By Darren Wurz Most people only think about taxes when it’s time to file their annual returns. But as an attorney or law firm owner, you cannot afford to put your taxes on the back burner. From self-employment taxes to employee taxes and quarterly estimated taxes, there’s a lot to keep track of, especially if your monthly income varies. To make the most of your irregular income, … [Read more...]
3 Reasons Why Inflation Is So High & How to Tell if It Will Last
3 Reasons Why Inflation Is So High & How to Tell if It Will Last
It’s no secret that inflation is wreaking havoc on Americans’ spending right now. Commentators and analysts have been busy discussing the dramatic rise of inflation and whether it is “persistent” or “transitory.” What may have seemed like a slight inconvenience at first is now becoming a much larger issue as people watch their buying power degrade right before their eyes. As the holiday season … [Read more...]
How Does an Independent Financial Advisor Benefit You?
How Does an Independent Financial Advisor Benefit You?
When it comes to your finances, finding a reliable professional to help you sort things out can be a lot of work. You want to make sure they’re looking out for you and your best interests at all times, but you also want to know that they’re trustworthy and consistent. Choosing the right advisor can seem like a guessing game, but there are ways to tell the difference between those who are worth … [Read more...]
The Stealth IRA: Health Savings Accounts
The Stealth IRA: Health Savings Accounts
Are you making the most of your retirement savings? You’ve probably heard that question a million times! Conventional wisdom will tell you to max out contributions to your 401(k), 403(b), and IRA accounts. But what do you know about health savings accounts (HSAs) and, more importantly, their application as tax-advantaged retirement vehicles? Research suggests that HSAs are vastly under-utilized, … [Read more...]
Important Financial Lessons I Learned From My Dad
Important Financial Lessons I Learned From My Dad
My dad is partly retired at the ripe old age of 57. Many people tell him he retired too early. But he did it because he could! How did he get there? By investing wisely and making simple but smart financial decisions. Below are some of the best financial lessons I learned from my dad. 1. No Risk, No Reward My dad has been through some very rough times in the market: the crash of 1987, the dot … [Read more...]
Do Your Friends And Family Need Financial Guidance? We’re Here To Help
Do Your Friends And Family Need Financial Guidance? We’re Here To Help
Things are changing quickly these days. With some states and counties experiencing the rapid spread of COVID-19, many children not returning to in-person school this fall, constant updates about the virus, and predictions about the future, to say this is a stressful and confusing time is an understatement! Even though life is going to look different for a while, we don’t want you to panic or lose … [Read more...]