At our house, TIPS mean “Taylor’s Inappropriate Prideful Suggestions”. Here, I hope they mean something different… Taxes – People act like taxes are a surprise. They aren’t. Hire a good CPA. Make sure your withholding is set correctly. If self employed, save a % of every dollar you earn for taxesInvestments – if you have…
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As COVID eases, A LOT of Americans are eager to start travelling again. It’s fair to say that there is a substantial amount of pent up demand for travel. Here are a few tips to consider as you plan summer vacations: If you fly, be sure to count up all the baggage fees you may…
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Investors often think of gold as a hedge against inflation. As Exhibit 1 shows, however, gold has been about 15 times more volatile than inflation. Over the period from January 1970 – December 2019, the annualized compound return for gold was 7.81% with a volatility of 19.24%. For comparison, the annual inflation rate has been 3.91% with…
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I REALLY want my kids to learn how to be responsible with money! One of my clients told me about this tool that we have found extremely useful. It’s called Greenlight. Each child has their own debit card that’s linked to their checking account. They also have a savings and giving account. My kids have…
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Let’s be honest – most of us don’t really understand inflation. The dictionary defines inflation as: 1“a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services.” In a nutshell, inflation is when prices go up. But why is that…
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Paying taxes is similar to the picture above…you either see dead fish or an incredible meal in the works! It’s all about perspective! No one likes paying taxes, and I don’t recommend you pay a dollar more than you have to. BUT, let me offer 3 reasons we should change our perspective on them:
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