info@northlightfinancialservices.com

The Financial Toll of Addiction

The Financial Toll of Addiction Opioid abuse threatens to wreak havoc on family finances and retirement plans. Imagine your retirement dreams put on hold or compromised, your savings and investment accounts reduced, and your loved ones uncommunicative or at odds with each other. This terrible state is reality for families ravaged by addiction. OxyContin, heroin, and other opioids can cost an addict hundreds of dollars per day. Where will an addict find the thousands of dollars needed, over time, to [...]

By info@northlightfinancialservices.com|2017-10-19T11:13:10-04:00October 19th, 2017|Personal Finance, Savings and Investing, Well-being|Comments Off

Retiring Before 60

Retiring Before 60 If that is your dream, explore whether these steps could be useful to take. How could you retire in your fifties by choice? You will need abundant retirement savings and ways to access your retirement assets that lessen or avoid early withdrawal penalties. You may also need to have other, sometimes overlooked, components of retirement planning in place. There are ways to tap retirement savings accounts before 60. True, the I.R.S. discourages this with 10% penalties [...]

By info@northlightfinancialservices.com|2017-10-10T11:25:59-04:00October 5th, 2017|Personal Finance, Retirement, Savings and Investing|Comments Off

What Are Your Odds of Being Audited?

What Are Your Odds of Being Audited? They are low, unless you show the I.R.S. some conspicuous “red flags” on your return. Fewer than 1% of Americans have their federal taxes audited. The percentage has declined recently due to Internal Revenue Service budget cuts. In 2016, just 0.7% of individual returns were audited (1 of every 143). That compares to 1.1% of individual returns in 2010.1,2 The rich are more likely to be audited – and so are the [...]

By info@northlightfinancialservices.com|2017-09-22T15:04:23-04:00September 21st, 2017|Financial Fitness, Personal Finance|Comments Off

The Importance of Financial Literacy

The Importance of Financial Literacy Too few Americans understand personal finance fundamentals. If only money came with instructions. If it did, the route toward wealth would be clear and direct. Unfortunately, many people have inadequate financial knowledge, and for them, the path is more obscure. Are most people clueless about financial matters? That depends on what gauge you want to use to measure financial knowledge. The U.S. ranked fourteenth in Standard & Poor’s 2015 Global Financial Literacy Study, with just [...]

By info@northlightfinancialservices.com|2017-09-11T08:42:35-04:00September 5th, 2017|Business/Economic News, Investing, Personal Finance|Comments Off

Having the Money Talk with Your Children

Having the Money Talk with Your Children How much financial knowledge do they have? Some young adults manage to acquire a fair amount of financial literacy. In the classroom or the workplace, they learn a great deal about financial principles. Others lack such knowledge and learn money lessons by paying, to reference William Blake, “the price of experience.” Broadly speaking, how much financial literacy do young people have today? At this writing, some of the most recent data appears in [...]

By info@northlightfinancialservices.com|2017-08-21T08:43:40-04:00August 17th, 2017|Financial Fitness, Personal Finance, Saving & Budgeting|Comments Off

About info@northlightfinancialservices.com

The Financial Toll of Addiction

Retiring Before 60

What Are Your Odds of Being Audited?

The Importance of Financial Literacy

Having the Money Talk with Your Children