Posts by NORTHSIGHT WEALTH
4 Tips to Save For and Fund Your Child’s College Tuition
College is an investment in your child and your family, but it can come at a hefty price. Here are some tips to save! College and other forms of higher education have always been a vital part of planning a career. The foundation of any resume, a recent study interviewing 500 professional recruiters showed that…
Read MoreAre You Retiring Within the Next 5 Years
What to focus on as the transition approaches You can prepare for the transition years in advance. In doing so, you may be better equipped to manage anything unexpected that may come your way. How much monthly income will you need? Unfortunately, there is no “magic” number for everyone to strive for. Instead, examine your monthly expenses,…
Read MoreHow Big Events Like Ukraine Can Impact Your Retirement
World events can impact your retirement, but you can be prepared! The past few years have shown us that big world events can impact our lives at any moment. Sometimes we see them coming. Other times, we don’t have the ability to prepare and buckle in for the turmoil ahead. The COVID-19 virus is one…
Read More6 Facts About Taxes
Individual income tax returns for 2021 will be due April 18th, 2022. In preparation as we head into the tax season, here are some facts to consider. 1. Where your tax dollars go. In 2021, the federal government spent $6.82 trillion, which equals 30% of the nation’s gross domestic product. Three significant areas of spending make up…
Read MoreThe Importance of Having a Financial Advisor
Some studies indicate that people with financial advisors experience higher portfolio gains, anywhere from 1.5% to 4% higher, according to Fidelity. But even if you could navigate the market like a pro all by yourself, should you? Here are the top reasons you should hire a financial advisor. To act as a coach to keep you…
Read MoreYour 2022 Financial To-Do List
Things you can do for your financial future as the year unfolds. What financial, business, or life priorities do you need to address for the coming year? Now is an excellent time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to managing your…
Read MoreYour Year-End Financial Checklist
The end of the year can help remind us of last-minute things we need to address as well as the goals we want to pursue and get serious about. To that end, here are some aspects of your financial life to contemplate as this year leads into 2022. Your investments. Set up a meeting to review…
Read MoreThe Latest Facts About Social Security
On October 13, 2021, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 5.9 percent cost-of-living adjustment (COLA) for 2022, the largest increase in four decades. This adjustment will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2022. Additionally, increased payments to more than…
Read MoreWhat To Do If You’ve Lost a Retirement Account
A recent study found that the problem of “forgotten 401(k)” and pension accounts is widespread, and amounts to approximately 24 million accounts containing $1.35 trillion in assets. The issue is so big that Congress is considering creating a national online “lost-and-found” database to help people track down their accounts as part of a larger bill containing more…
Read MoreRetirement Saving at Each Age
While it’s true that each person is unique and every financial plan should be customized according to their situation, it is generally accepted that people should start saving for retirement early in their lives so they can take advantage of compounding returns. Here is some general information and things to consider about saving for retirement…
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