Remove Accounting Remove Debt Management Remove Taxes
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4 Pitfalls of Not Having a Financial Plan

Carson Wealth

Debt management: Develop a strategy to pay off existing debts efficiently, minimizing interest costs. Retirement planning: Calculate retirement needs and contribute regularly to retirement accounts. This blog is not intended to provide specific legal, tax, or other professional advice.

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Ten Steps To Creating A Solid Financial Plan For Yourself

Clever Girl Finance

A debt pay-off and spending plan (using your budget). A fully-funded emergency account. Should you have joint accounts or separate accounts? Having joint accounts is great, but I also believe in having your own personal savings accounts. But don’t feel like you need to keep your personal accounts secret.

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Is Financial Planning Different for Dual-Income Families?

WiserAdvisor

The tax liabilities for married couples filing their taxes jointly will differ from single individuals and those filing individually. Tax liabilities can be higher for dual-income families: Since a dual-income household earns a higher income, their tax liabilities are also higher.

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Are You Holding Too Much Cash?

Darrow Wealth Management

Even though interest rates have risen in the last few years, over time, holding cash will yield a real negative return after inflation and taxes. If you’re saving for a major purchase in a year or two, that money should be kept in a safe interest-bearing account or investment, such as a high-yield savings account or Treasury.

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12 Steps To Creating A Solid Financial Plan For Yourself

Clever Girl Finance

For instance, I might ask myself about my money: how much debt do I have? What does my savings account look like? Pay off debt When you make your money plan, be sure it includes a debt management system and a plan for paying off debt. Work towards being able to say, “I’m debt-free!”

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19 Best Recession-Proof Jobs For All Skill Levels

Clever Girl Finance

Accountants. In a quote often attributed to Ben Franklin , he said: “ In this world, nothing can be said to be certain, except death and taxes.” Businesses will continue to need accountants as long as the tax system exists. So you see why accountants have the best recession proof careers!

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How to Choose the Right Wealth Management Firm in Kansas City

Fortune Financial

Tax Considerations Be mindful of tax implications related to your goals. Certain investments or strategies may offer tax advantages, while others could result in higher tax liabilities. Consulting with an advisor can help you optimize your financial plan along with identifying the impact of potential future tax changes.