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1
Job Risk Mindset After Retirement – What to Consider When Starting Your Second Career
2
Focus on the Forest, Not the Trees, of Investing
3
Three Tax Considerations for Military Personnel When Selling Your Home
4
IRS Tax Filing Deadline Extended
5
Tax-Free, Taxable or Tax-Deferred Accounts: Where Should Your Investments Be?

Job Risk Mindset After Retirement – What to Consider When Starting Your Second Career

While I normally try to write to people looking to either retire or separate, this article is intended for people who plan to retire. However, there are some items of consideration for separating members as well. This article is the first of two articles about how to better understand your post-military life, specifically your cash flow needs.

One of the major considerations of military retirement is what you want to do in terms of replacing your military job. We spend a lot of time talking about the financial transition, but don’t always talk about what type of work you will …

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Focus on the Forest, Not the Trees, of Investing

It’s a message worth repeating. Investing is a matter of focus. Despite recent disappointments in stock market performance, investors who are willing to assess the whole universe of investment choices may find that the market continues to offer new possibilities. And those who keep their sights set on long-term investment goals may find that a “forest, not trees” approach to investing offers the greatest potential for success.

Focus is especially important for retirement savers — those who are still in the accumulation stage — as well as for retirees who need to keep the potential for growth alive in their …

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Three Tax Considerations for Military Personnel When Selling Your Home

In the military, when you make the decision to sell your home, it can be for any number of reasons: relocation, buying a bigger home, downsizing, retirement/separation, or because it makes financial sense to do so. Whatever the reason for selling your home, let’s take a look at three tax considerations you should account for:

Your realized gain

When selling any real estate, the IRS definition of realized gain accounts for many things you may not have thought about. According to the IRS, the basic formula for calculating your realized gain is: Selling price – selling expenses – adjusted basis. …

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IRS Tax Filing Deadline Extended

Taxes are usually due by April 15th; however, the deadline has been extended because April 15, 2016 is Emancipation Day in Washington, DC. Given that April 15, 2016 is a Friday, the next business day, and the day taxes are now due, is April 18, 2016. Additionally, due to Patriots Day, Residents of Maine and Massachusetts have until April 19, 2016 to file taxes.

 

Taxes_Due

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Tax-Free, Taxable or Tax-Deferred Accounts: Where Should Your Investments Be?

To build assets for the future, investors seek to create diversified portfolios with a mix of investments that match their time horizon and their appetite for risk. In practice, that means portfolios are generally composed of different types of equity (stocks) and fixed-income (cash and bonds) investments. But beyond the mix of investments you hold, […]

The post Tax-Free, Taxable or Tax-Deferred Accounts: Where Should Your Investments Be? appeared first on Chamberlain Financial Planning & Wealth Management.…

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