Taxes drive a lot of our personal finance and many everyday decisions. Strategies to minimize taxes, both now and in retirement, drive many investing decisions as well. One potential way to minimize taxes in retirement is by investing in a Roth IRA. With a Roth IRA, the account is funded with after-tax dollars by making […]
Financial Planning, Retirement, Taxes
Roth IRAs Have Some Significant Benefits. Here’s How They Could Help You.
12
Oct
Oct
You’ve probably heard of a Roth IRA — it’s a retirement account that you can contribute to with after-tax dollars. Though there is no up-front tax break, dividends, interest, and capital gains are tax-free as your account grows. When you make a qualifying withdrawal after you retire (or at age 59 ½), you don’t have […]
19
Jul
Jul
Many people often wonder if it is worth it to pay a financial advisor to manage their wealth. I hear this question often, and it’s an excellent question with an answer that depends on your personal situation and many factors. At One Life Financial Group, we work primarily with small business owners, physicians, dentists, and […]
Financial Advice, Financial Planning
Surviving the Texas Power Outage: Lessons on Being Prepared for Financial Emergencies
18
Feb
Feb
Texas just endured a historic winter storm, and my family and I just happened to be there when it occurred. In the middle of all this chaos and disruption, I’m thinking about how we are handling this emergency and how it relates to financial planning. It got me thinking about the many similarities between the […]
16
Dec
Dec
Will you need to do any last-minute shopping this holiday season? I do! If you need last-minute tax strategies, we have those for you. Below are six last-minute strategies that could reduce your 2020 tax bill; these are ideas that could reduce your tax bill or increase your tax return. DISCLAIMER – Before you read […]
27
Nov
Nov
One of the worst times to worry about market headlines is during the holiday season. Below are three ideas that can help you worry less and focus on what matters most during the holiday season. 1. Capture gratitude. Science suggests that capturing gratitude regularly can help you worry less and lead to a happier and healthier […]
09
Oct
Oct
Have you ever tried to have a phone conversation while someone (spouse, child, or stranger) was trying to get your attention or making a lot of noise? When it comes to managing your wealth, news outlets can be just like those distracting people who pull your attention away from what you are trying to do. […]
04
Oct
Oct
Trying to beat the market is kind of like trying to individually guess how many jellybeans are in a jar. If you’ve participated in that type of a guessing game, you likely found that two things were true. The guesses were all over the board, and the average of all the guesses was shockingly accurate. […]
20
Sep
Sep
Are you worried that a recession might be around the corner? Do the ups and downs of the market stress you out? Do you currently hold an S&P 500 index fund as part of your long-term investment portfolio? If you answered “yes” to any of the above questions, the link below might be of interest […]
20
Sep
Sep
Do you wonder if you’re missing out on opportunities to get higher returns for your investment portfolio? Do you feel stressed out about drops in the market or headlines in the news? The link below includes insights about how a shift in expectations and perception can lead to a happier financial life. If you’re interested […]