Author - Richard T. Feight, CFP®

1
Simplify, Give, and Save
2
Tax Planning In A Recession
3
How Much Should You Be Saving?
4
Relationship Between Stock Picking and Fantasy Football
5
How Much Does Your Car Really Cost You?

Simplify, Give, and Save

The end of the the year can mean an influx of stuff and an outflow of dough. When the new year starts, we all have resolutions a plenty. One way to counter clutter, simplify your life, and save money is to go through your closet and get rid of all your unwanted clothes. Every year I have a few shirts, sweaters, coats, and other things that I just don’t need anymore. Between my wife and I, this year we had six bags of clothes to donate.

How can you Give, Save, and Simplify your life? Follow these simple steps:

1. …

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Tax Planning In A Recession

Americans are saving more money. The budget deficit will eventually give way to spending cuts or higher taxes; ergo, we need to prepare for a higher tax environment. Below are twelve ways to save money on taxes during a recession:Tax Planning In A Recession

1. Tax Loss Harvesting – Unfortunately, because of the market decline, we had a lot of losses last year. Fortunately, we captured those losses so that you could use them to offset ordinary income up to $3,000.

2. Pay off Debt – You do not have to pay tax on your savings if you use it to pay down debt. …

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How Much Should You Be Saving?

Do you ever wonder how much of your income you should be saving? Having recently listened to a Vanguard podcast on “Can thrift make a comeback” and revisiting the classic “The Millionaire Next Door” it occurred to me that many people don’t know how much to save. This is very apparent when we start to look at the Personal Savings Rate in the US.

Prior to the recession, as the market was starting to rise, in 2005 the savings rate actually was negative at one point. This was pretty bad according to the MSNBC.com article U.S.

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Relationship Between Stock Picking and Fantasy Football

It is the start of football season. If you are a fan like me, Sundays on the couch with my son and a bowl of chips is just about heaven,.. even if you’re a Detroit Lions fan. This is my rookie year in a Fantasy Football. My league is called TDs and Beers. Not my call. Eight teams, two divisions, sixteen games, and a lot of cyber trash talk.

Immediately prior to our live draft starting, while trash talking about giving my toddler a bath, I couldn’t help noticing the similarities of Fantasy Football and Stock Picking. Allow me …

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How Much Does Your Car Really Cost You?

Those of us that are old enough to remember Mr. Ed might recall that horses use to be the primary means of transportation. Okay, so maybe I’m not that old. But I do remember watching all those westerns. So what do horses have to do with cars? Not much except somewhere along the way, maybe it was when “horse power” was sexy, cars went from being a means of transportation, to a means of ego gratification. For those of you who are car fanatics, like most of my family are here in Michigan, I’ll tread lightly.

I heard once that …

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