Kevin Gormley CFP, CPA® discusses the five most important steps you should consider when it comes to investing in rental real estate. No matter how ‘easy’ you may have heard owning rental property is, you could find yourself in real financial trouble without a good process to analyze the property, the local area, cash flow, and the tax implications of your rental property.
Many taxpayers seem to be confused about how tariffs work. The President has said that American tariffs on Chinese products are bringing in unspecified “billions” to the U.S. government. That may be true, but the source of those “billions” is not China or Chinese companies. Importers pay the import taxes when the items they’ve purchased overseas cross the U.S. border. With import taxes as high as 25%, it is all-but-guaranteed that the price of these items will be higher when sold to American consumers.
Despite the slight market downturn Monday, as the trade conflict between the United States and China intensified, 2019 is off to an amazing start! However, don’t let your guard down. The next recession may be on its way. Here are 6 ways to prepare for it.
Today we’re sharing an article filled with the “secrets” you need to know to achieve your financial goals.
Kevin highlights some of the reasons why the market rebounded in the 1st quarter of 2019 and discusses which sectors that thrived.
In our final episode of our Kids & Money series, Ben and Charlie discuss 5 actionable steps you can take to align your children for financial independence. This is the final video in a multi-part series. To view the entire series click...
Ben and Charlie discuss how to make abstract ideas, like a career change or retirement, relatable to your child and why it is important to start financially preparing themselves for these events early in their career.
Charlie joins our newest LEFP team member, Ben Dickinson, to discuss how to prepare your child for their future financial life. Ben shares his perspective as a recent college graduate and offers suggestions on how to get the message through to a young person who may be less than interested.
Understanding your 401(k) can be confusing but it is an important element of a successful retirement plan.
However, there is strategy involved to maximize this benefit.
We discuss risk in every financial aspect of our client’s lives, from asset protection, dying early, living too long, stock market volatility, etc. However, the biggest risk we rarely discuss is the hidden risk of deteriorating physical and/or mental health in retirement.