Many employer-sponsored health plans offer a variety of options all focused on reducing your tax liability. Health plan premiums are generally paid with pre-tax dollars, reducing your tax liability. The type of plan you choose can have other tax savings benefits. Flexible Spending Account A … [Read more...] about Maximize Tax Savings with Health Benefits
Steven Calabrese
How to Minimize Taxes
This is not meant to be an all-in total tax guide, but rather some valuable high-level education on taxes to help you dig deeper and minimize your tax liability. As every situation is different, a tax expert should be consulted. The best place to start is to begin to educate yourself as to how … [Read more...] about How to Minimize Taxes
How to Invest and Grow your Wealth
How do you invest and grow your wealth with markets down and inflation up? Are you kidding? No, as a matter of fact this may very well be a perfect time. But we are in a bear market. Consider that stocks are on sale. Will they rebound? Let’s see what history tells us! What is a Bear Market? A … [Read more...] about How to Invest and Grow your Wealth
Buying a Home
Continuing to build our financial plan, we will now discuss an important aspect for you to become successful. Buying a home is not as simple as you think. There are several options and variables that must be considered when buying a home. We will discuss them as we make our way through important … [Read more...] about Buying a Home
Getting Educated About Financial Planning
As we continue building our financial plan, we will now discuss a very important aspect for you to become successful. Education; yes, education. We will step out for you some things for you to consider. I always laugh when I hear someone say, “I can’t wait to get out of school.” Really? If you … [Read more...] about Getting Educated About Financial Planning
How Proper Debt Management Will Make You Wealthy, Part II
In last month’s column, we discussed the different kinds of debt. In this column, Part II of our discussion on eliminating debt, we will explore how to create a foundation for building wealth. If you missed Part I, you can read it here: … [Read more...] about How Proper Debt Management Will Make You Wealthy, Part II
How Proper Debt Management Will Make You Wealthy
Several debt management strategies can be implemented that will put you on the path to accumulating wealth. I would like to take a look at several types of debt and begin to dissect them. Finally, I will make a recommendation as to one possible way to attack your debt. How Much Debt Do Folks … [Read more...] about How Proper Debt Management Will Make You Wealthy
How to Create a Budget for Success
As we continue building our financial plan, this month, we will go deeper into building a budget for success. Creating a budget for your financial success is the most important element in wealth building. Always start with the foundation. When you build a house, the most essential and critical … [Read more...] about How to Create a Budget for Success
Creating a Winning Financial Plan, Part II
In May’s Quad Cities Business News, we discussed the foundation of a winning financial plan, including creating a budget and managing debt. In Part II, we will continue to build on that foundation. Education Being qualified for employment is essential. What is it you have a passion for? Can … [Read more...] about Creating a Winning Financial Plan, Part II
Creating a Winning Financial Plan, Part I
Many people wonder why they do not win from a financial aspect in life. The number one reason is they lack a winning financial plan. The saying goes, “If you fail to plan, you plan to fail.” The following will help you begin to develop a winning plan. When you have a plan, you have a goal. With a … [Read more...] about Creating a Winning Financial Plan, Part I
