Debt can have a crippling effect on a financial plan, so it is important to identify the wrong types of debt and pay them off quickly. The Debt Snowball method focuses on paying off your smallest debt first and then adding those payment amounts to the next smallest...
Employees should never be afraid to ask for a raise if they feel their current pay does not reflect their hard work and contributions to the company. It is important to come prepared to the conversation with a target amount in mind, especially if this can be supported...
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...
