Is an all-cash diet a great idea for your financial health? An all-cash diet is all about cash. As part of this lifestyle change, you put down your cards and other digital wallet tools and rely solely on cash for all of your financial transactions. Remember, when it comes to meeting your long-term financial goals, it’s all about planning, and an all-cash diet is a great place to begin. Benefits…
Read More »When you open a small business, you make a commitment to become a jack of all trades. Not only are you in charge of the fun tasks such as product acquisition and marketing, but you are also stuck with the less desirable tasks of accounting and tax filing. If you are knocking it out of the park on social media and your business is quickly growing because everyone loves your products but you are struggling with the bookkeeping side of things, then these tips will help you improve your small business accounting:…
Read More »If you’re like many millennials, you haven’t been in the working world for very long — and you may even have just recently started your career. Like most people of your age, retirement seems so far in the distance that you have no immediate plans to begin an individual retirement savings program. Other factors may include heavy student loan debt and the skyrocketing cost of living in many of the nation’s urban areas, and if you’re affected by either or both of these conditions, you’re probably thinking that you need to take care of your immediate needs before stashing anything away for the future.…
Read More »If you have long wondered about how you should be managing your finances, you may be considering working with a financial planner. While some people feel discouraged when they discover that financial planners often require contractual payments for ongoing services, the good news is that some financial planners will actually work with you on an hourly basis. Here are a few situations where it could be advantageous to work with an hourly financial planner instead.…
Read More »As money begins to accumulate in your bank accounts, you may feel that investing your cash into mutual funds or stocks is important. Before putting money into various investments that don’t perform the way you expect, try these different financial planning suggestions. Use a Fee-Based Financial Planner Many first-time investors use commission-based financial planners. This means that a financial planner will earn commission from the various investment tools they recommend to clients.…
Read More »There are people who grow up in households that practice financial responsibility and hand these lessons down to their kids. Then there are people who grow up on the opposite end of the spectrum that do not have financial skills. In these households, children often saw bad financial practices or do not learn anything about money at all. If you grew up in a home that did not have adults that were able to teach you about finances, you may start out with a huge gap in knowledge.…
Read More »Part of going about your daily life involves planning ahead for your future needs. When you have the right plans and protection in place, it can make it easier for you to truly live and enjoy life. An estate planning attorney like Ally M. Glaser P.A. can help you outline your legal needs for the future so that you can do exactly that. If you don’t yet have an estate plan in place, it’s important to invest in one.…
Read More »It makes sense to plan to retire early, as you never know when you will actually need to retire. Planning on retiring early will allow you to build up the funds so when you need to retire, you can. You will not be putting in hard work past when you are capable of really handling that level of work. These tips can help you plan to retire early. #1 Pay Yourself When You Get a Raise…
Read More »Retirement planning entails a lot more than simply socking away money for the day you decide to stop working. There are a number of tax issues, and you also need to consider just what it’ll take to maintain a standard of living that you can enjoy. Let’s take a look at four of the most common ways people get tripped up during retirement planning. The Tax Man Cometh Knowing which types of retirement accounts call for you to pay taxes when you cash out is important.…
Read More »While you should be in periodic communication with your wealth management advisor even when your financial situation remains the same, sudden changes to your finances should prompt you to contact your advisor. If you experience any of the following life events, talk with your advisor so you can make any changes to your investments that are appropriate. Having a New Child Welcoming a new child into your family doesn’t change your income, but your family’s expenses will be impacted.…
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