News

1
Aug

The Impact of Financial Mistakes

The Impact of Financial Mistakes

“I think making mistakes and discovering them for yourself is of great value, but to have someone else to point out your mistakes is a shortcut of the process.”

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29
Jul

The Hierarchy of Wealth

How strong is your financial foundation?

“You can’t build a great building on a weak foundation.  You must have a solid foundation if you’re going to have a strong superstructure.”  Gordon B. Hinckley

As it relates to our financial wealth, we must have a strong foundation to ensure our financial house doesn’t come crashing down on us when something signficant happens in the market.

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29
Jul

The Best Way to Pay for a Car (or anything for that matter)

“You finance everything you buy – you either pay interest to someone else or give up interest you could have earned otherwise”.
– R. Nelson Nash (author of Becoming your Own Banker)

When the topic of personal finances is discussed, the typical focus is on earning a higher rate of return on an investment. However, it’s much more important to think about how you use your money as opposed to where you place it.

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29
Jul

The Family Bank Guide

This past weekend I was fortunate enough to visit my hometown in New Jersey and share quality time with my younger son.  We also got to visit with my mother who is living in the area. It was so great to see her and bond with my son.

Just like many Americans it’s been well over a year since seeing our close family and friends.  However, with more and more people getting vaccinated, we’re started to see some of the freedoms we are accustomed to enjoying open up again.  I think we’ll all have a greater appreciation of the little things and especially for those who mean the most to us.

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28
Jul

Taxes Are Still on Sale

With more and more Americans obtaining their vaccinations for the COVID virus and businesses starting to open up, there is a sense of optimism that we will soon get back to “normal” soon. Living in this pandemic has certainly highlighted how precious our freedoms are, and that they should not be taken for granted. With the hopes of brighter days, there’s another looming event coming that may not be as positive.

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28
Jul

Taxes are on sale – holidays

With frenzy of the holiday season in full swing, everyone is looking for the best deals. Who doesn’t like saving some cash?

In 2012, Dr. Paul J. Zak, professor of Neuroeconomics at Claremont Graduate University led a study to learn how coupons impact people’s happiness, health, and stress. It was discovered that coupon recipients who got a $10 voucher experienced a 38 percent rise in oxytocin levels and were 11 percent happier than those who did not receive a coupon.

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28
Jul

Tax Proposals – Biden

Key Takeaways

No one knows exactly what the new tax landscape will bring. But most rates will be going up—not down—for affluent, successful people.
Just know there are still plenty of ways to ensure you remain on track to meet your financial and retirement goals.

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27
Jul

Tax Code is Your Friend

“Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes.” Benjamin Franklin

With the extended deadline to file 2020 taxes now gone, it may have felt that the full year with focused on filing your taxes.

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27
Jul

Taking Stock Don’t Cash Out Just Because Everyone Says It’s a Great Time to Sell

Key Takeaways

  • Tax rates are likely going up across the board in 2022.
  • But don’t sell your stocks, bonds, home or even business just to beat higher capital gains rates.
  • Real estate, commodities and precious metals tend to hold up well during inflationary times. Have you considered Whole Life insurance for your safe dollars?

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27
Jul

Take Control and Supercharge Your Wealth

Just like me, I suspect you also have the desire to feel in control of your money and wealth.  You want to be able to feel confident you’re making the right financial decisions for yourself and your family, so you can lead a happy and prosperous life.  We all want that. However, it may seem a difficult task with all we have to manage already.

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