Every so often, I hear prospective clients seeking to attain "passive income" usually by way of rental properties; "How do I earn passive income," "How can I quickly increase my passive income," and the list of questions I hear continues...
Today I am rounding up my 5 key takeaways on the proposed legislation that may affect some of the tax planning strategies we often implement with our HENRY clients, such as the Mega Backdoor Roth IRA.
Wondering what actually occurs in our planning process? In part one I explained why having the answer to 3 specific questions is the very first step. In part two I will cover what happens once we have those answers... Have you answered these 3 questions?
What is the FIRST and MOST IMPORTANT part of the Financial Life Planning process? When we begin a new client's Financial Life Plan, we seek to answer 3 key questions that revolve around cash flow. We want you to be able to answer these questions definitively at the end of our planning process. This is all before we even touch on investments, tax coordination and insurance coverage...
If your advisor spends their day tracking the markets, analyzing how Pepsi’s new management will affect their stock price, and whether this is the year for emerging markets…they are not a financial planner.
As HENRYS (high earners, not rich yet) continue to contemplate their big city life over fleeing to the suburbs there are several questions that should first be considered. If you are one of these people who have started wondering whether you should continue to rent or take the steps necessary to purchase a home, keep reading.