Fee-Only Financial Planning Advice

Amy’s Will: Estate Planning in Little Women

Dec 24 2019

A new movie version of the classic novel Little Women will be in theaters during the holiday season. The book’s author, Louisa May Alcott, wrote a book about young women that was suitable enough to sell but also included some of her own unconventional ideas in the text however she could and offered various illustrations of womanhood. She shows how wealth and financial planning can alter a woman’s life for the better.

Aunt March is not the woman who is most admired by the sisters in the book, she is one who influenced them and acted in ways that …

Investing Time in Financial Planning Pays Off

Dec 17 2019

The Motley Fool asked readers “How Much Time Does the Average American Spend on Personal Finance?” Rather than look at the actual time in minutes or hours, we can say that the answer for many people is: not enough. Using data from the Bureau of Labor Statistics and from Northwestern Mutual’s 2019 Planning & Progress Study, The Motley Fool found that the desire to be financially stable is there but it is not easy to take action to reach out financial goals.

“When it comes to finances, people were almost 30 times more likely to spend time watching TV …

Study Finds Divorced Women Gain Financial Confidence with Time

Dec 03 2019

The end of a marriage does not have to mean the end of financial stability: in fact, for some women it is just the opposite. Some women find that having no choice but to take control of their own financial planning gives them a confidence they may have not had before.

Kiplinger.com published “Financial Confidence in Divorced Women is on the Rise,” and included the following insight:

“While 57% of women say that divorce was a wake-up call for them from a financial standpoint, the good news is that things do get better. According to the recent Allianz …

IRS warns of gift card scam

Dec 02 2019

Recently there has been a new scam going around, with a twist – the caller, impersonating an IRS agent, requests payment in the form of gift cards. The IRS recently released a Tax Tip (2019-167) regarding this scam and what you should do about it. The complete Tip is listed below.

Taxpayers should watch out for gift card scam

Taxpayers should always be on the lookout for scams. Thieves want to trick people in order to steal their personal information, scam them out of money, or talk them into engaging in questionable behavior with their taxes. Scam …

Tax Strategies for the end of the year

Nov 29 2019

Many Tax strategies require you to act before December 31^st of the Tax year, not April 15^th of next year. So, time is running out if you are thinking about Tax Planning. Today, I will explain the 3 most important factors to consider – in order to implement end-of-the-year tax strategies.

Tax Strategy 1: Offset Capital Gains with capital losses from unwanted positions

If you have capital gains during the year, consider selling some of your unwanted positions where you may have losses. For example, let’s say you sold a position earlier this year – in your taxable… Read More

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Taxpayers should watch out for gift card scam

Tax Strategy 1: Offset Capital Gains with capital losses from unwanted positions