When you were a kid, there were probably moments in life you couldn’t wait for. You know those times when you had butterflies in your stomach and couldn’t sleep at night because you were oozing with excitement and anticipation of that summer vacation, trip to Disney World, Christmas morning, or that big movie premiere.
Topics: Financial life guidance
Did your child attend summer camp or after school tutoring last year? You could be leaving money on the table if you aren’t utilizing the dependent care credit.
Topics: Dependent Care Credit
When you sit down with a financial advisor, you’re not expecting to be asked questions like, “What is your ideal life?” or “What things are most meaningful to you?”
Those types of questions are reserved for Oprah interviews, not financial planning sessions. You’re expecting to discuss investments, assets, tax returns, debt and retirement planning. What do those deep and probing inquiries have to do with managing your money?
No one wants to grow up to be a goal setter. But somewhere between high school and college graduation we realize, if we want to be that marine biologist or that fire fighter we always hoped for, we’re going to have to set a goal.
According to Bloomberg Businessweek, a venture backed startup is banking on the notion that millennials with money to invest want options that align closely with their social values and that they would rather use a robo advisor than a flesh and blood financial expert.
Topics: Tax prep
We have a client couple who are great savers. Not only do they save more than 15 percent of their income for future goals, they save money for their children.
Here I am investing in myself
Before you took the courageous leap into the world of self-employment and merely reported in to “The Company”, you probably didn’t give much thought to your home internet connection other than to bemoan its rising cost and decreasing speed. But now that you are on your own as an entrepreneur, that Fios bill is part of the cost of doing business and one the government wants you to deduct from what you pay in taxes.
If you’ve always had a sneaking suspicion that your financial advisor is profiting from his advice to you, you’re probably right.
You’re a smart, capable (successful even) grown-up. And yet tax time reduces you to a procrastinating, nail biting, crazy person.
Topics: Tax prep