financial planner
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If you’re not in the habit of investing or saving now is a good time to begin – when you get your tax refund. Most people are getting some sort of tax refund now or very soon. It can be tough to save if you are spending practically everything you make. While you adjust your spending habits, you really need an emergency fund. Then you need to invest for the future (long term).
It’s easy to spend your tax refund on extra things you don’t really need. My tip is to resist that temptation and instead start a savings account. I really like ING Direct an online savings site. If your savings is a little out of your normal routine and you set it up so it comes out of your checking account automatically it discourages you from spending the money unless you absolutely must spend it.
If you already have a savings account, your tax refund may be extra money that you can invest. A Utah Financial Planner can help you with that. You don’t have to start big – but just starting is key.
Written by admin on March 28th, 2009 with no comments.
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It’s the time of year for taxes and we just got ours finished. It’s a big job even with our CPA. When people come in for a consultation my husband asks them to bring their tax forms. He can often point out things to look into. However, he’s not a tax preparer. Right now many people are doing their taxes and getting lost. They’re calling their financial planner for tax help with TurboTax (or other tax software).
Please remember that while he might be able to refer you to someone for tax help, your finanicial planner doesn’t support tax software or help you do your taxes. Thank you.
Written by admin on March 27th, 2009 with no comments.
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At one of the First Command Financial Planner’s meetings I attended I heard journalist Meryl Comer speak about her husband’s fight with Alzheimer’s disease. She talked about how much care and the high cost that was depleting their savings even though they were wealthy.
Today I heard NPR’s Talk of the Nation guests talk about a task force studying Alzheimer’s. You can listen by clicking on the link – and I highly recommend that you do listen to it.
Former Supreme Court Justice Sandra Day O’Connor spoke about her husband who has the disease. Former Speaker of the House Newt Gingrich and former Surgeon General David Satcher are also on the interview.
They talk about the extremely high cost – that it would take a stimulus package every 6 months to fund the expense of caring for baby boomers with the disease. They spoke of the stats that if you hit 80 years old you’re chances of getting Alzheimer’s disease is about half!! One in two!
Caring for someone with the disease is 24/7. In other words as the disease progresses you can’t leave a person by themselves day or night. It takes an enormous toll on families and marriages no matter how strong. It’s also very expensive to hire help or respite care because the disease can go on for years.
- Definition of Long-term care insurance.
- Long term care insurance is a type of insurance designed to help pay for services that provide assistance with specific activities of daily living a person cannot perform by himself or herself. These services may be provided in an assisted living facility, nursing home, adult day care center or private home.
First Command Financial planners in Utah highly recommend looking at long term care insurance as a way to manage the high cost of long term care due to Alzheimer’s or other chronic diseases. Call 801-703-2150 to request a free consultation from Stephen or use our contact form and he’ll contact you.
Written by admin on March 25th, 2009 with no comments.
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I’ve worked for a lot of startups and I love the rush of getting something started and seeing it grow. I’ve worked in a field that barely existed when I graduated from college. Very few companies I work with are even 10 years old. I love what I do, but I’ve gotten an inside view of another type of company.
Now that I’m married to a financial planner and through him I’ve got to experience another kind of business. One that’s been here a while. First Command financial planning company celebrates 50 years in business this year. They started off helping military families and now serve middle class America who want to plan for the future financially.
Here’s what impresses me about First Command:
Honesty. In good times fraud and cheating may go unnoticed, but not in today’s economy. Attitudes have changed quickly. Instead of being envious of the rich who flaunt their wealth, people have come to despise that. People have gotten reason back. I don’t think First Command ever lost that. They recently went through an intense audit and again I saw honesty and providing a good service at a good value. I appreciate their honest approach to business.
First Command treats their people well and reward the right things. Since First Command plans for the future they don’t have to panic at the last minute. They focus on training and developing their top performers for the long term. When we go to First Command events I can expect it to be well done and they do things with class. They take care of the small details to create a great atmosphere and get feedback on how to improve. They clearly reward success.
