In the wake of COVID-19 it probably feels like everything is up in the air. But life goes on and despite any financial setbacks, it’s still possible to reassess your finances, find your footing, and push forward as you work towards any number of personal and financial goals. If your goal is buying a house, then considering this “Road Map to Home Ownership” from American Lifestyle. The article below provides budget tips for any soon-to-be homeowner as you begin your search for that dream house!  Read More →

Dear Valued Clients, We want to share information about the steps we’ve taken to minimize any potential impact to our clients as a result of the Coronavirus (COVID-19) situation and maximize our efforts to keep our team and clients safe. This event, first and foremost, has all of us focused on the safety and health of our families, friends, and clients. We are closely monitoring the rapidly changing data and facts associated with COVID-19 and the impact it is having both locally and around the world. We want to assure all of you that we have a Business Continuity Plan in place to minimize anyRead More →

Annuities in a nutshell Annuities are actually insurance contracts, issued by insurance companies, even though they do not work exactly like traditional types of insurance. Whereas life insurance pays out in the event of death, annuities pay out during life. There are many different types of annuities, and understanding one from another can be challenging. The first thing to know is that all annuities fall under one of two main types: immediate annuities and deferred annuities, and there are variations of each type. As you’ll see below, deferred annuities in particular can vary a great deal and require a more detailed explanation. Immediate annuities AnRead More →

There is an old saying, “Would you see a mechanic about a heart problem?” Of course not – you would go to a doctor, specifically a cardiologist. I believe that when you file for divorce, you should have a team of trained professionals to assist you. That brings me to the subject of this blog. Divorce Attorneys are not financial planners. They are highly educated legal professionals who have earned the privilege to provide legal advice. Unless your attorney has an LLM post-graduate degree in taxation, or other financial discipline, they may not know any more than you do about the best way to approachRead More →

It is a new year and a new start for your relationship with money. Money means different things to different people. Whether you like to admit it or not, it affects what you do, how you do it, and how you feel…EVERY-SINGLE-DAY. Can I make that bold enough for you? Because you can use money as a tool to live the life you want OR to keep you from living that life. A quick exercise you can do at home Directions: Write answers to the following questions. An embarrassing or negative money moment was: As a result, I made this limiting decision about me andRead More →

Roth or regular? While both kinds of IRAs have their place in retirement planning, here’s why you should consider a Roth. If you’ve been considering a Roth IRA as part of your retirement investment portfolio, now’s the time to start one. With tax-free growth and tax-free withdrawal opportunities, Roth IRAs provide investment flexibility to help you achieve both retirement goals and other financial goals. Here’s more on why a Roth should be part of your retirement investment mix: 1. You get tax-free growth and withdrawal Unlike a traditional IRA, contributions to a Roth are made using money that’s already been taxed. So, while there’s noRead More →

The three green leaves of the Shamrock is more than the unofficial symbol of Ireland and one of the marshmallows in Lucky Charms. The Shamrock has held meaning to most of Ireland’s historic cultures. The Druids believed the Shamrock was a sacred plant that could ward off evil. The Celtics believed the Shamrock had mystical properties due to the plant’s three heart-shaped leaves. The Celtics believed three was a sacred number. Some Christians also believed the Shamrock had special meaning- the three leaves representing the Holy Trinity. The opinions voiced in this material are for general information only and are not intended to provide specificRead More →

Budget Check Up: Tax Time Is the Right Time Every year, nearly 150 million households file their federal tax returns.¹ For many, the process involves digging through shoe boxes or manila folders full of receipts; gathering mortgage, retirement, and investment account statements; and relying on computer software to take advantage of every tax break the code permits. It seems a shame not to make the most of all that effort. Tax preparation may be the only time of year many households gather all their financial information in one place. That makes it a perfect time to take a critical look at how much money isRead More →

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  What is the Value of Your Business? According to Silver Grove Financial Group, Inc., in the first quarter of 2015, nearly 2,000 small businesses were sold. The median sale price was $200,000, up from $175,000 the year before. As a business owner, it’s important to be able to ascertain the value of your business when to comes to business succession, estate tax estimates, and qualifying for a loan. There are a number of valuation techniques to be employed. Below, we’ve outlined three different possible approaches to estimating the value of a business:     Asset Based. This method calculates the value of all tangible andRead More →