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[Video] How Tax-Free Accounts Work
STEPHEN SMALENBERGER, EA There are only three types of accounts: Taxable Tax-Deferred Tax-Free We focused on the first two types already. Let’s focus on the last, Tax-Free. The accounts in this registration category include the following: Roth IRA Roth 401(k) Roth 403(b) Roth 457 Roth Thrift Savings Plan (TSP) The word Roth is really important…
Friday’s Financial Update 7-21-2017
MICHELLE SMALENBERGER, CFP® No news is good news? This is a common phrase you may hear or even tell yourself when you “want” to hear it. Today the market ended down slightly. The news of the day to cause this was the hiring of Anthony Scaramucci as President Trump’s new communications director and the resignation…
[Video] How Tax-Deferred Accounts Work
STEPHEN SMALENBERGER, EA There are only three types of accounts: Taxable Tax-Deferred Tax-Free We focused on the Taxable accounts last time. Let’s jump in now and look at the second, Tax-Deferred. The accounts in this registration category include the following: Traditional IRA Traditional 401(k) Traditional 403(b) Traditional 457 Thrift Savings Plan The movement of money…
Friday’s Financial Update 7-14-2017
MICHELLE SMALENBERGER, CFP® As this week took the market up to new highs, it is important to be reminded of investing disciplines that should be in place for your portfolio. Before quarterly earnings hit full steam, this is a great time to review for anything that should be added or changes that should be made….
[Video] How Taxable Accounts Work
STEPHEN SMALENBERGER, EA There are only three types of accounts: Taxable Tax-Deferred Tax-Free Let’s jump in and look at the first, Taxable. The accounts in this registration category include the following: Checking Savings Individual Joint Trust The movement of money within the type of account is seen below: Who are…
Friday’s Financial Update 7-7-2017
STEPHEN SMALENBERGER, EA The State of Illinois has been operating without a budget for over two years… 736 days to be exact. That all changed yesterday as the members of the Illinois House of Representatives passed into law the largest permanent tax rate increase in state history. This came only after successfully overriding Governor Bruce…
[Video] Is Your Power of Attorney Accessible?
MICHELLE SMALENBERGER, CFP® As it’s the summer and we’re all excited to go off to a vacation somewhere nice and lay on the beach, or be in the sunshine, I’m sure that many of us are probably forgetting to pack something that’s really important. Today we’re going to be talking about “packing” your POA, or…
Friday’s Financial Update 6-30-2017
MICHELLE SMALENBERGER, CFP® You have likely given more thought to your summer vacation plans this week than to the performance of the financial markets. That’s because this week has been relatively quiet. That means the market has left it to our 4th of July celebrations to provide the fireworks instead of any market headlines! Investors…
Life Insurance Video Series
MICHELLE SMALENBERGER, CFP® I’d like to talk about one area of financial planning that seems to be misunderstood. Or maybe there’s just a lack of knowledge about this topic, and that’s insurance. When you’re considering getting any type of insurance, you the insured are looking to transfer the risk to someone else. So really what’s…
[Video] When Do I Need To Have Life Insurance?
Insurance Part 4
MICHELLE SMALENBERGER, CFP® The last part I really want to talk you through is the term, or how long we typically have life insurance. When you’re buying a policy, especially maybe this private policy, it may be that you have it for 5 to 10 years, or 20 to 30 years. And really, the purpose…
[Video] What are the Sources of Life Insurance?
Insurance Part 3
MICHELLE SMALENBERGER, CFP® So now that we know the amount of life insurance that we agree that we need, we really want to look to where the sources of that insurance are going to be. It’s very common that someone who works for an employer or for a company may get a benefit that’s just…
[Video] How Much Life Insurance Do I Need?
Insurance Part 2
MICHELLE SMALENBERGER, CFP® One area of insurance that I think is hard to define a value for is life insurance. So, I really want to dig into that a little bit to help you come up with or to make a little simpler that process of what is the amount of life insurance that I…
