Do Your Beliefs Align With Your Investments?
If you foresee higher taxes in the future and have most assets in pre-tax retirement plans, transitioning to tax-free investment vehicles is crucial—act now to devise a plan.
January 11, 2021
If you foresee higher taxes in the future and have most assets in pre-tax retirement plans, transitioning to tax-free investment vehicles is crucial—act now to devise a plan.
A financial plan is like a roadmap, guiding you from where you are to where you want to be, aligning your goals with actionable steps for an optimal journey.
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.
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.
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.
Diversifying your investments across three distinct “buckets” – Tax-Free, Tax-Deferred, and Taxable – ensures financial resilience and optimizes your tax strategy for future stability.
Revisit long-term care planning for better solutions and peace of mind for you and your family.
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