Archive - December 2017

1
Avoid Post-Holiday Spending Guilt
2
Is A Donor Advised Fund Right for You?
3
How to Build Wealth
4
The Passing of the Tax Cuts and Jobs Act – What You Should Know
5
Investment Moves to Make Before the Year Ends

Avoid Post-Holiday Spending Guilt

A day after many of us have unwrapped gifts and eaten too much, we may feel guilt for some of our excesses. There are ways to avoid the post-holiday guilt that people feel after the winter holidays. For some, it won’t hit until after New Years Day or some time early next year when bills arrive.

If you haven’t followed the financial planning advice you have heard this holiday season, you can still start the near year on stable footing.

Return and donate. Sometimes just looking at objects we don’t find useful or comforting can make us feel unhappy…and whether …

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Is A Donor Advised Fund Right for You?

Executive Summary: Setting up a Donor Advised Fund (DAF) for 2017 (before December 31, 2017) and front loading charitable deductions can save you thousands of dollars in taxes immediately, while directing distribution to charities in/for future years. Even if you decide not to establish a DAF, you should consider whether accelerating next year’s charitable contributions to 2017 makes sense for you, especially if you are phased out of itemizing deductions starting next year.

As you’ve heard by now, President Donald Trump has signed the Tax and Jobs Act of 2017, which mostly makes sweeping changes to tax rates and eliminates …

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How to Build Wealth

How you choose to spend or invest your money can have an impact on your net worth. Many of you are familiar with the net worth equation which is Assets – Liabilities = Net Worth. In other words, what you own, minus what you owe, equals what’s yours.

However, what is conventional wisdom isn’t always what’s best. What I mean is, just because something is generally known as an “asset” doesn’t mean it’s going to help your wealth. Here are a few examples.

  1. Your house. While generally considered an asset, and to some, an investment, your home can also drain
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The Passing of the Tax Cuts and Jobs Act – What You Should Know

THURS, DEC 21st, 2017

As you have likely seen in the news, The Tax Cuts and Jobs Act was passed by both the House and the Senate this week. This bill is widely expected to be signed into law by President Trump. The bill brings important changes to most American families – likely including yours.

At Albion Financial Group, we are not accountants nor are we attorneys. However, as a financial advisor, we want to make sure you are aware that this bill likely impacts you and that there are year-end actions that may be financially beneficial.  Most importantly, we …

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Investment Moves to Make Before the Year Ends

You should be looking into financial planning for the coming year but there are some things you can do before the clock strikes midnight on the last day of the year that will be beneficial.  Money magazine offers its readers “7 Investing Moves You Need to Make by December 31.”

If you got a raise, raise your retirement savings rate. It is easy to keep your savings rate the same, especially if you have automatic deductions through a 401(k) with an employer but Money advises:

“If you simply stay the course and fail to raise your contribution rate

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