Blog
We want our clients and community to be updated on the current financial environment. We will use this Blog to share our insights.
Are They Raising Taxes? (Biden's Proposed Tax Plan)
We can't escape taxes. They affect everything we spend and invest. We've created this short video to help clear up confusion surrounding the current administration's proposed future tax increases.
Read More"Step Up in Basis" in Relation to Inherited Assets
What does "Step Up in Basis" mean? Let's say you inherited an asset from your grandfather that he paid a certain amount for after taxes. If the worth of that asset increases over the years, grandpa would have to pay taxes on the...
Read MoreWhat is the Difference Between a Financial Advisor and a CERTIFIED FINANCIAL PLANNER™?
Basically, it comes down to the amount of training and ethics requirements. CERTIFIED FINANCIAL PLANNERS™ are required to take a two-year-long course before sitting for a ten-hour exam. We believe that every Financial Advisor should...
Read MoreIf Someone Inherits a Retirement Account do They Pay Taxes?
// We suggest meeting with a Financial Professional before making any changes to retirement accounts you have inherited. Since taxes have not been paid on these types of accounts, you will have to pay them. Fortunately, there are...
Read MoreMinor Beneficiaries
Can I Name A Minor as a Beneficiary on my 401K or IRA? This is a common misconception, but children who are still minors cannot inherit money directly from your 401K or IRA. If you do not set up these accounts correctly, the courts...
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10 Things You Should Know About the 2021 Stimulus Package
The $1.9 trillion American Rescue Plan was signed into law on March 11. The bill authorized another round of stimulus payments up to $1,400 for most Americans; extends additional, enhanced unemployment aid to millions still out of...
Read MoreHow Do I Know When I Have Enough Money to Retire?
// Unless you know your exact date and time of death, it is impossible to calculate the exact amount of money you need to retire. There is no set magic number for any person because every person's situation is unique. You can...
Read MoreIf I Give Someone a Significant Gift, Do They Pay Taxes on it?
The average person does not have to pay taxes on the gifts they receive under (ask Deanna if it's over or under - over mentioned in video) the annual limit we are given each year. There are two limits to pay attention to in order to...
Read MoreIf I Don't Itemize My Taxes, How Do I Deduct Charitable Contributions?
The world of taxes is ever-changing, but as of now, there are two ways to get Charitable Contribution Deductions: 1. Standard Deduction (given to you) 2. You itemize each of your Deductions This past year saw in increase in the...
Read MoreLife Insurance
// In order to protect your dependents when the unexpected happens, it is important that you determine how much life insurance you need to ensure that your family will continue living comfortably. Don't unnecessarily add the stress of...
Read MoreDoes My Financial Planner Need to Understand My Legacy Wishes?
// As you age, it is important to share your Legacy wishes with a trusted person (either Family or a Financial Advisor) so that you will be properly taken care of in your time of need. Be sure to share basic details about your...
Read MoreThe Three Most Common Taxes After Death
When someone dies, taxes are not the first thing on the minds of the loved ones left behind. Unfortunately, at some point, the heirs will need to address the taxes that will be due as a result of their loved one's death. There are...
Read More"The Times Are A-Changing": A Post-Inauguration Webinar
People typically have questions about the Financial Markets after the inauguration of a new President or during major world events. Let's look to the past to see if markets have been affected by these factors! When investing, if you...
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Women Do Not Buy Enough Life Insurance
Women may think their lives are worth the amount of money they make, but what about stay-at-home moms who do not have a traditional salary? Women have a wide range of responsibilities including being professionals, caretakers,...
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What's in the New Stimulus Package?
The latest COVID-19 relief bill officially called the "Consolidated Appropriations Act, 2021" has officially been signed into law. With a length nearing 5,600 pages, there is a lot to take in. Here are some highlights...
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Special $300 tax deduction helps most people give to charity this year
The Internal Revenue Service reminded taxpayers of a special new provision that will allow more people to easily deduct up to $300 in donations to qualifying charities this year. Following special tax law changes made earlier this year...
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Election 2020: A Dose of Patience
Election season has prompted some people to reconsider their investment strategy. In fact, 45% of consumers with $100,000 or more investable assets were expected to make changes to their portfolio due to the 2020 presidential election...
Read MoreElection 2020: Economic Issues at the Center of Attention
The economy was the top issue for voters in 2020. Voters' top three economic concerns included: international trade, corporate taxes and climate change. Allow us to explain how Trump and Biden influence these areas of concern.
Read MoreHealthcare and college bound kids
As parents and students prepare for college this fall, we want to share two documents to keep in mind: a Heath Care Proxy and FERPA waiver. 1) A Health Care Proxy gives parents of children 18 years or older health care information...
Read MoreQ2 2020 Market Update
Deanna emphasizes the importance of matching your investment portfolio with your TOLERANCE FOR RISK.
Read MoreMortgage Relief Options
There are mortgage relief options if you have been financially impacted by the COVID 19 pandemic.
Read MoreBe Present in Your Life
"The most important task that I have every day is to embrace each and every moment (good or bad) knowing that I'm safe and secure and my happiness comes from within."
Read MoreShould I Refinance?
Kate goes over how the current market trends might impact refinancing your mortgage rate.
Read MoreRoth Conversion: Does it Make Sense for Me?
Matt explains what a Roth IRA is and when it would make sense to convert a traditional IRA to a Roth IRA.
Read MoreDaily Routine Challenge
Now that everything has been completely turned up-side down with COVID-19, Deanna encourages you to create a daily routine to help return some normalcy into your life.
Read MoreStimulus Check Scams
Matt explains the stimulus payments and what to watch out for to prevent being defrauded in these trying times.
Read MoreSurrounded By Experts
Deanna talks about the research that we do at TimeWise Financial to decide what investments to include in our portfolio during volatile market conditions.
Read MoreCycle of Market Emotions
The markets can affect how you feel. Having an understanding of the role emotions can play in the market cycle can help you avoid making decisions based on feelings that my trigger an impulse to buy or sell at the wrong time.
Read MoreWhy We Shouldn't Worry
Matt talks about why we should not worry about what we are constantly seeing on the news every day.
Read MoreStay Strong, Stay the Course and Stay Optimistic
We are introducing a video series for our clients and community on how to stay strong, stay the course and stay optimistic during the uncertainty of the Coronavirus outbreak.
Read MoreElite Retreat, Press Release
Below is a Press Release from the Elite Retreat I qualified to attend with other advisors in order to expand my knowledge and share creativity.Deanna LaRue, a financial services professional in Woodstock, Ga, recently attended the...
Read MoreInvestment Management
Overwhelmed by the sheer volume of investment information out there? You’re not alone. Watch this Investment Management video for an overview of how I, Deanna LaRue, your HD Vest Advisor approach the investment conversation and...
Read More8 Wealth Management Issues
Time Wise Financial, LLC will be sharing a new video every Thursday. To start we will be sharing the commonly found 8 Wealth Management Issues. These videos will help any and everyone to better understand all the aspects of financial...
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