We believe debt can have a strong negative influence on your financial plan for two main reasons. First, the money that is being charged in the form of interest is being paid to the lender rather than being kept for another potential financial goal. The more debt you...
We believe the recent high inflation has caused many individuals and families to struggle to pay their monthly bills. If you’re also looking for ways to boost your income, check out our recent blog post on Increasing Monthly Income This blog entry will focus on...
Qualified Dividends receive preferential tax treatment as they are taxed as capital gains, provided they meet certain requirements. Non-Qualified Dividends do not receive any additional tax benefit and are taxed as ordinary income. The majority of dividends that are...
Retirement Planning Done Right: Work with a Fiduciary | Analyze Your Portfolio | Strategies to Reduce Taxes written by our advisory staff here at Summit Financial Consulting, LLC. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy written by...
The main two types of debt are Secured and Unsecured. The interest rate received, and the tax deductibility of the interest are two primary ways to evaluate the quality of debt. It can be hard to retire with a large amount of debt, so we typically recommend clients...
