Live A Life By Design Blog

Snow Storm

Tax Relief For Recent Disaster Victims

The Internal Revenue Service (IRS), a branch of the U.S. Treasury Department in which we are all familiar, issued a news bulletin today that described the tax relief provided Oklahomans whose lives were significantly disrupted by recent snow and winter storms. President Biden declared the State of Oklahoma a disaster area availing the leaders of […]

Two blue chairs on the beach

When to Claim SSA Benefits

When the economy takes a downward trend and the retirement you planned did not quite work out in the manner you thought, what can you do? Most of us look at this scenario as an opportunity to engage in the workforce. Much confusion exists about working while claiming your Social Security Benefits.  “Can I work […]

Predict the Future

Predict Your Future By Creating It

Many of you will read the title of this article and wonder what it means. President Abraham Lincoln once said, “The best way to predict the future is to create it.” One of the roles I relish, when working with our clients, is the ability to help people reach their goals in life. Often clients […]

Robinhood

The Millennial Perspective: Who To Trust?

Millennials have been through the ringer in their short time on this Earth. Many of these events have had big effects on the financial system and institutions in our country. There also happens to be an extremely large gap in financial literacy in U.S. schools. As a result, we find that a good portion of […]

Market Volatility

Difference Between Economy and Markets

What is the driver of our economy in the United States? Is it labor? Not entirely because our nation is suffering one of its highest unemployment rates in recent history based on a report by the U.S. Bureau of Labor Statistics dated January 8, 2021, and the world keeps spinning. The current United Stated unemployment […]

Old Time Tax Payment Location - Window

New Year, New Opportunities, New Tax Laws

If there is one thing in life you can count on, that would be income tax changes! Over the past few months, we have seen changes in our world that create anxiety for many people – elections, natural disasters, COVID-19, etc. One of the best methods of understanding the factors of anxiety is to acknowledge […]

New Year Resolutions - stock image of pen with index cards for writing resolutions

The Millennial Perspective: Ending New Year’s Resolutions for Good

“My New Year’s resolution is…” I cannot tell you how many times I have said that phrase and I do not think I have ever really fulfilled those resolutions. Goal setting is a fundamental part of life, but it can also be a source of great disappointment and anxiety due to the restrictions we often […]

Change Your Philosophy About Money and Change Your Life

One of the greatest powers of wealth is your philosophy toward money. This year has been a challenge to many of us and you may have not met your savings goal or some other type of goal. However, our philosophy of life doesn’t change whichever way the wind blows economically or otherwise. Think about your […]

Taxes

Last-Minute Strategies To Lower Your Taxes

It’s that time of year when the sand has almost passed to the bottom of the hourglass. Most individual taxpayers are calendar-year filers which means that many opportunities to reduce your 2020 income tax bill will lapse after midnight on December 31, 2020. To help you achieve your goal of paying the least amount of […]

Charitable Giving

Gifts, Charitable Donations and Taxes

It is the time of year that we think of others. By “others” I am referring to our favorite charities, loved ones and the IRS. Sounds interesting to place the IRS in the same sentence as charities and love ones, doesn’t it? I offer that this particular government agency should always be a part of […]