Personal Finance - North Light Financial Services

Making Your Money Work Harder for Retirement

Making Your Money Work Harder for Retirement Little things you could do that could help you leave work a little sooner. Little things matter. When planning for retirement, people naturally think about the big things arranging sufficient income, amassing enough savings, investing so that you dont outlive your money, managing forms of risk. All of this is essential. Still, there are also little financial adjustments you can make at mid-life that may pay off significantly for you down the [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:26-04:00February 14th, 2014|Investing, Personal Finance, Retirement|Comments Off

Organizing Your Paperwork for Tax Season

Organizing Your Paperwork for Tax Season If you haven’t done it, now’s the time. How prepared are you to prepare your 1040? The earlier you compile and organize the relevant paperwork, the easier things may be for you (or the tax preparer working for you) this winter. Here are some tips to help you get ready: As a first step, look at your 2012 return. Unless your job, living situation or financial situation has changed notably since you last filed [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:27-04:00January 29th, 2014|Income Taxes, Personal Finance|Comments Off

End-of-Life Planning Mistakes to Avoid

End-of-Life issues can be difficult for families to discuss but avoiding them can lead to unnecessary disputes and hurt feelings. Financial planner Jane Ricardi of North Light Financial Services encourages her clients to address the issues. Jane is quoted in Financial Planning magazine as a planner assisting families during difficult times. Click here to read more.

By info@northlightfinancialservices.com|2017-03-28T08:17:27-04:00November 20th, 2013|Estate Planning, Personal Finance|Comments Off

End-of-the-Year Money Moves

End-of-the-Year Money Moves Here are some things you might want to do before saying goodbye to 2013. What has changed for you in 2013? Did you start a new job – or leave a job behind? Did you retire? Did you start a family? If some notable changes occurred in your personal or professional life, then you will want to review your finances before this year ends and the next one begins. Even if your 2013 has been relatively uneventful, [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:28-04:00October 17th, 2013|Estate Planning, Financial Fitness, Personal Finance, Saving & Budgeting|Comments Off

RMD Precautions & Options

RMD Precautions & Options A reminder about mandatory withdrawals from IRAs & other retirement plans. Just what is an RMD? After you turn 70½, the IRS requires you to withdraw some of the money in most retirement savings accounts each year. These withdrawals are officially called Required Minimum Distributions (RMDs).1 You must take an RMD from a traditional IRAs after you turn 70½, even if you are still working. If you dont, a severe financial penalty awaits you may [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:28-04:00October 3rd, 2013|Financial Fitness, Income Taxes, Investing, IRA, Personal Finance|Comments Off