Blog - North Light Financial Services

Avoid Making Retirement Planning Mistakes

THE MAJOR RETIREMENT PLANNING MISTAKES Much has been written about the classic financial mistakes that plague start-ups, family businesses, corporations and charities. Aside from these blunders, there are also some classic financial missteps that plague retirees. Calling them “mistakes” may be a bit harsh, as not all of them represent errors in judgment. Yet whether they result from ignorance or fate, we need to be aware of them as we plan for and enter retirement. Leaving work too early. [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:32-04:00September 27th, 2012|Personal Finance, Retirement|Comments Off

Do You Know Who Your Beneficiaries Are?

Why you should periodically review beneficiary designations. Your choices may need to change with the times. When did you open your first IRA? When did you buy your life insurance policy? Are you still living in the same home and working at the same job as you did back then? Have your priorities changed a bit – perhaps more than a bit? While your beneficiary choices may seem obvious and rock-solid when you initially make them, time has a way [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:32-04:00September 13th, 2012|Estate Planning, Personal Finance|Comments Off

Tips for Minimizing Taxes in 2012 & Beyond

TIPS FOR MINIMIZING YOUR TAXES IN 2012 & BEYOND You may want to exploit these strategic opportunities. Will the Bush-era tax cuts expire next year? We may not have an answer to that question for several months. After the November elections, you could see them extended once again. Nothing is certain: with the daunting financing challenges the federal government faces, they may finally expire in 2013. If your goal is tax minimization, here are the “to-dos” you might want to [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:32-04:00August 30th, 2012|Income Taxes, Personal Finance|Comments Off

Protecting Yourself While Shopping Online

Protecting Yourself While Shopping Online What steps should you take? Whether you shop online routinely or infrequently, the risk of identity theft rises as you offer more and more information about yourself online. Dont use a debit card, and use only one credit card. If your debit card gets hacked, the thieves may be able to access your bank account. But if you use just one credit card for online shopping, youll just have one card to cancel if your [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:33-04:00August 16th, 2012|Personal Finance|Comments Off

Can We Avert the “Fiscal Cliff”?

CAN WE AVERT THE “FISCAL CLIFF”? 2013 isn’t far off, yet both sides of Congress could end up far apart. Recently, you may have heard about the “looming fiscal cliff”, the “coming fiscal cliff” and so forth. What exactly is it? Briefly stated, the “fiscal cliff” is a potential $7 trillion dilemma facing Congress this fall – a Congress not known for ready cooperation. If America goes over it, our economy could stumble.1 Will Congress act before 2013? Federal Reserve [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:33-04:00August 9th, 2012|Business/Economic News, Income Taxes|Comments Off