Most of our blogs deal with topics related to finance. Since we really care about the overall well-being of our clients here at FPS, we sometimes veer off in a more health related direction. Hey, if you are financially secure that is great but if you are too stressed to enjoy life what good is that? This is one reason you will find our weekly newsletter unlike any other newsle
Nothing changed for investors with regard to the new tax law. But other tax law changes have renewed focus on making the most of your investment decisions. This is especially important after such a strong year for US and foreign stocks in 2017. Many investors now have significant unrealized gains and few, if any, losses to offset those gains.
For the last couple of decades, homeowners have benefited from a tax-deduction for the mortgage interest they pay on their residence. Some would say that as a result homeowners have been using their homes as an ATM machine by making withdrawals at low rates whenever they need money. This incentive has helped propel home ownership and, the housing and real markets for many years.
Well, I'll tell you what it's not. It is not investing in the next hot stock (or Bitcoin). In fact, that's not really even investing. That's called speculation.
True financial planning is an ongoing disciplined process where you make logical and well thought out steps to help you achieve your financial goals.