Financial Fitness - North Light Financial Services

Protect Dead Relatives from ID Theft

Good information from Bottom Line Personal's interview with Adam Levin, JD: Protect Dead Relatives from ID Theft Dont assume that the risk of having your identity stolen lasts only as long as you are alive. More than two million dead Americans become victims of identity theft each year. To an identity thief, the recently deceased are ideal targets. Unlike the living, the dead never notice that they are being victimized and dont take steps to stop these crimes. There is [...]

By info@northlightfinancialservices.com|2017-12-01T14:09:48-05:00November 29th, 2017|Cybersecurity, Financial Fitness, Personal Finance|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

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

The Rough Consequences of Not Saving for Retirement

The Rough Consequences of Not Saving for Retirement Do you really want to risk facing these potential outcomes? Saving for retirement may seem a thankless task. But you may be thanking yourself later. Putting away a percentage of one’s income, money that could be used for any number of bills or luxuries, is a sacrifice made in the present in order to avoid a larger trouble down the road. More than a quarter of seniors have no retirement savings. To [...]

By info@northlightfinancialservices.com|2017-08-04T11:01:19-04:00August 3rd, 2017|Financial Fitness, Investing, Retirement, Savings and Investing|Comments Off

What Could You Do With Your Tax Refund?

What Could You Do With Your Tax Refund? Instead of just spending the money, you could plan to pay yourself. About 70% of taxpayers receive sizable refunds from the Internal Revenue Service. Just how sizable? The average refund totals about $2,800.1 What do households do with that money? It varies. Last year, consumer financial services company Bankrate asked Americans about their plans for their federal tax refunds. Thirty-one percent of the respondents to Bankrate’s survey said that they would save [...]

By info@northlightfinancialservices.com|2017-04-11T14:21:48-04:00April 6th, 2017|Financial Fitness, Income Taxes, Savings and Investing|Comments Off