The best time to get a sense of the costs involved in home ownership is before you begin to look for one. While most prospective buyers are familiar with larger costs such as mortgage payments and property taxes, smaller hidden costs such as homeowner’s insurance, utility bills and repairs also add to the cost of owning a home. [Read more...]
Nancy J. Winter, CPA – Why You Need a “Need to Know” File
It’s difficult to think about what may happen if your health starts to decline — or how your loved ones will carry on after your death. But doing nothing to plan for these events could result in you losing control over your affairs while you’re still alive, and undesired confusion and anger after you’re gone. While there are many issues to think about like documenting your health care wishes, choosing an executor, or finalizing your will, there is one other issue that is of equal importance: creating a “need to know” file. [Read more...]
Nancy J. Winter, CPA – Applying for Veterans Pension Benefits
On Memorial Day, we honored those who gave their lives for our country, and we also recognized the service of millions of current and former members of the U.S. Armed Forces. Veterans are entitled to certain benefits as a result of their having served, including healthcare, education, home loans, insurance, and employment services. [Read more...]
Nancy J. Winter, CPA – Benefits of Working During Retirement
Retirement looks different for everyone. Some people dream of playing golf and visiting their grandchildren, while others see it as an opportunity to learn new skills and travel more. No matter your vision for retirement, working as a senior could offer you some significant benefits—even if it’s part-time or consulting work. Whatever your reasons for working in retirement, it can reap personal and financial rewards both now and in the future. [Read more...]
Nancy J. Winter, CPA – How Summer Activities Impact Your Taxes
Summer 2022 and taxes may be the last thing on your mind, but giving tax breaks a little bit of thought now could save you a lot of money when tax season comes around again. And the sooner you evaluate how these endeavors will figure into your tax return next spring, the fewer surprises you’ll face. Following are some situations that may have tax implications. [Read more...]
Nancy J. Winter, CPA – Making Finances a Family Affair
As a child, money really doesn’t hold the same value as it does in our adulthood. Children only think about money and finances in general when it relates to something they want or think they need – often tangible items like clothes, shoes, or that shiny new toy.
Maybe we had the same ideals during our adolescence until life showed us differently. As adults, it’s important we leverage what we know now and create an environment where the entire family can benefit – no matter the age. Following are some suggestions that will help children generate better decision-making skills as it relates to finances. [Read more...]
Nancy J. Winter, CPA – Did You Miss the Tax Deadline?
The tax deadline has come and gone unless of course, you filed a tax extension. If you missed the tax deadline and didn’t file your taxes or an extension, here are a few steps you can take to get your taxes done. [Read more...]
Nancy J. Winter, CPA – Defining Financial Health
Similar to physical health, financial health is fundamental for a successful and happy life. Being unable to pay your bills, having little or no savings, and being stuck with a low credit score can significantly impact your quality of life. [Read more...]