Recently Treasury I-Bonds have received a lot of press. It makes sense in this low interest rate environment why they would be talked about-a government bond paying an annualized rate of 7.12%!
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Intentions & Goals for the new year
Intentions & Goals for the New Year – Happy New Year! What are your intentions for this year? Is there something specific you really want to make happen?
Continue readingRest, Relax and recharge
“Sometimes the best solution is to rest, relax and recharge. It’s hard to be your best on empty.” –Sam Glenn
This is the last week of 2021. There’s not much going on in the US during this week between Christmas and New Year’s. I hope everyone has the opportunity to visit with loved ones and, most importantly, take some down time. It’s hard to gear up for the New Year and all the good things it has to bring if you are not your best self. Enjoy some self-care time this week so that you are ready to take on 2022 like a champ!
Financial Journey LLC is a registered investment advisor offering advisory services in the state of Virginia and in other jurisdictions where exempted. Information provided is for educational purposes only and not, in any way, to be considered investment or tax advice.
Give Smarter and Make a Greater Impact with Philanthropy
What inspires you to give? Most of us give for the same basic reasons. We want to help others, make a positive difference in the world—and giving feels good. It makes us happy and connects us to the causes we care about. Studies show that most charitable folks give according to their values or to support causes they care about. But they don’t always have a strategy around giving or a way to monitor for impact.
Continue readingHow to Pay for Travel
I absolutely love to travel. I even have different folders in my email for reservations and plane tickets. These folders are rarely empty because I love having a trip to look forward to. Travelling is not cheap when you think about hotels, airfare, eating every meal out, car rentals and spending money for sightseeing. People approach budgeting for travel in different ways-some save up and purchase everything at once; others pay for things along the way.
Continue readingFinancial Planning-is it Easy?
Over the years I have gained lots of experience in financial planning with seeing so many different scenarios-not one person’s situation is the same. Also, the CFP(R) curriculum consists of an education piece that really lays out a great framework in the Financial Planning process. When you start with a good framework that has pieces that can be replicated and add real life situations to this framework, it becomes second nature.
Continue readingCapital Gains Distributions
As we are approaching the end of the tax year, you may start seeing some capital gains distributed by some of the investments you hold-mainly mutual funds.
Continue readingWhat Are you Grateful For?
It is Thanksgiving week and I thought it would be nice to step away from talking about money and finances and be grateful for the people and things in our lives that money cannot buy. I’ll start. I have so much abundance in my life that I am grateful for. I could not ask for a more loving and supportive family than I have now. I am grateful that some of us will spend time together this week and cook some of our favorite traditional Thanksgiving foods. I am also grateful for time-I know this is limited and I try to make the most of it, filling it with things that bring me joy-family, friends, being outside, travelling, animals (Rocky & Marley especially!) Whatever it is that you are grateful for, make sure you spend time acknowledging what those things are and bringing more of it into your life.
Happy Thanksgiving!
Financial Journey LLC is a registered investment advisor offering advisory services in the state of Virginia and in other jurisdictions where exempted. Information provided is for educational purposes only and not, in any way, to be considered investment or tax advice.
IRA’s With Alternative Assets And The IRS Crackdown
You may have seen headlines recently about proposals to crack down on IRA’s with large balances and alternative assets. More specifically, Paypal founder Peter Theil has really been in the spotlight with his ROTH IRA balance of $5 billion due to the appreciation of his Paypal stock and then subsequent investments.
Continue readingCharitable Giving
If you are charitably inclined, what is the most tax efficient way to give to those charities?
Let us start with standard deduction versus itemized deductions. Your itemized deductions must exceed your standard deduction for any tax benefit. There is a caveat for 2021, cash donations up to $300 for single filers and $600 for Married Filing Joint are allowed as above the line deductions.
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