Smart moves to maximize your Tax Refund

1. Start an Emergency fund. If you don't have an emergency fund, strongly consider opening one and depositing your windfall for a rainy day. While it might not be enough to create a full- fledged emergency fund, it'll be a good start.

2. Pay down your debt. Whether it's credit cards, an auto loan, or a student loan, you need to get that monkey off your back. So add your windfall to your debt snowball and keep on digging.

3.Adjust your withholdings. You should consider adjusting your withholdings so you don't end up giving the government an interest free loan during the upcoming year.

4. Up your current saving rate. Most American are not saving nearing enough for retirement. Although 10% is a good starting point, you should keep increasing your saving rate until you are near 30% saving rate.

5. Look into Increasing your protections. Make sure all your protection are in order. Health, disability, home, auto, and life insurance. If you are not properly protected everything you are building and saving for can be taken or lost in an instant.

Any questions or comments, please feel free to respond, post in comments or call us at 347-661-6234

The Simple Financial Plan for City Workers

The Simple City Worker Financial Plan

These 7 simple steps are the basis for creating a solid financial plan for you and your family. Many individuals and families are reluctant to start the process of reviewing their financial situation because they feel it is very time consuming and can become a very complex process. This is why I have created these 7 steps to start you on the right track and make the process simple and more enjoyable.

1. Protection First - Full Replacement / Lifetime Protection

  This refers to having all your Insurances (Health, Life, Property & Casualty, etc.)
  reviewed. Without the proper protections (foundation), everything else you build
  can be taken lost or  taken away.

2.Eliminate Bad Debts

   Remember keep it simple, get rid of CREDIT CARD Debt.

3.Create A Budgeted Lifestyle

  This means learn what $ is coming in, and what $ is going out each month.
  Truly live within your means. Be true to yourself and your family.

4.Increase Your Savings

  Pay yourself first, build a simple saving account/ money market account. This step may
  take some time, but it is well worth it. This will help you stay liquid, also having available
  funds on hand with no penalties and no fees. Very Important !!!


5.Reduce Tax Exposure

 This step involves reviewing your your overall finances with a financial planner and
  your CPA (accountant).

6. Minimize Risk

   This is where you should be gaining your education/ knowledge on how risk and
   reward can benefit you  or can hurt you. A basic understanding is needed for this
   step to evaluate your needs.

7. Overall Rate of Return

   Although this is a important step, it has been proven that if put number 1, you are
   chasing returns. Which means you are assuming a certain percentage to assure

   you and your family a safe and happy future. Again you will be LUCKY if this

   works for you. Saving on a consistent basis will give you and your family a safe
   and secure financial future.

   ALTHOUGH SIMPLE, THIS PLAN HAS
  BEEN STRUCTURED TO MAXIMIZE
  LASTING WEALTH WITH CERTAINTY
  NOT LUCK!!!

PLEASE CONTACT VINCENT (347-661-6234) TO SET UP A APPOINTMENT
TO DISCUSS HOW THIS PLAN CAN WORK FOR YOU AND YOUR FAMILY.