Don't Delay: The Potential Benefits of Starting to Save Now
Posted by Canby Financial Advisors on Wed, 01/10/2018 - 14:40
For long-term investment goals such as retirement, time can be one of your biggest advantages. That's because time allows your investment dollars to do some of the hard work for you through a mathematical principle known as compounding.
How Much Risk Can You Take?
Posted by Canby Financial Advisors on Wed, 01/10/2018 - 14:37
Many market shocks are short-lived once investors conclude the event is unlikely to cause lasting economic damage. Still, major market downturns such as the 2000 dot-com bust and the 2008-09 credit crisis are powerful reminders that we cannot control or predict exactly how, where, or when precarious situations will arise.
Tax Cuts and Jobs Act of 2017: What Taxpayers Need to Know
Posted by Canby Financial Advisors on Fri, 12/22/2017 - 12:11
On December 20, 2017, the U.S. House of Representatives and U.S. Senate passed the Tax Cuts and Jobs Act of 2017 (the act or TCJA). The legislation makes significant changes to the Internal Revenue Code (IRC), including individual, corporate, and gift and estate taxation. The following piece highlights important changes affecting you and suggests potential strategies to employ prior to year-end.
Cybersecurity Tips for Safer Online Holiday Shopping
Posted by Canby Financial Advisors on Thu, 12/07/2017 - 11:10
The holiday season is a busy time for everyone—especially cyber thieves. While shopping online for the best deals, it’s critical to be aware of common scams and risky online behavior that could ruin the holidays. Keep these tips in mind to better protect yourself.
6 Steps for Young Adults to Build a Financial Foundation
Posted by Canby Financial Advisors on Mon, 12/04/2017 - 09:36
Consider sharing this infographic with the young adults in your life.
Nonprofit Board Membership: A Primer
Posted by Canby Financial Advisors on Mon, 12/04/2017 - 09:33
If you're looking for creative ways to "give back" to your community or society at large, consider joining a nonprofit board of directors. But where do you begin?
How should I spend it?
Posted by Canby Financial Advisors on Mon, 12/04/2017 - 09:32
Health flexible spending accounts (FSAs) are a great way for individuals to pay qualified medical and dental expenses using pre-tax dollars. While IRS rules do allow employers to offer either a carryover or grace period option for money left over in flexible spending accounts, many employer FSA plans still have provisions that don't allow for funds contributed to an FSA to carry over from one plan year to the next. In other words, if you don't use it, you lose it. If you find that you still have money left over in your FSA as the end of the year approaches, there are a number of ways to spend down your account balance.
What financial resolutions should I consider making as I look ahead to 2018?
Posted by Canby Financial Advisors on Mon, 12/04/2017 - 09:31
A new year is right around the corner, bringing with it a fresh start for you and your finances. What will you do this year to help improve your financial situation?
What You Can Do with a Will
Posted by Canby Financial Advisors on Thu, 11/16/2017 - 10:03
A will is often the cornerstone of an estate plan. Here are five things you can do with a will.
Should You Pay Off Your Mortgage?
Posted by Michael D. Flaherty, CFP® on Fri, 11/03/2017 - 09:59
After years of dutiful payments, you find yourself in the enviable position of having enough accumulated savings or discretionary income that you could aggressively pay down—or completely pay off—your mortgage. But should you? Are there better ways to ensure your financial security?