Live A Life By Design Blog
Eliminating the Top Three Fears of Pre-Retirees
Retiring is a big step in life for most people. Along with this new lifestyle comes the fear of the unknown. You do not have to be subject to these fears if you simply follow the process outlined in this article. Let’s identify three fears causing the greatest concern for pre-retirees. First, most people have […]
Time — Your Most Powerful Savings Weapon
The most powerful factor to assist in the planning for your future is time. However, time is also the one factor of investing that you can’t control. What do you do? To properly unleash the power of time in the calculation of compounding interest, you must start early to invest. You have more control over […]
The Millennial Perspective: Office Space Evolution
The traditional office space can be described as a cubicle or office with a desk, chair, and computer. However, the traditional office space has started to evolve for some. If you look at tech companies like Google, their office spaces are far from “traditional.” More and more businesses, especially those that have a large number […]
Three T’s of Successful Retirement Planning
Making a major life decision is not to be approached in a haphazard manner. Many people underestimate the impact of retirement on their lives and have “buyer’s remorse” once the process is complete. How can you experience a more positive and proactive outcome to retiring? Simply follow the “3 T’s” outlined below and you will […]
Selling the Farm? Think About This Tax-Saving Election!
You worked your entire life and a significant amount of your family’s wealth is tied to the family farm. This scenario is experienced by many families in the U.S. How do you obtain your value from the land and pay the least amount of income tax? There is a way. The income tax laws, referred […]
Tax Law Changes Due to COVID-19
Many U.S. citizens have been subjected to financial and other difficulties due to the pandemic. In March, 2020, the U.S. Treasury Department issued an extension of time for filing, and paying, income taxes for individuals. The good news is that you have until July 15, 2020, to file your 2019 individual income tax returns and […]
The Millennial Perspective: The Cost of Learning
I’m sure we have all heard of student loans the mountains of debt that come with them. Every generation has or has had student loan debt. Millennials, surprisingly, don’t have the highest average amount of student loan debt though. However, I think that we may have the hardest time balancing the debt with other aspects […]
Financial Literacy: The Key to Successful Kids
One of the wisest statements made about planning for the future can be found in an ancient Chinese proverb: “The best time to plant a tree is 20 years ago. The second-best time is now.” This is a philosophy that is applicable to your finances. Our schools are bombarded with challenges in teaching students the […]
How Long to Keep Tax Records?
If you are like most individuals, you have a drawer in your home or a box in the garage that contains all of your tax returns and supporting information from 1987. It is the sacred box of “all things to defend myself from the IRS”. Today, I am providing you some guidance that will help […]
Why Saving For The Future Matters?
Forty-one percent of Americans believe they would be able to cover a $1,000 emergency with savings, according to a survey conducted by BankRate in January, 2020. The chickens certainly came home to roost with the COVID-19 pandemic! The more disturbing findings of the survey were that 37% of the respondents would use their credit card […]