Grandparents, you know you want to spoil the grandkids, but be mindful of your spending. James discusses some ways to make the most impact and maybe help teach kids about money management while they're young.
How much should I be saving for retirement? How much money do I need to retire? Big questions! In James' recent appearance on FOX4TV, he tackles some of those questions with some simple rules-of-thumb to help you get started on the path to a successful retirement (and how to know when you have enough)! See the video for more details.
How will tax reform affect you and your retirement?! Tax reform is on the agenda in 2017 and be aware of its impact to your retirement savings. At this time it appears that the 401k deduction of up to $18,500 is safe. Make sure you maximize your 401k for tax savings and maximize your employer match too. How much will I need to save for retirement to keep the life-style...
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 as soon as possible. Don't put those giftcards away and forget about them. Go find...
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 youthful athletic dreams. I also learned that those dreams are worth fighting for. They bring...
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 HERE for a budget worksheet to get you started 3. You’re Not Realistic 4. Emotions...
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! James Gallagher talked with FOX4 about holiday budget busters. 1. Winging It Click HERE for...
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. Taxes 4. Debt: Click HERE for a debt worksheet to get organized 5. Dream
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 discuss with your adult children. Remember, knowledge now will prevent headaches later.
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 good use! Use this worksheet to organize your debt. *Not associated with or endorsed by the...
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