CategoriesFinancial Planning, Financial QB TV Videos, Income Tax Planning by

IRS Audits More Low-Income Families

A new report by Syracuse University’s Transactional Records Access Clearinghouse (TRAC), a nonprofit data and research gathering organization, found that the IRS may target low income earners more often than high income earners for an audit. Indeed, during FY 2022, the odds a millionaire was audited by an IRS revenue agent was just 1.1 percent while low-income families have a 1.27% audit rate.

The IRS may target low-income earners more often than high income earners for an audit for several reasons. Read More

CategoriesFinancial Planning, Financial QB TV Videos, Retirement Income by

A Dog is Great for Your Retirement

We all know that in the grand scheme of things, retirement is an incredibly important part of life. It’s a time when we can finally live our lives how we want to, with no one to answer to but ourselves.

There are some obvious sure ways to have a successful retirement. Strategies like making sure to have protected reliable income, a diversified portfolio, reducing your taxes, are solid a solid start.

But what if you could make your retirement even more enjoyable? What if you could have a better quality of life during your golden years? Read More

CategoriesAsset Allocation, Financial Planning, Financial QB TV Videos, Investor Behavior, Rebalancing, Retirement, Retirement Income, Risk, The Stock Market by

It’s Not About Your Feelings

by Richard E. Reyes, CFP

Being impulsive is obviously a no win game. But being apathetic will leave you unprepared. It just takes one dip in the economy or one news story to test investors and I hope you don’t make an extreme decision based on a “feeling”! Read More

CategoriesCoaching, Financial QB TV Videos, Investor Behavior, Retirement, Retirement Income by

Check Your Cover; Medicare Mistakes

by Richard E. Reyes, CFP

Its that time of year. Medicare annual enrollment. Here is why its important to check your coverage. 90% to 95% of beneficiaries OVERPAY because they don’t have the right information.

10 to 15 minutes will get you moving in the right direction. Call Don Kirkendall at our office or e-mail him at insuranceman@affordableone.com. Read More