Between now and the end of the year, I will post additional up-to-date summaries of financial and tax ideas for your
digestion and benefit. Suffice it to say that those who are the “rich”
amongst us will be paying heavily federally and more now for California income taxes. Not a happy comment, but true nevertheless. This
means that effective tax planning and strategic retirement cash flow planning
are more important than ever. Additionally, the market has already responded
to this reality with a significant decline in values, losing over 3% of its
value in two days after the elections. True diversification, balance and hard
work are required to protect capital at this time. Always remember the simple
saying, “this too shall pass” when times are tough, and bask in the good and
happy times when you are privileged to have them. Life is a combination of
peaks and valleys, and the secret is to be temperate, calm and learn to enjoy
the journey regardless of the altitude!
There is a lot
going on this time of year, not to mention the most important thing this month, which is
Thanksgiving. When I start feeling a little down about the economy, taxes,
politicians or market corrections, I simply give thanks and think about the
most important things in life, which are family, friends, clients and all
important relationships, good health, my belief in a Creator who has it all in
hand, and hope for a better future. We are truly blessed to be here, in spite
of the challenges we face. Living here still beats by a long ways
anywhere else, in my humble opinion. I am very grateful for my clients' friendship, kindness, loyalty, trust, and business that
allows me to keep serving and helping others with everything financial
and retirement oriented.
This is a personal blog and is for informational purposes only. This information is not intended to be a substitute for specific individualized tax, legal or financial planning advice as individual situations will vary. For specific advice about your situation, please consult with a lawyer or financial professional.
This is a personal blog and is for informational purposes only. This information is not intended to be a substitute for specific individualized tax, legal or financial planning advice as individual situations will vary. For specific advice about your situation, please consult with a lawyer or financial professional.