Right about now we are all thinking about filing our 2019 taxes. It’s important to remember though, that the new tax year begins on January 1st and you should be aware of what the new tax year brings. Certain deductions stayed the same, but standard deductions, income thresholds for tax brackets, certain tax credits, and retirement savings limits increased. To...
Read MoreIn January we like to make resolutions for the new year; be sure include becoming financially healthier as one of those resolutions. Here are six measures for financial health: Net Worth: assets minus liabilities;Savings Rate: portion of your income you save each month;Debt-to-Income (DTI) Ratio: all monthly debt payments divided by your gross income;Credit Score:...
Read MoreYou may feel a tension amongst workers and some signs may be obvious, but a toxic work environment is something to be aware of. Here are eight not so obvious things to watch for: People’s true thoughts are revealed in the meeting after the meeting;Too little dissension;Promotions only happen to one type of person;Underperformers are overlooked;Talk is all...
Read MoreDelaying social security payments until 70 years of age when they max out is a desirable choice — if you can swing it. Using a ‘bridge’ strategy until you take social security payments can literally pay off by maximizing the benefits you will receive. If you aren’t sure about the bridge strategy, check out this Q&A by reading the...
Read MoreIf you are new to writing a business plan, a good tip is not to get hung up on it and overthink things. Here are six things that are important to consider, before you start writing: Why do you want to start a business and how will measure success?What resources do you currently have to start your business?What resources do you still need to start the minimum viable...
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