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Your Ever Changing Future Is No Place For A “Rule Of Thumb”

By | 2017-06-23T16:03:12+00:00 June 23rd, 2017|Categories: Personal Planning|Tags: , , , , , , |

Do you go to a doctor when you get sick?  Of course!  Do you take your car to the mechanic?  You bet!  This makes it interesting why so many people choose to act as their own financial advisor.  Having 6 different mutual funds might cause someone to brag about how they are diversifying, or perhaps a [...]

Matt’s Monthly Money Must Do’s

By | 2017-06-14T15:17:41+00:00 June 13th, 2017|Categories: Personal Planning|Tags: , , , , , |

July is usually hot, stormy, and always unbelievably busy, so I can understand your financial to-do list usually takes a back seat.  I, however, think you can easily accomplish on of these tasks in less than 45 minutes out of the 44,640 minutes available in July. Re-evaluate your homeowners/renter’s insurance Summer is usually a good time [...]

What Are Your Summer Plans?

By | 2017-06-14T16:59:32+00:00 April 28th, 2017|Categories: Personal Planning|Tags: , , , , , |

People either love or hate April.  I personally like it for a few reasons: busy season is over, my refund check is in the mail, and the weather is changing.  Not everyone gets to share in the same experiences as me since their busy season might be different, they may owe come tax time, or they [...]

Guiding Principles for Changing Markets

By | 2017-06-14T17:26:15+00:00 April 19th, 2017|Categories: Personal Planning|Tags: , , , , , |

“What is your intention?”  It’s a big question, and one that leads nearly every aspect of your life – including the parts that deal with money. An investment intent is based on the intractable belief we have in the principles and practices that guide our decision-making for our investment portfolios.  In times of market upheaval and [...]

Financial Basics for Millennials

By | 2017-06-14T17:19:07+00:00 April 17th, 2017|Categories: Personal Planning|Tags: , , , , , |

With age comes responsibility, so if you're a young adult in your 20s or 30s, chances are you've been introduced to the realities of adulthood. While you're excited by all the opportunities life has to offer, you're also aware of your emerging financial responsibility. In the financial realm, the millennial generation (young adults born between 1981 [...]

New Year’s Resolutions

By | 2017-05-24T14:15:18+00:00 February 17th, 2017|Categories: Personal Planning|Tags: , , , , , , |

Resolutions are supposed to be your intention for the new year, not a to-do list for the first week of January that is never fully completed.  I have yet to see someone accomplish a resolution within a week.  We usually get “busy” and  stop caring about what we set out to accomplish within the first couple [...]

Why Planning is Important

By | 2017-05-09T22:14:05+00:00 October 17th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , , |

If you have spent any significant time with the Mackey Advisors team, you have probably realized that we sometimes sound like a broken record when it comes to the concept of “planning”.  That is because almost every new client we work with, we continue to reinforce this huge importance. Often that importance is not just placed [...]

Medicare Open Enrollment Begins October 15, 2016

By | 2017-05-09T22:14:00+00:00 October 7th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , |

Medicare open enrollment period allows you to make changes to your current plan.  What is the Medicare open enrollment period? The Medicare open enrollment period is the time during which people with Medicare can make new choices and pick plans that work best for them. Each year, Medicare plans typically change what they cost and cover. [...]

IRS Announces New Waiver Procedure for Taxpayers Who Inadvertently Miss the 60-Day Rollover Deadline

By | 2017-05-09T22:13:59+00:00 September 29th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , |

Background--direct and indirect (60-day) rollovers If you're eligible to receive a taxable distribution from an employer-sponsored retirement plan (like a 401(k)) you can avoid current taxation by directly rolling the distribution over to another employer plan or IRA (with a direct rollover you never actually receive the funds). You can also avoid current taxation by actually [...]

Tax Time Starts Now!

By | 2017-05-09T22:13:59+00:00 September 28th, 2016|Categories: Business Wise, Personal Planning, Uncategorized|Tags: , , , , |

Fall is the time to think of the leaves changing, the weather turning cooler, and…taxes.  While the 2016 individual tax deadline is not until April 15th, there are things that you should consider now that are just as important than that dreaded deadline.  Individuals file their taxes on a cash basis, which means that most things [...]