It’s only natural to have a lot of questions when it comes to taking care of your financial health. Our professional team has compiled a list of frequently asked questions that have been posed by our clients in the past so that you can have quick access to the answers you need. Please browse the list below and feel free to reach out should you have any further questions.
Next, when you categorize your spending, and you will likely come across “that one thing” which was a larger purchase, but not something you buy every month or even every year. This might be travel related, a special gift for you or someone you love, or maybe you just had to buy a new dishwasher. Keep that amount in your budget! The key is, there usually is “that one thing”, and while the “thing” changes, the expense amount is often pretty similar. Again, most people have a habit of spending a certain amount each month, so keep “that one thing” included in your monthly budget.
Contributions to a traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal. Withdrawals prior to age 59 ½ may result in a 10% IRS penalty tax in addition to current income tax.