In an ideal world, the basis for all important decisions in your financial life will be guided by a quality financial plan. My financial planning process is engaging, fun, satisfying and enlightening. We will create a roadmap, a wooded trail, a path in the sand or whatever kind of markers you want to move you forward to what you desire. Protecting you while you build your assets and protecting what you’ve built are foundational components of planning and will be another of our important conversations.
Many years of your life are spent saving, investing and accumulating resources you intend hopefully to enjoy later. One of the better ways to assure your vision is to work with a financial planner. This is a very important area - investing and retirement. It’s a time to establish, accumulate and maintain effective investment strategies and personalized solutions so your assets obtain equitable risk-adjusted growth and ultimately provide an abundance of income for you to thrive over your lifetime.
We give in many ways throughout our lives; some giving with great intention and passion for their causes. Some are interested in making a difference over multiple generations. The areas of estate and legacy planning are important and very collaborative. What you’ve built now needs financial tools and estate strategies as well as patient holistic conversations. At best, it takes place with a client-centric team including me, your family, other advisors and your estate and philanthropic intentions.
Remember way back to your first paycheck. The moment you open the envelope anticipating the windfall when all your hard work pays off. Then, like a swift kick to your gut, realty hits. Your takeaway earnings are almost always way lower than what you expected.
When people warn you that having kids is expensive, it’s no joke. From diapers to food, braces to sports activities the costs add up quick. For a middle-income family in the U.S. raising a child up until age 18, costs an estimated average of $245,340 (or $304,480, adjusted for projected inflation), according to the 2013 “Cost of Raising a Child” report from the U.S.
The tax code, with all of its hundreds of pages of regulations, stipulations, and loopholes always leave something be learned. Not only is the U.S. Internal Revenue Code massive, different write-offs and deductions occur at different stages in life, so it’s unsurprising if you don’t know the details of the IRA (Individual Retirement Account) charitable rollover.
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