Category - Family Finances

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Don’t lose everything…financial planning for the unexpected
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Potential new #401k and #IRA rules? #Taxes #Retirement
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Moving from “tax” prep to “life” prep
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Why you should get to know your insurance agent!
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Did you know the Serenity Prayer applies to your financial plan?

Don’t lose everything…financial planning for the unexpected

I love those articles that tell you everything you’re doing is wrong. Lifehacker had a decent one yesterday on how to wash your hair, swallow pills, do laundry, etc. One of the things you may be doing wrong is your will.

You do have a will, right? If so, you’re the exception to about 75% of the people I see. I see it so often that I have developed a boilerplate recommendation to include in my client reports. So don’t pay me to tell you what you already know! Get a will, health care advanced directive, and powers of attorney …

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Potential new #401k and #IRA rules? #Taxes #Retirement

The post Potential new #401k and #IRA rules? #Taxes #Retirement appeared first on Yardley Wealth Management, LLC.

There is recent breaking news on the retirement plan rules front. The House passed a bill that would change some of the rules around 401(k)s and IRAs.

It will do some nice things. The Senate still needs to pass it and the President still needs to sign it. Given how overwhelmingly the House passed it, it seems like there’s a good chance it could become law.

One change is that it would allow people to continue making IRA contributions past 70 1/2, …

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Moving from “tax” prep to “life” prep

At this time of year, everyone becomes a master at document gathering.  There is a shoe box or a filing system or a folder on your laptop to hold all the tax-related documents which are needed to complete your income tax returns.  It requires a diligent attitude to ensure nothing has been neglected or omitted which is important to the outcome of the bottom line.  Once the taxes have been submitted for the year, there is always a sigh of relief in getting to completion.

Before you pack everything up and put it away for another year, take a step …

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Why you should get to know your insurance agent!

When was the last time you met with your Property & Casualty Insurance agent? Here’s why you should get to know them.

For many of us, our insurance agent is a name on an insurance card, the person we would call if we were ever involved in an accident or if we had a claim to file. The reason we need to get to know our agent is so that they can get to know us and therefore ensure that we are insured appropriately.

I recently spent about an hour in my insurance agent’s office to complete a thorough review …

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Did you know the Serenity Prayer applies to your financial plan?

Many of us are familiar with the Serenity Prayer.  Most individuals understand there are areas of their lives which they can’t control, as well as areas which are entirely within their control.  Thankfully, having the serenity to accept, the courage to change and the wisdom to know the difference might just make the financial journey more enjoyable.

In financial planning, there are aspects which are “known” and entirely in your control.  There are also those things which are “assumed”, that may or may not be in your control and that can lead to an uncertain outcome.    A well-constructed plan dives …

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