My client, Alice, came in for her semi-annual review meeting recently and said (as many clients do), “I don’t like paying taxes.” Good news: You only pay taxes when you’ve made money. But that does not mean you should not try to minimize your taxes as much as possible. In Alice’s case, she was transitioning…
As my mom said to me during her first few months of retirement, “Retirement is a lot of work!” One of the most challenging and exciting life transitions is the shift from working years to retirement, but there are a lot of elements that need to be considered in the process. Retirement planning really begins…
If you’re a lover of the outdoors and thinking about where you want to live in your retirement, you probably already have some candidates. But have you considered the financial ramifications of living in those areas? While financial implications should not necessarily be your primary focus, you should consider such things as taxes and cost of living when making your decision.
As full time financial planners, our Wealth Managers spend a lot of time getting to know the daily struggles and triumphs of their clients, and have picked up a number of helpful life lessons along the way.
Here are our top seven:
Are you paying too much in taxes? Are you sure you have claimed every possible deduction? It is possible to do your taxes yourself — especially if you have a very simple tax situation — and there are tools available out there to help you. However, in this era of increasing specialization, there are some very good reasons to hand this responsibility off to a professional:
The 2012 election is over, and Americans find themselves in an unsure financial environment. The country is heading toward a “fiscal cliff” — a series of significant tax increases and automatic spending cuts that will be triggered at the end of the year. Congress and the President are negotiating a compromise solution to prevent that, but no one knows what it will involve, or if they’ll be successful at all.
Martha’s husband of almost 60 years passed away shortly before I started working with her. There were a number of financial issues to address after his death, and I was able to help take those off her shoulders so she could focus on coming to terms with her great personal loss.
Meet Jake Mason, one of the expert wealth managers at Pinnacle Advisory Group.