5 Reasons why 529’s are a waste of time Unless you are getting other people like grandparents to contribute money to your child’s 529 they are a waste of time for the following reasons: 1. They reduce the amount of endowment “free” money students can qualify for: Ex. With $100,000 in a 529 the first $25,000/year is on you! 2….read more →
Five Planning Issues Same-Sex Couples Should Discuss All couples in long-term relationships should discuss finances however gay and lesbian couples need to even more because of unclear and ever-changing rules. What is our current situation? Partners need to get on the same page as to their debt, how much and to whom do they owe money. How much do you…read more →
Many folks have employer-sponsored retirement accounts like a 401k or 403b which is a good thing. In fact, 80% of large companies offer a qualified (pre-tax) plan some of whom will match your contributions. That being said it’s wise to set up at least one other supplemental plan for yourself because; You will pay later for today’s tax break: You…read more →
Now that we are in the final month of 2016 it’s easy to get off track from our goals. Follow these 6 tips and with a little time and effort your 2017 finances will be more organized and less stressful. Organize your paperwork: It’s hard to feel in control when you can’t find anything. Gather all papers, shred duplicates/old statements…read more →
Following these 5 tips can save you money in 2016! Whether you are an individual and/or business owner, the following 5 tips can save you money in 2016! Maximize 401K deductions for 2016: Unlike IRA’s and SEP’s, 401K contributions can only be deducted in the tax year they are deposited. Taxpayers should check their pay stubs to make sure they…read more →
Six out of ten American’s will make some type of financial based New Year’s resolution for 2016. Usually there’s a triggering event like receiving your December 2015 credit card bill or spousal pressure to name two. Follow these tips; Consolidate Financial accounts: Close 1 or 2 existing financial accounts that you are not tracking or have insignificant monies in. This will…read more →
The Special Enrollment Period (SEP) for health insurance ends this Thursday April 30th. Most folks will have to wait until 10/1/2015 to enroll for coverage which starts on 1/1/2016 at the earliest. That’s 8 months with no coverage! What is the ‘SEP” special enrollment period? It’s a time outside of the open enrollment period during which you and your family…read more →
With spring finally here we are now thrust into “Wedding Season” in most parts of the country. For those folks tying the knot or are going to a wedding feel free to share these helpful tips. Click here to download the PDF with 7 tips. Newly married or know someone who is? Contact Robert today.
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