Over the last several years I have witnessed a rise in Employer-offered High Deductible Health Care (HDHC) plans. A Health Savings Account (HSA) typically comes hand in hand with an HDHC offering. An HSA is Similar to a Flexible Spending Account (FSA). They both provide a means to pay for medical … [Read more...]
Costly Tax Return Mistakes and Oversights
As a financial advisor who provides holistic, comprehensive financial planning, I’m often reviewing tax returns and completing tax forecasts. Below are a few costly mistakes and oversights I’ve witnessed throughout the years. 1) Rental property is not being depreciated.It is not a requirement to … [Read more...]
Cash is NOT King
“Okay, so you’ve got a car, that don’t impress me much,” Shania Twain. Many of us have witnessed it. That couple with the huge house, nice car and latest electronics. Then one day, the gig is up. The car is repossessed and the house is foreclosed. Sometimes they see it coming, and other times … [Read more...]
WAIT… Don’t Prepay Property Taxes Yet!
Don’t prepay your property taxes until you read this! As a financial advisor and CFP® Practioner I’ve had numerous discussions in the past few weeks about prepaying 2018 property taxes in 2017. Time is running out, this strategy is picking up steam and homeowners are practically sprinting to … [Read more...]
Winter is Coming
Ok, now that I have your attention...I actually mean Tax Reform is coming... As of Saturday (12/2/17), the Senate passed its version of the tax bill and earlier in November, the House passed theirs. Over the coming weeks, the two sides will work together to compromise on a bill. I've been … [Read more...]
