The stock market was down almost 45% this year. Housing values are down 20% and unemployment is at an almost all time high. Social security and Medicare are running out of money and may be non-existent in our lifetime. The question is, how have your long range financial expectations changed? Do you still feel secure in your financial future? No one wants to be a pessimist but it is important to be a realist, especially now. One thing that’s for sure, if you continue to do the same things you’ve always done you can expect the same results.
There is good news out there. A lot of people are doing quite well during these recessed times... Read More
New Year Resolutions for Your Finances
Start off the new year right. Make these resolutions for your finances.
One of your new year’s resolutions may be to take your relationship with money more seriously. Here are 7 resolutions for your finances you can make right now to take more control of your money.
1. Make an early contribution to your IRA, 401k, Roth IRA, or other retirement plan for the calendar year and tax year 2012.
2. With your bookkeeper and accountant, there are 2 resolutions for your finances. Call your bookkeeper and ask him/her to update your books through 12/31/2011 as soon as possible. Then, schedule a meeting with your accountant to review your tax liability. Don’t wait till March to do this. Get ahead and stay in control.
3... Read More