CategoriesFinancial Planning, Income Tax Planning, Real Estate Investing, Retirement by

Should I Pay Off My Mortgage?

All the financial experts say debt is bad.

Should I pay off my mortgage as early as I can?

Sooner or later, every homeowner begins to dream about the day when they own their home free and clear. No more mortgage payments…extra money each month to invest…what’s not to love?

Even financial experts like Dave Ramsey are known for singing the praises of ridding yourself of any and all debt—including your mortgage.

Whether this is a realistic goal or not, it leaves many homeowners wondering, “Should I pay off my mortgage early?”

Unfortunately, there isn’t a simple yes or no answer, but I can (hopefully) put your mind at ease about getting out of debt. Read More

CategoriesFinancial Planning, Investor Behavior, Investor Education by

Everyone Has Their Own Investment Playbook

Unless you’re living under a rock, you know that Tom Brady has made it to the Super Bowl a few times. Ten, to be exact.

You may also know that he didn’t win all of those. In fact, he lost three of them. Even the GOAT of football had a strategy that didn’t work every single time. So what does that mean for your investment strategy? Read More

CategoriesFinancial Planning, Income Tax Planning by

How Charitable Contributions Affect Your Finances

When you donate money to charity, it not only can make a big difference in someone’s life, it can also reduce your tax liability by lowering your taxable income. Contributions are tax deductible only if made to a qualified organization.

Are you wondering how charitable contributions can affect your finances? Keep reading to find out how giving to charity can benefit your funds. Read More

How Do I Maximize My Social Security Benefits?
CategoriesFinancial Planning, Financial QB TV Videos, Retirement Income, Social Security by

How Do I Maximize My Social Security Benefits?

If you’ve worked for any portion of your life, you’re probably looking forward to the day when you can retire and collect your social security benefits. But you’ve also probably spent some time worrying if social security will be enough to cover your expenses.

Luckily, there are ways to maximize those benefits. Read More

Investing For Beginners
CategoriesFinancial Planning, Investor Behavior, Investor Education by

Investing For Beginners

Investing can seem a challenging world to break into, or even understand sometimes. There are ETFs, stocks, bonds, mutual funds, CDs…and who could forget the good ole annuity? However, investing for beginners doesn’t need to be so complicated.

Becoming an investor is simply preparing your money for the future. Whether that’s investing in stocks or moving your money into other investments, your money should be working towards your future. Read More

Traditional vs. Roth IRA
CategoriesFinancial Planning, Income Tax Planning, Retirement, Retirement Income, Roth IRA, Traditional IRA by

Traditional vs. Roth IRA: The Pros, Cons, and Everything in Between

Read on to learn the advantages and disadvantages of traditional vs. Roth IRA to make the right decision for your retirement.

 

Planning for one’s retirement is one of the best ways to make sure that you’ll have the means to support yourself and your family when you no longer have a paycheck. And the earlier you start planning, the more prepared you’re going to be.

One of the most important things to know about retirement planning is the difference between traditional vs Roth IRAs. By choosing the right kind of IRA, you could potentially end up saving yourself thousands of dollars.

If you’re interested in learning more about IRAs, then continue reading and we’ll take you through everything you’ll want to know! Read More

CategoriesFinancial Planning, Retirement, Retirement Income, Using A 401(k) by

What Is a 403b and Is It the Right Option For You?

A 401k retirement plan has been a standard part of employee benefits packages since the late 1970s. This type of retirement plan involves withholding contributions from each worker’s paycheck and holding those monies tax-deferred in an investment account until that worker retires. 

Nonprofit, tax-exempt organizations were not able to offer 401k plans to their workers until 1996. Before that year, the only employer-sponsored option for nonprofits and their employees was known as a 403b plan.

The 403b plan is still an option for nonprofit workers and exists alongside traditional 401k offerings. But what is a 403b, exactly, and is it a good investment? Read on to find out.

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CategoriesFinancial Planning, Income Planning, Retirement, Retirement Income, Roth IRA by

What Is a Roth IRA? Everything You Need to Know

Apparently, most Americans are not prepared for retirement. While these people may not be terribly concerned about their future at this point in their lives, many are in for a rude awakening when their income suddenly drops dramatically. 

By having an individual retirement account (IRA), you can diversify your portfolio and prepare your finances for your future. You might not know this, but there are actually two different kinds of IRAs: the traditional IRA and the Roth IRA. 

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