Hey everyone, Lance Elrod with Next Step Financial Transitions. Today, I wanted to talk to you a little bit about life insurance – I know it’s something that most people don’t like to or even enjoy talking about, but let’s face it, we’re not all invincible! So, there is a need to protect; protect not only yourself but protect your family as well.
Thanksgiving is next week, there’s already Christmas music on the radio, and Christmas and New Year’s are only a hop, skip, and a jump away, which means the end of the year is fast approaching! That also means the end of the 2021 Tax Year is fast approaching. So, we’ve got four year-end tax considerations for you to consider.
The question tends to come up not just when, but why to hire a financial advisor? So, rather than answering that straightforward, let me answer it this way: when or why would you hire a fishing guide?
We are about to enter the Holidays and so I thought it was a good opportunity to hone in on giving; how we can build giving into our budget, how we identify where to give, and the tax benefits of giving.
Did you know there are ways to save tax-free for both medical costs and childcare costs?! That’s where an HSA (Health Savings Account) and an FSA (Flexible Spending Account) come into play. These are programs offered by employers that allow their employees to save with pre-tax dollars, and have those savings grow and be used towards medical expenses. Each of these accounts operates similarly, but also have their differences.
We recently had the new tax proposal, called the “American Families Plan”, come out a couple of weeks ago and yes, it does make some major tax changes. But two of the changes I want to point out that it is proposing…
If you have a loved one with disabilities, or you’re disabled yourself, you know that most of the same rules when it comes to saving, investing, and financial planning don’t necessarily apply to disabled individuals.
I have a question for you. What do you think of when I say Prenup or Postnup?
Based on the last year and a half we’ve had in the market, from the drastic drop to the rapid recovery, I really want to spend some time today talking about reallocation – what it is […]
There are lots of options when it comes to saving for college and we’re going to cover seven of them today.
