Financial Planner Boise ID

Financial Planner Boise ID

What is Your Guiding Word for 2020?

Posted by on Jan 7, 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 is good yet can be difficult for creating behavior...

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Did Tax Reform Change Your Giving?

Posted by on Dec 19, 2019

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 associated with a person’s sense of well-being. Being...

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Don’t Let ‘Cyber Scrooge’ Ruin Your Holidays

Posted by on Dec 5, 2019

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 put an alert on your bank account. You are...

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Can Capital Gains Push You into a Higher Tax Bracket?

Posted by on Nov 19, 2019

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 $0 – $52,570 15% $39,376 – $434,550...

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How Would You Describe your Relationship with Money

Posted by on Oct 29, 2019

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 experiences with money probably happened in your home....

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Should I Work in Retirement?

Posted by on Oct 15, 2019

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 time with family. Some of our most ambitious...

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