practical Steps to File Your 2025 Income Tax Return. The Internal Revenue Service (IRS)… Continue Reading: 3 Practical Things to Do with Your Tax Refund
Here are 3 Financial Planning Lessons all of the Average Joe’s Will Love. The movie Dodgeball: A True Underdog Story came out in 2004. It’s a story about gym owner Peter Lafleur (Vince Vaughn) trying to save his gym. The gym is very behind on its bank loan and Peter is concerned it will be… Continue Reading: 3 Financial Planning Lessons all of the Average Joe’s Will Love
Here are 3 Practical Reasons for your coming Social Security haircut. Short History of Social Security The government formed the Social Security System in 1935. Monthly benefits began in 1940. As part of President Franklin Delano Roosevelt’s New Deal during the Great Depression, this initiative aimed to provide economic relief and reform. In 1950, a… Continue Reading: 3 Practical Reasons for Your Coming Social Security Haircut
Determine Roth IRA Eligibility Investors with earned income may be able to contribute to a Roth IRA. For 2025, the maximum Roth IRA contribution is $7,000. If you are aged 50 or older, you can make an additional $1,000 catchup contribution. For 2026, the maximum Roth IRA contribution is $7,500. And in 2026 for those… Continue Reading: Practical Steps to Fund a Backdoor Roth IRA Conversion
Diet and exercise, that’s what my doctor tells me after my annual physical exam: Every. Single. Time. When I press her on this, she offers a deeper insight – something like “portion control.” Seriously? Who would have thought? It sounds incredibly straightforward. But is it really that easy to put into practice? It may be… Continue Reading: Everyone Knows You Need to Diet and Exercise
Here are 3 simple reasons to avoid private equity in your 401(k). Private equity is all the rage now. I should clarify that. It is all the rage about having private equity offered to all the Average Joe’s through their 401(k) plans at work. Wait, what? Yes, it is possible you may be given the… Continue Reading: 3 Simple Reasons to Avoid Private Equity in Your 401(k)
Here are Practical Reasons for Partial, Annual Roth IRA Conversions. We have already highlighted to you IRA versus Roth IRA. What You Need to Know. Now we want to discuss why some investors should consider partial, annual Roth IRA conversions. A Roth Conversion A Roth conversion is when funds are distributed from a Traditional Individual… Continue Reading: Practical Reasons for a Partial, Annual Roth IRA Conversions
The first half of the year is in the books. Here are Practical Financial Moves for the Second Half of the Year. As you may recall, at the beginning of the year, we gave you 3 Reasons to Skip the Financial New Years Resolutions This Year. Additionally, we are not there yet, but to prepare,… Continue Reading: Practical Financial Moves for the Second Half of the Year
Local Raymond James Financial Advisor Thomas F. Scanlon, CFP, CPA of Manchester, CT quoted by CNBC.com on November 25, 2022. 3 lesser-known ways to trim your 2022 tax bill or boost your refund before year-end PUBLISHED FRI, NOV 25 202212:19 PM EST BY KATE DORE FOR CNBC After nearly a year of high inflation, rising… Continue Reading: CNBC Quotes Tom About Maximizing Your Tax Bracket