Blog - North Light Financial Services

A Roth IRA’s Many Benefits

A Roth IRA’s Many Benefits Why do so many people choose them over traditional IRAs? The IRA that changed the whole retirement savings perspective. Since the Roth IRA was introduced, it has become a fixture in many retirement planning strategies. The key argument for going Roth can be summed up in a sentence: Paying taxes on your retirement contributions today is better than paying taxes on your retirement savings tomorrow. Here is a closer look at the trade-off you [...]

By info@northlightfinancialservices.com|2015-05-21T14:50:50-04:00February 27th, 2015|Financial Fitness, Roth IRA, Savings and Investing|Comments Off

How Long Do You Have To Keep Your Statements?

How Long Do You Have To Keep Your Statements? A year? Seven years? It depends. “You should retain copies of your federal tax returns for 7 years.” Is that true, or a myth? How long should you keep those quarterly and annual statements you get about your investment accounts? And how long should you keep bank statements before throwing them away? Your age, wealth & health might shape your answer. If you are not yet retired, then you may [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:20-04:00February 13th, 2015|Health Insurance, Income Taxes, Personal Finance|Comments Off

The A, B, C, & D of Medicare

The A, B, C, & D of Medicare Breaking down the basics & what each part covers. Whether your 65th birthday is on the horizon or decades away, you should understand the parts of Medicare what they cover, and where they come from. Parts A & B: Original Medicare. America created a national health insurance program for seniors in 1965 with two components. Part A is hospital insurance. It provides coverage for inpatient stays at medical facilities. It can [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:20-04:00January 30th, 2015|Financial Fitness, Health Insurance, Medicare|Comments Off

What’s Your Financial Health Score?

What’s Your Financial Health Score? Can a 5-question test predict how wealthy you will become? In the future, will you become wealthier or poorer? Who knows, right? It seems like you would need a crystal ball to really answer that question given life’s up and downs. What if the answer is right in front of you? What if you can determine it from your present financial behaviors? Two economists present a brief questionnaire – and an audacious claim. Last month, [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:20-04:00January 16th, 2015|Financial Fitness, Investing, Saving & Budgeting|Comments Off

Your Annual Financial To-Do List

Your Annual Financial To-Do List Things you can do before & for 2015. What financial, business or life priorities do you need to address for 2015? Now is a good time to think about the investing, saving or budgeting methods you could employ toward specific objectives. Some year-end financial moves may prove crucial to the pursuit of those goals as well. What can you do to lower your 2015 taxes? Before the year fades away, you have plenty of options. [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:20-04:00December 23rd, 2014|401(k)/403(b), Financial Fitness, Income Taxes, Investing, IRA, Saving & Budgeting|Comments Off