The Importance of Financial Wellness
Financial wellness refers to having a happy, healthy, and relatively stress-free relationship with your finances. Typically, people who have financial wellness have the following four elements in place:
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What Should California Residents Know About Proposition 19?
On Election Day 2020, California voters narrowly approved Proposition 19, a constitutional amendment designed to change the way that tax assessments can be transferred.
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New Year’s Resolutions to Get Your Finances in Order
When you're thinking about finances, you always need to consider two sides of the equation — spending and earning.
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End of Year (EOY) Deadlines Checklist
2020 has been one of the most unprecedented years in recent history, but some things—like tax contributions and retirement deadlines—don't change much, if at all. And with the uncertainty surrounding just about everything, meeting these deadlines and getting tax efficiencies in place now may help the rest of the year run more smoothly. Read on for several things you'll want to accomplish before 2020 draws to a close.
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Appropriate Checklists for Year-End Tax Planning
Make your early January mortgage payment in December so that you can deduct the accrued interest for the current year that is paid in the current year.
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Who to Ask When You Need to Help With a Business Plan?
A business plan is critical when you're getting ready to launch a business.
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Charitable Giving: How it Affects You Financially as Well as Personally
For many people, charitable giving provides them with either a tax break or a deduction depending on the type of giving.
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Coping With Caregiving in the Time of COVID
Nearly one in three U.S. adults serves as the primary caregiver to a relative or other close loved one. With respite facilities throughout the country closed or operating on restricted hours as a result of the COVID-19 pandemic, many family caregivers are under even more strain than normal. What can caregivers do to cope? Read on for five tips and tricks that can help combat caregiver burnout while remaining mindful of the ongoing pandemic.
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End of Year Planning: Set Goals and Reduce Taxes
By the last third of the calendar year, you're likely to have a pretty good idea of what your annual income will be and whether any major expenses or big life changes await you. This can allow you to engage in more robust tax planning, creating the first draft of your federal and state income tax returns to see what factors you can tweak and what goals you can set to reduce your overall tax burden. Read on for some points to consider as you close out 2020.
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Prepare for Long-Term Care Before the Need
Long-term care (LTC) keeps you functioning in the face of devastating illnesses, disabilities and prolonged disorders such as Alzheimer’s disease. LTC kicks in when you lose the ability to care for yourself and can no longer do things such as bathe, dress or eat without help. These are three of the six most commonly listed activities of daily living, or ADLs. The care obviously comes with lots of emotions – and rising costs you can start addressing now.
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