Most people would not complain if they got a big tax refund. After all, who doesn’t love free money?! It’s easy to think about a check from the IRS as “found” money and plan a shopping trip accordingly. However, getting a rather large check is not actually as beneficial as you might think.
Big tax refund = LOSING money
Taxes are complicated. That is why there are people whose entire job revolves around helping individuals pay the government what they owe. There are so many different variables that can affect the amount you are required to pay that it helps to have a professional assist you. To make it even more complicated, some folks who aren’t experts by any means spread misinformati
Just as we recommend our clients get their property and casualty insurance reviewed periodically, I had mine checked recently. It is not uncommon that when we facilitate a review, the agents we work with point out changes in amounts and can find a better price for the insurance a client needs.
This past weekend’s news channels were consumed with President Trump, Robert Mueller, and the report summary of the Russia collusion investigation. If you were paying attention to the economic news before this took over the media, you likely heard the alarmist headlines on Friday about the inverted yield curve, which (you probably also read) inevitably signals an upcoming economic r
Do you know how much auto insurance coverage you have?
Do you only have the minimum required liability or do you have maximum protection? What about an umbrella policy for any spill-over costs from an accident?
Do you have a young son or daughter who just started driving or will start soon?
You've done a great job of saving for your child's college education with a 529 plan. You’ve made contributions and kept an eye on the account’s growth over the years, and now you’re ready to start withdrawing funds. You have questions! Here are the answer to the questions most frequently asked by parents as they prepare to withdraw funds from the pla
Modern advertising tells us, and the Joneses next door make us feel like we NEED a bigger home, nicer clothes, fancier vacations, luxury vehicles, and a fatter paycheck to pay for it all. In a society where bigger is better and more is more, can we find the benefit and contentment in simplifying? In particular, can the “less is more” theory apply to our home?
We are getting to the moment of truth on the 2017 Tax Cuts and Jobs Act, which took effect for the tax year 2018. As the first tax returns reflecting the new tax rules are being filed now, we will all soon find out how it impacts us.
High Deductible Health Plans (HDHP) are becoming more common in the healthcare space these days. Because of this, we have been receiving a lot of questions from clients about how their Health Savings Accounts (HSA) fits into their financial plan. I wanted to go over some of the questions that have been coming up.
A common goal many of our clients have is travel. Sometimes it is the regularity of travel, sometimes it is a dream destination, and sometimes it is to take their family on a big trip to continue fostering relationships. Whatever you dream of, it has been documented how rewarding experiences can be. You can tell how our clients love to travel by the map of accomplished travel
© 2019 Berk Cleveland Rathmell Wealth Strategies LLC.. All rights reserved.
