President Trump has introduced his tax reform plan and it appears that it will benefit most U.S. households but how will it affect YOUR money? Paul was recently interviewed by NBC’s Knoxville affiliate, WBIR: VIDEO BELOW PAUL, WHAT ARE SOME OF THE MAIN PROVISIONS OF THE TRUMP TAX PROPOSAL? Doubles the Standard Deduction. Reduces or…
Earth Day aims to raise awareness of ways to lessen our impact on the environment. But what about your wallet? Here are some ways to raise some green from going green. WHAT ARE SOME EASY WAYS THAT GOING GREEN CAN HELP SAVE SOME MONEY? Unplug: Phantom power – the electricity your electronics draw costs…
Tax refunds are in the mail! With the average taxpayer expecting to rake in a refund of more than $3,000, what should you do with the windfall? IF YOU ARE EXPECTING A REFUND, WHAT IS THE SOLID “EAT YOUR VEGETABLES” ADVICE? 1. Pay down high-interest debt: this is how 40% of Americans will use…
How to Select a Financial Planner “Yippee-Ki-Yay” Welcome to the Wild Wild West also known as the U.S. financial advice industry. There are approximately 300,000 financial advisors in the U.S. according to Cerulli Associates. And arguably, the number of people who hold themselves out as comprehensive financial advisors and wealth managers is even greater, given…
Are you on track to achieve your goals? In other words, have you saved enough? And, how do you know how much is enough? Use the following guidelines to give yourself a Savings Check-up. Even though the economy has been doing better, many people are still financially vulnerable, i.e., living paycheck to paycheck. According…
Have you ever wondered if a chef eats his own cooking? Does a doctor take her own medicine? Or, do financial planners invest in the same strategies they recommend to investors? Recently, a vice president at Morningstar, an investment research firm, wrote about his personal investment portfolio. His asset allocation is basically 93 percent stock, 4 percent cash,…
With spring in bloom, we are also entering wedding season! Getting married is truly a family affair when it comes to figuring out how to pay for it! WEDDINGS CAN BE EXPENSIVE… The average Tennessee wedding typically costs between $20,000 to $30,000. A Manhattan wedding’s average cost is $82,000! LET’S BREAK IT DOWN,…
There’s still time to make a regular IRA contribution for 2016! You have until your tax return due date (not including extensions) to contribute up to $5,500 for 2016 ($6,500 if you were age 50 by December 31, 2016). For most taxpayers, the contribution deadline for 2016 is April 18, 2017. You can contribute to…
Beginning in 1993, the Financial Planning Association (FPA) has annually given the P. Kemp Fain, Jr. Award to an individual who has made remarkable contributions to the profession of financial planning in the areas of service to society, academia, government, and professional activities, as well as, upholds the FPA’s Core Values of competence, integrity, relationships,…
