Ask an Advisor: About New Year’s Resolutions

Rose Price, CFP® AIF® Finance

What are the Most Important Financial Resolutions I Should Have for 2021? Everyone has different priorities but here are the top four I recommend:  Protect Your Estate  Review and update your estate documents. The primary purpose of a will is to ensure that your assets are distributed to whomever you choose, in the amount and manner that you choose. You …

Ask An Advisor: Year-End Financial Planning Checklist

Daniel P. Lash, CFP®, AIF® Finance

The end of the year can be busy, but there are a few things you should review every year to make sure you are making the most of your money. Below is a list of items I review with my clients that you may find helpful as this year draws to a close.   Investments Review Tax Losses If you …

Ask An Advisor: Consider Tax Loss Harvesting in Taxable Accounts

Dan Lash, CFP®, AIF® Finance

This strategy potentially turns your investment losses into tax breaks. If you invest in taxable accounts you are probably familiar with capital gains taxes. To “harvest“ losses you sell investments at a loss and then use those losses to offset realized investment gains in the same year. The key is to make a lateral move in your account and use …

Ask an Advisor: About Roth IRAs

Bruce Vaughn - VLP Finance

What is a Roth IRA and how is it different from a Traditional Individual Retirement Account? Both Traditional and Roth IRAs are dedicated retirement accounts, with a few key differences: Tax Incentives: While both Roth and Traditional IRAs include tax incentives, the timing of when you receive those benefits differs. With Traditional IRAs, the benefit comes at the front end. Contributions …

Ask An Advisor About Investing During the COVID-19 Market Downturn

Rose Price, CFP®, AIF® Finance

We asked the advisors at local firm, VLP Financial Advisors on what investment advice that have or strategies they recommend during the recent market downturn. Buy Low (If you Can)  Warren Buffett said “Try to be fearful when others are greedy and greedy only when others are fearful”.  With these words in mind, a downturn can be seen as a …

Ask an Advisor About Picking Investments in Your Company’s 401(k)

Belle Schneider Finance

If your company offers a 401(k) retirement plan as a benefit you may have questions about choosing your investment options. Everyone’s situation is unique, but unique doesn’t have to mean complicated or time-consuming. In most company sponsored 401(k)’s your investment options are limited. Typically you have two options: creating a diversified portfolio from the mutual fund options available in your plan, …

Ask An Advisor About: Investing during the COVID-19 Market downturn

VLP Financial Advisors Finance

We asked the advisors at local firm, VLP Financial Advisors on what investment advice that have or strategies they recommend during the recent market downturn. Don’t try to Time the Market Belle Osvath, CFP®, AIF® Your instincts might prompt you to pull your money out of the market when values fall and then re-enter when markets are recovering, attempting to …

Ask an Advisor: What is Financial Wellness?

VLP Financial Advisors Finance

Financial wellness is a holistic approach to personal finance that is focused on you gaining the knowledge and skills necessary to manage your money and make smart financial decisions in your everyday life. True financial wellness encompasses everything from saving enough for retirement and your children’s education to knowing you have a plan in place to protect your family financially …

May Update from Turner, Leins & Gold, LLC

Turner, Leins & Gold, LLC Finance

COVID-19 uncertainty abounds for everyone. This month’s newsletter provides a round-up of tax-related laws to help with tax planning for 2020 as we all navigate the coronavirus pandemic. Also in this edition are ways to track your stimulus payment, tips to find cash, and how to protect your video conference meetings from unwanted visitors. Please call if you would like …

Your Weekly Tax Tip: Beware: COVID-19 Tax Scams are Here

Turner, Leins & Gold, LLC Finance

Economic impact payments bring out thieves The IRS is warning you to be on the lookout for a surge of calls and e-mail phishing attempts related to the coronavirus pandemic and the one-time economic impact payment. It can come in many forms The IRS says that scammers may do the following when trying to contact you: Emphasize the words stimulus …