About WiserAdvisor University
WiserAdvisor University is designed to provide you with
high-quality information about investing and finance straight
from those who know best: financial professionals.
The University includes hundreds of informative articles on
dozens of topics of interest to individual investors like you.
If you find an article informative and would like to be contacted
by a financial advisor, we encourage you to fill out our simple form.
The WiserAdvisor service is free, objective, accurate, and confidential,
and will match you to qualified financial advisors who can help you reach your investment goals.
About WiserAdvisor.com
WiserAdvisor.com is an independent and unbiased matching service designed to help individuals find the best financial advisors for their unique needs.
This easy-to-use system prides itself on its simplicity and accuracy. After you fill out a simple form, our algorithms search through the thousands of advisors in our system and provide you with up to three advisors who are best able to help you accomplish your goals.
|
|
|
|
Other Articles
|
|
|
|
|
Strategy
Tax Considerations
By Michael Chadwick
President, Chadwick Financial Advisors
Refunds Too Large
If you are getting more than $1,000.00 back in tax refunds each year combining federal and state you are missing a great opportunity to increase your wealth. When the government uses your money all year long you lose the interest the money could have earned all year long, this is an example of an “opportunity cost.” Change your estimated payments or your W-4 withholding to put more in your checkbook each month and save that newfound money.
Income Increases
If you get a raise or the income of your business grows, save part of the growth. It will allow you painlessly save and simultaneously enjoy a better standard of living today. This is a habit you want to build early. Many have become very wealthy and happy by not changing their standard of living as their income grows.
Changes in Expenses
When you have been paying for something that eventually ends but is not a debt. Examples of this include daycare, school tuition and medical care. When these expenses disappear it is a great time to begin keeping those dollars for yourself and
Debt Consolidation
When you consolidate debts by refinancing your home and including other payments such as auto, student loans, credit cards, etc. The amount of your payment reduction should go to savings and investing. If we have not spoken in the past few months, call the office immediately to discuss the feasibility of debt consolidation and refinancing in today’s low interest rate environment.
Click here to submit request>
Go Back to Topic Page>
If you are an advisor and would like to see your articles published, click here
Article reprinted by permission. Unauthorized reproduction of content prohibited.
|
|
|
|
