The tax due date of the current year is in April of the following year. However, when it comes to tax planning, you should not wait until then. Tax planning is different than tax preparation which I covered in my previous blog post here. There are some tax planning opportunities you can only take advantage of before December 31. This week I will only cover individuals. Business owners will be covered in a different post.
What does a financial planner do in your mind? Investment planning? Tax planning? Insurance planning? Retirement planning? Estate planning? Yes, those are some of the specific services a financial planner can offer. However, what are the real values a financial planner typically provides behind those services? This week I would like to share with you one of the best descriptions of the key value propositions that a good financial planner provides from Mitch Anthony. It articulates what you should expect from a good financial planner.
It's time for our quarterly market review again. This quarterly material is to help you reinforce the concept of diversification, and serve as a reminder that you should view daily market events from a long-term perspective and avoid making investment decisions based solely on the news.
You could also learn how to evaluate the actual cost of a mutual fund and why it matters from the article, "Total Cost of Ownership”, on the last three slides. Enjoy reading!