We all have a number of goals in life that we want to accomplish and saving for retirement is a priority for everyone. During our working years, we are trying to produce income and accumulate wealth. We grow our businesses and advance our careers. Asset purchases like homes and cars are made. We save for […]
The United States has one of the most complex tax systems in the world. This guide to U.S. taxes will familiarize you with the types of taxes Americans pay. Raising revenue for the federal government is the primary purpose of our tax system. It comprises 40 percent of all money the U.S. Treasury takes in. Roughly half of all tax revenue is in the form of income tax. Yet, there are many different types of taxes that Americans pay. The better you can understand taxes, the more you can reduce taxes.
One common goal that all Americans share is to retire as early as they can. Maximizing your retirement income will give you the option to do so as early as possible. During our working years, we are constantly juggling the responsibilities of supporting a family, career growth, and paying down the mortgage. But retirement is […]
Types of 401k Rollovers Direct Rollover A direct rollover is when your 401k provider issues a check made out to the custodian where your IRA is held. For example, if your IRA was held at Charles Schwab, the check would be payable to: “Charles Schwab fbo John Smith.” This is the most popular 401k rollover […]
What’s New In 2020 Changes to Standard and Itemized Deduction Limits The CARES Act passed earlier this year allows donors to use a universal tax deduction of up to $300 on their 2020 tax return if they take the standard deduction. This provision means that all taxpayers who don’t itemize deductions can give $300 and […]
Determine Your Needs As with a good financial plan, your search for a financial advisor should be centered around your specific needs. While most traditional financial advisors from the 1980’s and 1990’s focused on investments and stock-picking, many financial advisors today provide comprehensive financial planning services to their clients to help them make better financial […]
None of us will ever forget what we are going through right now – I know I won’t. It so happens that my birthday dinner plans fell on the same Friday that “shelter in place” orders were declared in California. As I sat on my couch by myself watching the movie Contagion (might as well […]
Are you prepared to overcome the 3 biggest obstacles in retirement? Our free RetireNow™ Checkup will tell you where you currently stand and how to:
Retirement planning is inherently complex and confusing. Satori Wealth Management guides clients through a robust 5-step RetireNow™ Checkup that prepares clients to make confident, informed retirement decisions so they can enjoy rich, fulfilling lives doing what they love to do… not what they have to do.
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