Author - Richard T. Feight, CFP®

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Organize Your Finances – Net Worth
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12 Powers: Imagination & Money
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Are You Tax Diversified?
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Organize Your Finances – Plan
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3 Ways To Reduce Living Expenses

Organize Your Finances – Net Worth

photo: What is net worth? According to Wikipedia.com Net Worth is the total assets minus total outside liabilities of an individual or a company. Net Worth is used when talking about the value of a company or in personal finance for an individual’s net economic position. The equation looks like this: net worth = assets – liabilities If […]… Read More

12 Powers: Imagination & Money

photo: Last year my reverend gave a series of talks on a book he read entitled Twelve Powers in You. The book describes  physical, spiritual, and emotional aspects of the 12 powers inherent in each of us. Fascinated by these talks, I’ve decided to expand on them through the money perspective that I often see things, being […]… Read More

Are You Tax Diversified?

At a recent NAPFA conference in Las Vegas, a couple key note speakers said that good financial planning was a key element in retirees having a secure retirement. Obviously they may have been just trying to make all of us advisors feel good about ourselves, but they had some pretty compelling information to support the claim. One of the factors that benefited retirees that used comprehensive financial planners was tax savings. With tax loss harvesting, advanced tax deferral, and other tax strategies, financial planners were able to add value to their clients’ retirement and account values. But many of these …

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Organize Your Finances – Plan

Many of us of us struggle to keep up. Often times finances are the last thing on our minds until there is a problem with them. This is part of a series of articles written to help you Organize Your Finances. As other articles come out, you can find them by clicking on the Organize category, or Organize Your Finances tab at the top.

Now that you’ve set your goals, and taken stock of your situation with a cash flow analysis, you can determine the steps necessary to accomplish your goals. You do this by putting yourself in situations that …

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3 Ways To Reduce Living Expenses

There are many ways to fund your retirement goal. When the economy and stock market are not cooperating, another approach might be to lower how much you need to live off of. Here are a few things that you can lower your expenses:

Keep your housing costs low. According to a Joint Center for Housing Studies at Harvard University, 36% of all American households (both homeowners and renters) spend at least 30% of their pre-tax income on housing costs. You can lower your housing costs by paying off your mortgage faster. For ways to pay off your mortgage faster than …

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