Values. The company isn’t panicking because of the economy. They have reserves. They apply the principles they use to guide their clients to financial security. I plan to post about their credit card and bank because it’s first class. Also, the company upholds values of integrity, loyalty, and freedom. They value marriage and families.
When my husband travels he’s not exposed to cheating and partying (they have fun but it’s not way out of control). There are examples of strong relationships – even in our office it is like family. We have a great time together.
At First Command’s 50th anniversary gala this month we talked to the person next to us at breakfast. He taught us about building a strong marriage. I learned from him and respected him by the time we finished eating. I have experiences like this regularly.
First Command seems to have aligned themselves with the values the military holds but seems to have strayed from. It’s like what network marketing wants to be but rarely achieves. In both, people own their own business but still have oversight from a parent company. Both preach values and tend to be creative and amazing at rewarding their top performers.
Every business has problems. Like many older companies there are things to grapple with. They’re not immune. I just have a lot of respect from what I’ve seen up close for the past eight months. I think my husband has been with them for 8 years now. I have never been with any company that long.
It’s been a stressful time of changes which I heard about while we were dating. But unlike other companies where they have clamped down on everything and hurt morale tremendously, the tone of the company is supportive. It is not condemning, distrustful, or threatening.
This week we had some important decisions, they met with the office and gave him advice, but they trusted their advisers and staff to come up with a solution. I just got a call from Stephen about a solution that looks like it will work. We’re both sleeping better!
Trust has never been more important and from my view, First Command is a company that deserves that trust.
Written by admin on February 5th, 2009 with no comments.
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My friend at Jibberjobber has been writing about age discrimination. He’s recounting the story of someone who lost his job and how a much younger replacement showed up. It wasn’t handled well and the man wasn’t prepared to retire early.
Today he gave this advice (I’m only focusing on two points, he made three. The last one was more specific to his situation):
(1) Financial discipline.
I was preparing for retirement. But, I should have done better. Saved more. Hired a financial adviser; not some brokerage flunky. Been more focused on the “what if”. What if the bridge comes up short? That was a question I should have been asking all along. How’s your financial pyramid? Can it stand up to a tsunami of a premature job loss?
(2) Diversified income stream
Followed my own thinking, I should have created my own internet business. Hard to do, yes. Shoulda, coulda, woulda. They will kill you. I had ideas that I could have “spun out”. The internet is perfect for “part time” jobs. Instead of trying to convince younger people to do it, I should have done it myself.
Starting an Internet business is a great avenue to develop another revenue stream. If you have an idea learn how to research demand online (using keyword tools which are often free).
Just like losing weight or any behavior change, having someone give advice and monitor progress improves results. A financial planner is like that. They can guide you so you’ll have a secure foundation and be able to weather financial downturns with less pain.
My husband, who is a financial planner in Layton UT talks about the people who come to his office AFTER something has happened. AFTER they get cancer and don’t qualify for insurance. Many live for now only, and have leveraged the future. Or, they are supporting adult children totally capable of supporting themselves. He’s very good at giving and living by his own advice to invest in your financial future. It’s harder for me.
As this man points out, you may need more money than you think to tide you through job loss and I add through whatever might come. Thankfully this man has the health and job skills to be availble for work.
Written by admin on November 12th, 2008 with no comments.
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Welcome to Utah Financial Planner. Our purpose is to keep you educated about financial planning and to keep you in touch with all that’s happening in the Utah Financial Planning community.
If you are a Utah financial planning company or adviser, please send us news about your company using the contact form.
Here are some of the topics covered on this web site:
- What is a financial planner?
- How do you find a good financial planner in Utah?
- Questions to ask a financial planner.
- How does a financial planner get paid?
- Certified financial planners in Utah
No matter what you income, building wealth starts with a plan and keeping more than you spend. According to a study of over 9,000 people:
- Saving increases optimism about your finances.
- As the ratio of savings to debt goes up, so do your feelings of security.
- Confidence in your finances grows when you have a financial plan.
We hope to encourage you to plan your financial future – in a bad economy or a great one – it’s smart to make and follow a financial plan.
Written by admin on October 15th, 2008 with no comments.
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