Archive

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.

Just like Goldie Locks – you want to get the withholding on your taxes “just right”.  If you withhold too much, you’re giving the Government an interest-free loan.  If you withhold too little, you’ll get hit with a big tax bill when you file your taxes.

Financial Advise for Valentines Day?!  How can that be romantic? Well, check out this video and YOU decide…  Whether you’re just starting a new romance or spending your 30th Valentine’s Day together, James has some things for you to think about as your built (or maintain) your financial future with someone you love.  Happy Valentine’s […]

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 […]

Finances are a big taboo for many families. 40% of retirees report they haven’t discussed any finances with their kids. You can use the Thanksgiving holiday as an opportunity to have a family meeting. Make sure you keep the conservation simple at first. You should discuss legal documents, healthcare protection, income and expenses and your financial […]

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 […]

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.