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financial planning

Is Your Will Up to Date?

Making a will is not fun. We know. It’s right up there with taxes on the list of things we’d rather not think about or deal with until we absolutely have to, right? But nothing in life is certain except death and taxes. We’ve all heard the saying. Why not sleep a little better at […]

Tis the Season to Be Giving!

November is when we all start thinking about charitable giving, especially if we haven’t done a lot of giving throughout the year. It’s the time of year when we all think about how to give back – how to help others in our community, our state, our world.  At this time of year, we usually […]

Managing the Tax Effects of Divorce or Separation

No one wishes for a divorce. But if it happens to you, are you prepared for the tax impacts that a divorce can have? It’s no surprise that the ripple effects of divorce reach all major areas of our lives. But most folks don’t consider how their tax situation will be impacted by divorce.  Filing […]

3 Times You Really Need to Call Your CPA

Every year during tax season, we have a handful of clients who get a really unpleasant surprise from Uncle Sam – a tax bill. Sometimes the surprise is moderate – maybe a few hundred bucks owed rather than a refund. Other times it’s downright painful. One client this past season had a surprise tax bill […]

Teaching Your College Kid Good Spending Habits

The suitcases are packed, the dorm room decorations bought, and now it’s time to send your adult kid off to college. It’s both exciting and scary. Exciting to see the young adult your child has grown into, scary to know she is going to be living on her own without you by her side anymore. […]

An IRA Showdown: Traditional v. Roth

So, you want to start saving more for your retirement, but you’re not sure what type of IRA to start – traditional or Roth. Here’s the skinny on how they are alike and how they are different so you can decide which is right for you. IRA stands for Individual Retirement Account. That means only […]

Setting Personal Financial Goals

Personal financial goals help you see the big picture – how you want to live your life – and motivates you to take small steps to get there. I don’t know about you, but I tend to drift through life if I don’t set goals for myself. It’s not that I’m lazy or unmotivated, it’s […]

Reduce Your Credit Card Debt the Smart Way

For a lot of people, consumer credit card debt is the most crippling financial hurdle you can face. Whether you overspend on big-ticket items, have a medical emergency or just live beyond your means, credit card debt can get out of hand quickly. There’s nothing so disheartening as paying the minimum amount due each month while […]

How to Talk to Your Kids About Money

Learning about money is important for kids, and as parents, we have an obligation to teach them good money habits. What they learn when they are young will have a tremendous impact on their financial lives as adults. Kids are very observant. They will watch how we interact with money and draw conclusions from it, but […]

Understanding the ACA Penalty

Are you one of the millions of people who did not sign up for health insurance or discontinued it after signing up in 2013 or 2014? If so, you may owe a penalty on your taxes this year. I know people who have been healthy most of their lives and have chosen not to invest […]