Are There Holes In Your Financial Plan?
What to look for in a comprehensive financial plan.
January 5, 2021
What to look for in a comprehensive financial plan.
Having a home equity line of credit (HELOC) ready before it’s needed is crucial, as waiting until a job loss or retirement can complicate approval, and moving homes may impact eligibility.
Shift your focus from short-term fluctuations in account value to accumulating shares of top-performing companies for long-term growth.
Focus on building your financial independence fuel by maximizing your income potential, as it offers greater opportunities for growth compared to solely reducing expenses.
To maximize the benefits of converting your IRA to a Roth, consider aligning your conversions with your current tax bracket.
Ensure your financial goals align with tax-efficient strategies by integrating tax planning into your investment decisions, maximizing vehicles like HSAs and Roth accounts while minimizing unnecessary tax burdens.
Become tax aware before it’s too late by understanding how your investments are taxed today and planning for future implications, avoiding the pitfall of focusing solely on minimizing taxes in the present.
Capture gains by capping any single security at 20% of your net worth and consider selling, using options, or exploring Exchange Funds for diversification, but be aware of restrictions.
Crafting a Solid Financial Blueprint to
Secure Your Financial Future.
They are certain benchmarks when it makes sense to sell stocks, these are protections so that you don’t own too much of one company. Are you too concentrated in one stock?
Financial freedom is a number that’s unique to all of us, so let’s take a look at how you find yours.
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