Simplicity Digital Advisor

19
Sep

Charitable Giving in Your Financial Plan

As you grow your wealth, you may find the desire to give back. That’s where charitable giving comes in. Charitable giving can allow you to support causes and organizations you believe in while reducing your income tax, capital gains, and estate taxes. Here are several ways to incorporate charitable giving into your overall financial plan:

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12
Sep

College Planning as Part of Your Financial Plan

While there’s no obligation to pay for your child’s or grandchild’s college education. Helping them fund some or all of it can allow them to avoid overwhelming amounts of student loan debt. It can also help them to begin adulthood on the right foot.

Here are some tips if you’re interested in incorporating college planning into your financial plan:

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5
Sep

Budgeting for Travel in Retirement

If you love to travel and immerse yourself in new cultures and experiences, there’s a good chance you’re looking forward to traveling in retirement.

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29
Aug

The Do’s and Don’ts of Reducing Debt

According to one study, the average American has $90,460 in debt, which includes all types of consumer debt, such as credit cards, personal loans, and car loans.

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22
Aug

The Impact of Inflation on a 401(k)

In simple terms, inflation is the rate at which the cost of goods and services rises. Due to inflation, it costs more money to buy groceries, gas, or anything else than it did in the past. Inflation can also affect your retirement savings as stocks, and other investments don’t automatically adjust for it. Rising inflation means your investments will have to work harder to keep pace. The extent to which inflation will impact your 401(k) will depend on several factors, like your investing strategy and how close you are to retirement.

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12
Aug

Year-End Planning Part 2

The challenges we face push us to progress.

 

“The only guarantee, ever, is that things will go wrong. The only thing we can use to mitigate this is anticipation. Because the only variable we control completely is ourselves.”

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11
Aug

Year-End Tax Planning

“Your life journey is about learning to become more of who you are and fulfilling the highest, truest expression of yourself as a human being. That’s why you’re here.”. – Oprah Winfrey

 

This is a significant part of our journey on this earth.  We explore.  We experiment.  We fail.  We win.  We serve others.  We contribute.

 

This is the sense of freedom I believe we all would like to obtain by leveraging our resources for what matters most to us.  This includes our time, networks, colleagues, and certainly our wealth.  However, much of the typical advice surrounding our finances takes wealth away from us and our ability to impact and contribute how we wish.

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11
Aug

Winning with Real Estate Part 2

The U.S. Navy SEALs have a saying: “Get comfortable being uncomfortable.” If you can be comfortable being uncomfortable, you’ll be prepared to handle whatever situation comes along in your own life. Now, you don’t have to subject yourself to the extremes these individuals do, but progressing in any part life will likely require you go through some uncomfortable stages.

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11
Aug

Winning with Real Estate Part 1

Richard Kiyosaki, author of the best seller of “Rich Dad, Poor Dad” typically states that there are three sides to every coin (Heads, Tails, and The Edge). Your ability to understand contrasting points of view and your ability to glean what information you believe to be valuable from each side is a crucial skill.

This is key in all aspects of your life that you deem important and is especially important as it relates to your personal finances and wealth. Yes, it will require you take responsibility for your success, but the control, wisdom, and wealth can be so rewarding. Let’s get to work.

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10
Aug

Why Time Is Your Scarest Resource

In the fast paced world we live, it requires that we become professional jugglers. We have to balance so much from work, our businesses, family, finances, health, relationships, and even our hobbies. For many it may feel there just isn’t enough time to manage it all and have time for ourselves.

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