Tax planning is a crucial component of personal finance and a vital component of your overall financial planning. Failing to consider tax planning could result in missed opportunities for tax savings and other tax opportunities. When it comes to tax planning, the earlier, the better, so meeting with your financial professional early in the tax year comes with many benefits and advantages.
Personal finance is an important area of knowledge—but it's not always taught in schools. It may be tough to master when you haven't had much guidance prior to adulthood. You may be able to improve your financial literacy and maintain this base of knowledge. Read on for four tips and tricks that may significantly improve your financial literacy.
April is National Financial Literacy Month—an entire month dedicated to underscoring the importance of learning, establishing and maintaining healthy financial habits. But ask yourself this: what have you learned about anything financial lately? Do most of your neighbors keep a household budget or save for retirement? Do you understand compound interest? Or know what the Dow Jones Industrial Average is?
There are two things Americans have always looked forward to: going to the ballpark for the big game and retiring after a fulfilling career. Interestingly, baseball and retirement planning have several aspects in common. Read more to learn what they share!
The demands on medical practitioners today can seem overwhelming. It's no secret that health-care delivery is changing, and those changes are reflected in the financial issues that health-care professionals face every day. You must continually educate yourself about new research in your chosen specialty, stay current on the latest technology that is transforming health care, and pay attention to business considerations, including ever-changing state and federal insurance regulations.
Researchers found that those with more severe debt may be more likely to have physical and mental health issues, although causality is a challenge to establish. Fortunately, taking steps to improve your financial habits may also benefit your health. Here are some financial exercises to consider to help you explore the relationship between health and wealth.