Money Matter$

Your house was worth $400,000 at the beginning of 2021, yet now it may be worth $500,000. Do you need to increase your homeowners insurance? You might.

For the last 90 years, the S&P 500 has an average return of close to 10% . The S&P 500 is an index made of the 500 largest companies in the United States. These days people expect the stock markets to always go up and to increase in value. What if they go down?

A good financial advisor can help you in many ways: manage your investments, assist in major financial decisions like buying a car or a house, find the opportune time to retire, figure out how to get the most out of social security, and one of my favorites: legally avoid and lower taxes when possible. This is where sharing and reviewing your income tax return becomes an important part of what we can do for you.

At age 72, the government is ready to begin collecting tax on all of your deferred income and growth inside your IRAs and 401(k)s but you want to avoid paying the tax. What can you do? There are a least four legitimate strategies to delay or avoid taking RMDs.

People go crazy around Christmas time when it comes to buying presents for themselves and others. There are so many great “deals”, especially on new phones. Last year, Brett Arends of MarketWatch.com, put the lifetime “opportunity cost” of always owning the latest iPhone at close to $300,000.

Congratulations, you are in your twenties and you are ready to start building wealth! Fantastic; let’s get started. The plan to build wealth is simple, the difficulty is following through on the plan. Let’s start with the easy part: The Plan.