Posts by Doug Reed
February is the Month of Love
25 Financial Secrets to Keep the Love Going Strong in Your Relationship No matter whether your relationship is brand new or your celebrating your 50th, these financial tips can help make your financial love life smooth sailing. People often have twice the credit they actually need. Avoid temptation by never charging more than 50% of…
Read MoreA Summary of Key Changes for Tax Year 2025
A Summary of Key Changes for Tax Year 2025 More than 60 provisions that impact your 2025 returns that you file in 2026 Looking ahead, here is what you need to know for 2025 planning. The Internal Revenue Service released its annual inflation adjustments for tax year 2025. The details, outlined in Revenue Procedure 2024-40,…
Read MoreTrump Econ 101: Not sure what the next four years of Trump might mean to you financially? For reference, try the four years beginning in 2017 through January 2021.
I know for many of you there is a high degree of excitement and anticipation for the next four years of a Trump presidency. I also know that for many of you there is fear and trepidation. What I also know is that The United States is and incredibly well-designed country and our political system,…
Read MoreThe Proposed “Tax Hike” on Middle Class Retiree Homeowners That No One Is Talking About.
By now you’ve probably heard quite a bit about the different economic proposals from the presidential candidates Kamala Harris and Donald Trump. While the left and right media continue to beat up each other’s proposals and even to a large extent lie about how the presidential candidates’ proposals will affect you economically, there is one…
Read MoreInherited IRA Rules & SECURE Act 2.0 Changes
Losing a loved one is always difficult. Understanding the rules of money passage during this time is especially important. One way wealth passes from generation to generation is through inherited IRAs. When it comes to these individual retirement accounts (IRAs), it’s important to understand the rules that have recently changed related to the Setting Every…
Read MoreGovernment Shutdowns, Politics and Their Affect on Your Wealth and Your Health
The Economic Impact of Government Shutdowns, Political Division and The Overall Impact on Markets, and More Importantly, You! Government shutdowns have become an unfortunate recurring event in the United States political landscape. These disruptions occur when the government’s funding is not approved by Congress, leading to the temporary closure of federal agencies and departments.…
Read MorePrepare for Long-Term Care Before the Need : Despite the dollars, fears and emotions – you can manage with planning
Long-term care (LTC) keeps you functioning in the face of devastating illnesses, disabilities and prolonged disorders such as Alzheimer’s disease. LTC kicks in when you lose the ability to care for yourself and can no longer do things such as bathe, dress or eat without help. These are three of the six most commonly listed…
Read MoreA Quick Look at Your Life Insurance Needs: You might consider a needs analysis in order to truly meet your objectives
Have you ever wondered how much life insurance is “enough”? One general rule of thumb says that you should buy an amount equal to five to seven times your annual income. Sure, it may be a reasonable guideline, but this method does not relate life insurance needs to your personal financial goals. A better method…
Read MoreMedicare Will Not Cover All Health Care Costs: There are out-of-pockets, limitations and gaps that Medicare doesn’t cover
Medicare is a federal health insurance program for individuals aged 65 or older and certain younger people with disabilities. And despite being a widely used program, there are several misconceptions surrounding Medicare, one of the most pervasive being that it will cover all healthcare costs. Myth or Fact: Medicare Will Cover All Health Care Costs…
Read MoreAvoid the Crippling Hill That Jack and Jill Went Up: Sometimes the best financial advice is the simplest: tough, objective love
The couple had made every mistake you could: retired too early, spent too much, took on too much house and too much debt. “This is killing me,” Jill told their new advisor (me), as she burst into tears. Jack and Jill left their well-paying jobs in their late 50s, with little idea how they would…
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