Financial Planning: It’s More than Math
In the financial world there is so much to know. As CFP® Professionals we have dedicated ourselves to obtaining knowledge of investments, taxes, estate planning, insurance, and the like. At Whelan Financial, we strive to gain a deep understanding of each client to create a custom financial plan that will guide them in making sound financial decisions. It’s important to note the time and attention each client is given; we are not just a transactional business but a relational one. The service we offer goes beyond the technical knowledge that is required of us and reaches into the feelings, thoughts, and fears that our clients have. We remember that we help people reach their financial goals. This human element makes our job so much more exciting, so much more meaningful. We know that when the market is up, investors are often very happy – why wouldn’t they be? Conversely, when the market is down, investors are often concerned about their outlook. We understand that fluctuations in the stock market can cause uncertainty and stress, and we make considerable efforts to proactively reduce this stress in a caring, yet practical way. Here are a few of our methods. Teaching You How
End-of-Year Financial Checklist
It’s that time again, the end of the year is here. While you’re making your list and checking it twice, keep these financial tips in mind to take advantage of tax benefits, find cost-effective solutions, and begin the new year in control of your finances. 1. Maximize 401(K) Contributions This strategy is among the top priorities in most financial plans. The maximum contribution for 2022 is $20,500 or $27,000 if you are over 50. Check with your 401(k) service provider to discuss whether you are on track to maximize your contributions by the end of the year. 2. Prepare for Tax Impact For those who dislike surprises, end-of-year tax planning is a must. Meeting with your CPA and having them run a preliminary projection can help prepare you for an unexpected tax burden. It also gives you time to take advantage of tax deductions, like charitable contributions, before it is too late. If you don’t have a CPA but rather do your own taxes, we suggest using the IRS Withholding Calculator to determine whether you are likely to owe more or be entitled to a refund. All you need is a copy of your most recent paycheck stub. This is
Financial Planning: It’s More than Math
In the financial world there is so much to know. As CFP® Professionals we have dedicated ourselves to obtaining knowledge of investments, taxes, estate planning, insurance, and the like. At Whelan Financial, we strive to gain a deep understanding of each client to create a custom financial plan that will guide them in making sound financial decisions. It’s important to note the time and attention each client is given; we are not just a transactional business but a relational one. The service we offer goes beyond the technical knowledge that is required of us and reaches into the feelings, thoughts, and fears that our clients have. We remember that we help people reach their financial goals. This human element makes our job so much more exciting, so much more meaningful. We know that when the market is up, investors are often very happy – why wouldn’t they be? Conversely, when the market is down, investors are often concerned about their outlook. We understand that fluctuations in the stock market can cause uncertainty and stress, and we make considerable efforts to proactively reduce this stress in a caring, yet practical way. Here are a few of our methods. Teaching You How
End-of-Year Financial Checklist
It’s that time again, the end of the year is here. While you’re making your list and checking it twice, keep these financial tips in mind to take advantage of tax benefits, find cost-effective solutions, and begin the new year in control of your finances. 1. Maximize 401(K) Contributions This strategy is among the top priorities in most financial plans. The maximum contribution for 2022 is $20,500 or $27,000 if you are over 50. Check with your 401(k) service provider to discuss whether you are on track to maximize your contributions by the end of the year. 2. Prepare for Tax Impact For those who dislike surprises, end-of-year tax planning is a must. Meeting with your CPA and having them run a preliminary projection can help prepare you for an unexpected tax burden. It also gives you time to take advantage of tax deductions, like charitable contributions, before it is too late. If you don’t have a CPA but rather do your own taxes, we suggest using the IRS Withholding Calculator to determine whether you are likely to owe more or be entitled to a refund. All you need is a copy of your most recent paycheck stub. This is
