Tricks and Treats in the Scary World of Finance Here are 3 things to look out for in your personal finances: High Interest Credit cards (up to 22%) Forgotten / unspent gift cards Unchecked auto-payment on utilities / services and subscriptions. Take control of these scary situations! Prioritize to payoff those high interest credit cards […]
Tax Planning Tip: Required Minimum Distributions (RMD) are mandatory IRA Distributions starting at age 70 1/2. The IRS enforces this rule with a hefty 50% penalty for non-compliance! One option to consider to minimize your tax obligation is to have your RMD paid straight to a registered charity. Of course you’ll want to verify that […]
Equifax has dominated headlines recently due to a security breach that may have compromised personal information for as many as 143 million Americans – roughly 44% of Americans are at risk from this intrusion! Identity theft is nothing short of a nightmare for its victims, so investors are understandably anxious to protect themselves. James’ interview […]
Is your kid going to be the next Payton Manning or Olympian Gymnast?? You know that having a good coach for them is essential, so how about a good coach for you? For 7 years I coached travel Hockey with my daughters team. I learned a lot in those years about the hidden costs of […]
Is your New Year’s resolution to be better with your money? For so many of us, our resolutions about budgeting, spending and saving turn into epic fails year after year. Financial professional James Gallagher talked with FOX4 about 5 common reasons budgets fail: 1. Your Goal Isn’t Clear 2. You’re Using the Wrong Numbers Click […]
We have a tendency to over-do it at the holidays- too much eggnog, sweet treats and shopping. A new survey found 62% of parents admit to overspending at the holidays. That may not be surprising, but the way they are funding their fun should be. Many are dipping into emergency funds or raiding retirement accounts! […]
The most important December “to do” list may not be related to shopping or parties. Checking your financial list twice could be the best gift you give yourself and your family. Financial professional James Gallagher talked with FOX4 about what we should all put on our year-end “to do” list. 1. Health 2. Wealth 3. […]
Parents need to discuss family finances with their adult children. Financial professional James Gallagher talked with FOX4 about how to start that conversation and what topics should be covered: 1. Legal 2. Healthcare 3. Income & Expenses 4. Financial Records Click HERE for a checklist of important financial information that you should make sure to […]
The budget deal reached in Washington will keep the country out of default and avoid a partial government shutdown. It will also impact millions of Americans and their finances.
Ever wonder where your extra cash is going? Financial professional James Gallagher talked with FOX4 about scary money mistakes many of us are making. Scary Money Mistakes: 1. Credit Card Payments Click HERE for an interest rate calculator 2. Energy Errors 3. Social Security Mistakes* 4. Unused Gift Cards 5. ATM Fees Put your extra cash to […]
We call this process The Journey.