A March Letter to Clients: Tax Time – Tips to Cut Your Bill
The IRS announced that January 23 was the start of the 2023 tax season—or the date the IRS began accepting 2022 tax year returns. If you have yet to file, most taxpayers have until Tuesday, April 18, 2023, to submit their tax return or request an extension. Taxpayers requesting an extension have until October 16, […]
Exercise Your Financial Muscles to Get Financially Fit
“Those who work their land will have abundant food, but those who chase fantasies have no sense.” This ancient advice from Proverbs illustrates the importance of financial fitness. What is financial fitness? Well, we are all familiar with the term physical fitness. If pressed for a definition, we might define it in terms of our […]
How the Change in Retirement Laws Will Affect You
How the Change in Retirement Laws Will Affect You We trust everyone had a wonderful holiday season. Whether you reached your personal goals last year or faced challenges, a new year brings new opportunities and a fresh start. Let’s jump right into this month’s topic. The Setting Every Community Up for Retirement Enhancement Act […]
Six Steps To Estate Planning In Bountiful, UT
Did you know that the Covid-19 pandemic increased the overall U.S. awareness of the need to have a will, living trust, or other similar end-of-life document, prepared? According to an August 2022 survey from Caring.com (senior living referral service): 50% think estate planning is somewhat important 33% have these plans in place 67% are leaving […]
Is A Will the Same Thing as a Trust? No…
Though they are often mistaken for one another, a will and a trust are very different legal documents. Both are legal instruments that ensure any assets passed down to heirs and beneficiaries are in accordance with your wishes. While each is considered a pillar of estate planning, there are several disparities to consider, such as […]
What Is An Estate Plan And Why Do I Need One?
When you think of the most precious memories and treasured items of your loved ones, what comes to mind? Whether it was quality time spent with family members, the family farm, or a pocket watch of your great-great grandfather, passing along your most valuable items matters. Even if it might not feel like a top […]
5 Risk Management Solutions You Need to Know About
You might be familiar with the concept of risk and how it works, but do you know how to apply strategies for managing it? Risk is an inescapable part of investing, and if you have the knowledge, you can take action to minimize its impact. This ability to minimize risk can result in significant and […]
What Is The Difference Between Financial Planning And Wealth Management?
Financial planning and wealth management are often used interchangeably, but there are some subtle differences between the two. In order to help determine what kind of help to seek, or what kind of professional to reach out to, understanding the difference between financial and wealth management is a solid place to begin. Financial planning is […]
6 Tax Secrets the IRS Doesn’t Want You to Know
The IRS knows that taxpayers research how to avoid paying taxes, so why would they make it easy? The power of the people resides in getting educated, and a financial advisor, Bountiful, UT based is ready to support you in your quest for knowledge. When thinking of the Internal Revenue Service, what comes to mind? […]
How to Avoid Paying Taxes with Charitable Giving
Through the act of giving, we receive. How wonderful that this also applies when tax season rolls around. It’s that time again, so learn to reap the benefits of your tax planning initiatives! Need help with tax-deductible charitable giving? Now is the perfect time with Advanced Retirement Strategies (ARS)! While gathering tax documents […]
