In early October, Evelyn Zohlen, MBA, MS, CFP® discussed what tax policy under a change in administration could mean for earners with income over $400,000 (click here to read more). As we charge towards election day, it feels only right to continue the conversation on what tax policy could look like for individuals in 2021 and beyond. […]
With or without a tax write-off, many Americans want to give generously to the charities of their choice. After all, financial incentives aren’t usually the main motivation for giving. We give to support the causes we cherish. We give because we’re grateful for the good fortune we’ve enjoyed. We give because it elevates us, too. Good giving[…..]
Among the many things concerning our clients now, potential changes in tax law pending a change in party in the White House is starting to make its way up the worry list. The differences in tax policy between Presidential candidates Donald Trump and Joe Biden are quite significant. Current polls show the Democratic candidate with a substantial[…..]
This year, we’re inviting a handful of our most trusted colleagues to share their ideas and expertise on topics of interest to our clients. As my grandmother used to say, “Growing old isn’t for the faint of heart!” This sage observation was usually in the context of the aches and pains of declining physical (or cognitive) health[…..]
“What will happen to my investments if [the candidate I dislike] becomes President?” This is a question I hear frequently during any Presidential election year and especially in contentious times. People are always worried that if the candidate they oppose becomes President, it will be devastating for the markets and their portfolio. It’s hard not to be[…..]
At Inspired Financial, we work with a wide variety of professionals that serve our clients in tax, legal, insurance, and other services. We enjoy collaborative relationships with our colleagues and often share our expertise with them to help them better serve all their clients. Recently, we prepared this blog with suggestions for when their clients are facing[…..]
Whether we like it or not, income tax plays an integral role in our relationship with the money we earn. While it may be difficult to conceptualize a time before its existence, income tax has been a fabric of everyday America for less than 80 years. It all changed in 1943 thanks to the government, World War[…..]
If you are leaving your employer (whether voluntarily or involuntarily), it’s important you get familiar with COBRA insurance, what it is, how it works and what it will cost you. The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a health insurance program that allows eligible employees and their dependents to continue health insurance coverage when an employee[…..]
As economies worldwide continue to suffer reverberations from the pandemic, I have spent a fair amount of time reflecting on recessions in recent history, (think early 2000s, and the Great Recession) in comparison to that which we are living through today. Like many others, I am often tempted to look for patterns because they offer a sense[…..]
This year, we’re inviting a handful of our most trusted colleagues to share their ideas and expertise on topics of interest to our clients. In this season of uncertainty, it makes sense to ensure that you protect yourself from the risks that you can in your life. For your home and car, that means checking that your[…..]
