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How Will The Economy Do In 2020?

Posted by on Feb 13, 2020 in Certified Financial Planner Boise ID, Certified Senior Advisor Boise ID, Current Events, Financial Advisor Boise ID, Financial Planner Boise ID, Financial Planners Boise ID, Financial Planning Consultant Boise ID, Financial Services Advisors Boise ID, Retirement, Taxes | Comments Off on How Will The Economy Do In 2020?

How Will The Economy Do In 2020?   Will The Dow hit 32,500 or the S & P 3650 in 2020? See what Brian Wesbury, Chief Economist at First Trust believes. Click the link to watch the video.  

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New Decade – New Cyber Threats Protect You Financial Accounts

Posted by on Jan 29, 2020 in Certified Financial Planner Boise ID, Certified Senior Advisor Boise ID, Cyber Security, Financial Planners Boise ID | Comments Off on New Decade – New Cyber Threats Protect You Financial Accounts

New Decade – New Cyber Threats Protect You Financial Accounts   A new decade also means new cyber security threats. 2019 saw 184 million ransomware attacks compared to only 2,000 in 2017.  We anticipate that technology will continue to advance at a record pace, which brings threats along with convenience.[1] In this new decade vigilance will be a way of life. Here are some items to consider. Don’t click on links unless you are sure of the sender Don’t open suspicious emails Delete unused apps on your phone and computer Update apps and...

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What is Your Guiding Word for 2020?

Posted by on Jan 7, 2020 in Financial Planner Boise ID, Live Life to the Fullest, Peggy's Pearls | Comments Off on What is Your Guiding Word for 2020?

What is Your Guiding Word for 2020? What do you want to see happen in the coming 12 months? What would you like your year to look like? If you choose one word for what you desire this coming year, what would it be? Choosing a few words – no more than 5 – to describe the compass you want for the year is gaining popularity. It is replacing New Year’s Resolutions. This one-word guides choices you make; activities you do, and decisions in your life. Keeping this word front and center each day allows small changes to occur over time. Having goals...

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Did Tax Reform Change Your Giving?

Posted by on Dec 19, 2019 in Certified Financial Planner Boise ID, Certified Senior Advisor Boise ID, Charitable Giving, Financial, Financial Advisor Boise ID, Financial Planner Boise ID, Financial Planners Boise ID, Financial Planning Consultant Boise ID, Financial Services Advisors Boise ID | Comments Off on Did Tax Reform Change Your Giving?

Did Tax Reform Change Your Giving?   Tax Reform in 2017 raised the standard deduction to $12,000 and $24,000 for singles and married filing joint. This decreased the number of households itemizing by over 20 million or a 50% reduction. However, the charitable giving from individuals only decreased by 1.1% according to Giving USA 2019 Annual Report on Philanthropy for the year 2018. While tax deduction may be one benefit donors seek in giving, it isn’t the driving force behind most charitable giving. Studies have shown generosity strongly...

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Don’t Let ‘Cyber Scrooge’ Ruin Your Holidays

Posted by on Dec 5, 2019 in Financial Advisor Boise ID, Financial Planner Boise ID, Financial Planners Boise ID | Comments Off on Don’t Let ‘Cyber Scrooge’ Ruin Your Holidays

Don’t Let ‘Cyber Scrooge’ Ruin Your Holidays   Cyber Scams are on the increase during the holiday season. Adapt your on-line behavior to avoid getting hacked or attacked by ‘Cyber Scrooge’. To help ensure your holiday season goes well, follow these tips to help stay secure. In the first quarter of 2019, 2.2 BILLION account credentials were stolen. These identities continue to be sold on the dark web. If you haven’t put a freeze on your credit, this is a good time to put it in place. An ounce of prevention…. Another preventative measure is to...

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Can Capital Gains Push You into a Higher Tax Bracket?

Posted by on Nov 19, 2019 in Certified Financial Planner Boise ID, Certified Senior Advisor Boise ID, Financial, Financial Advisor Boise ID, Financial Planner Boise ID, Financial Planners Boise ID, Financial Planning Consultant Boise ID, Financial Services Advisors Boise ID | Comments Off on Can Capital Gains Push You into a Higher Tax Bracket?

Can Capital Gains Push You into a Higher Tax Bracket?   Making Money on your money sounds great until you have to pay taxes. The federal capital gains tax rate is 0%, 15% and 20%. This is lower than the tax rate on ordinary income. To determine your capital gains tax rate, you begin with your ordinary income. Then add your capital gains to it. Where does this total fall in the range for capital gains tax bracket? (See Table below) IRS Tax Rate: Single Taxpayers Married Filing Jointly Heads of Household 0% $0 – $39,375 $0 – $78,750...

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How Would You Describe your Relationship with Money

Posted by on Oct 29, 2019 in Financial Planner Boise ID | Comments Off on How Would You Describe your Relationship with Money

How Would You Describe your Relationship with Money Many people have a complicated relationship with money. Hang-ups carried over from childhood experiences get mixed together with positive and negative experiences from adulthood. Few people ever take the time to reflect on what money really means to them and how they can “get right” with money to make smarter decisions. Take time to answer these 5 questions and you’ll do a better job of living your best life possible with the money you have. What’s your first money memory? Your earliest...

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Should I Work in Retirement?

Posted by on Oct 15, 2019 in Financial Planner Boise ID | Comments Off on Should I Work in Retirement?

Should I Work in Retirement?  You are 65. Eligible for Medicare. You have sufficient assets to retire comfortably. You might even have a pension. Should you quit working and retire? Would you be surprised to know 83% of baby boomers intend to keep working after retirement. 14% of those currently working say they will never retire. These “retirement workers” have discovered that part-time jobs or volunteer positions allow them to keep a nice pace in life and find a balance among using their talents, enjoying recreation, traveling, and spending...

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Slow Down a Hacker: Use Two-factor Authentication Guide

Posted by on Oct 9, 2019 in Certified Financial Planner Boise ID, Certified Senior Advisor Boise ID, Financial, Financial Advisor Boise ID, Financial Planner Boise ID, Financial Planners Boise ID, Financial Planning Consultant Boise ID, Financial Services Advisors Boise ID, Live Life to the Fullest | Comments Off on Slow Down a Hacker: Use Two-factor Authentication Guide

Slow Down a Hacker:   Use Two-factor Authentication Guide   Two-factor authentication (sometimes called two-step verification) is an extra security measure you can place on certain of your accounts. When enabling this feature, you will have to enter a short-lived one-time code (sent to your phone or device) after submitting your username and password. This process adds an extra layer of security to your account—even if a hacker knows your username and password, they cannot log into your account without the one-time code that is sent to your...

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Medicare and HSAs Don’t Mix

Posted by on Oct 1, 2019 in Certified Financial Planner Boise ID, Certified Senior Advisor Boise ID, Financial, Financial Advisor Boise ID, Financial Planner Boise ID, Financial Planners Boise ID, Financial Planning Consultant Boise ID, Financial Services Advisors Boise ID | Comments Off on Medicare and HSAs Don’t Mix

Medicare and HSAs Don’t Mix   Health Savings Accounts (HSAs) are designed to have a triple tax benefit. Contributions are tax deductible. Assets in an HSA may grow tax free. Distributions for medical expenses are tax free.   However, once you enroll in Medicare your eligibility to contribute to an HSA is cancelled. If you made HSA contributions while covered by Medicare, you face tax fines and penalties. What if you are covered by your employer? Reaching age 65 doesn’t require you to enroll in Medicare. If you employer has credible insurance...

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