Uncategorized - Achieving Financial Awesomeness

The NextGen Wealth Weekly Roundup December 6, 2019

Welcome to the weekly roundup where I share with you interesting articles from across the web. I hope you enjoy and absolutely feel free to share and pass along.

Our Kansas City Financial Planner Weekly Roundup

Hello everyone and welcome to another edition of the NextGen Wealth Weekly Roundup. Hope you’re having a great week! 

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What To Do With $50,000

Have you recently come into a $50,000 windfall, such as an inheritance? You may be tempted to buy a new car or take your family and friends on a dream vacation. 

But before you do, stop and consider all of your options — including saving the money...who would've thought a financial advisor would recommend this. 😁Developing a sound financial strategy is a good way to make your money grow.

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Can Income Shifting Lower My Taxes?

As the old saying goes, the only constants in life are death and taxes. However, while you can’t avoid paying your share to the government, you may be able to lower your tax burden. Income shifting is a well-known tactic for moving money around so that you don’t have to pay as much in taxes. Today, we’re going to dive into this strategy and see how income shifting might be able to lower your taxes. 

What is Income Shifting?

The name of this tactic kind of gives it away. To reduce the amount you owe, you simply shift your income to another person. Let’s say that you’re in a relatively high tax bracket (i.e., 35 percent). So, instead of paying all of your income at that rate, you give part of it to a relative in a lower tax bracket (i.e., 10 percent). 

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The NextGen Wealth Weekly Roundup November 22, 2019

Welcome to the weekly roundup where I share with you interesting articles from across the web. I hope you enjoy and absolutely feel free to share and pass along.

Our Kansas City Financial Planner Weekly Roundup

Hello everyone and welcome to another edition of the NextGen Wealth Weekly Roundup. Hope you’re having a great week! 

Continue reading

The Risks of Being a Power of Attorney

As family members, we have a natural inclination to volunteer when it comes to managing end of life affairs and estate planning. It’s what we do. We make sure our parents, siblings and other extended family can count on us to pitch in now and in the future. 

One of those responsibilities is signing on as power of attorney to better serve as executor of a will or to handle legal affairs should a family member pass on or become incapacitated. After all, they’re family, right?

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Different Ways to Make $200 in a Day

We all run into some tough times when it comes to money. Perhaps you’ve been randomly laid off, you’re in between jobs or perhaps an emergency popped up and it requires funds. It’s never fun being at the mercy of money, but you have the power to take control of the situation and make the most of it. 

According to USA Today, 40% of Americans don’t have $400 to spare if an emergency were to pop up right now. The same survey notes that the median savings account for a household is about $4,000, which is far below the recommended amount to have for rainy days. 

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The NextGen Wealth Weekly Roundup November 15, 2019

Welcome to the weekly roundup where I share with you interesting articles from across the web. I hope you enjoy and absolutely feel free to share and pass along.

Our Kansas City Financial Planner Weekly Roundup

Hello everyone and welcome to another edition of the NextGen Wealth Weekly Roundup. Hope you’re having a great week! 

Continue reading

The Best Kansas City Financial Advisors

Are you in the market for a financial advisor and looking to know who are the best in the Kansas City area?  Well, you’ve come to the right place.

In today’s post, I’m going to provide you with who I believe are the best financial advisors in Kansas City. I respect and admire all of these firms and individuals and would have no problem at all referring a family member (as long as they’re a good fit, of course).

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The NextGen Wealth Weekly Roundup November 8, 2019

Welcome to the weekly roundup where I share with you interesting articles from across the web. I hope you enjoy and absolutely feel free to share and pass along.

Our Kansas City Financial Planner Weekly Roundup

Hello everyone and welcome to another edition of the NextGen Wealth Weekly Roundup. Hope you’re having a great week! 

Continue reading

The NextGen Wealth Weekly Roundup November 1, 2019

Welcome to the weekly roundup where I share with you interesting articles from across the web. I hope you enjoy and absolutely feel free to share and pass along. 

Our Kansas City Financial Planner Weekly Roundup

Hello everyone and welcome to another edition of the NextGen Wealth Weekly Roundup. Hope you’re having a great week! 

Continue reading

Podcast Interview: Most Asked Money Questions Answered

Hello blog-reading folks! I wanted to let you know that I was just recently interviewed on the Millennial Money podcast if you want to check it out. You can subscribe to the show on your favorite podcast player or just click the play button below. 

It was a ton of fun and I had a blast talking with Shannah. She has an awesome podcast that covers everything you need to know about money regardless of whether you’re a millennial or not.

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5 Great Value Investing Books Worth a Read

When it comes to investing, putting money into stocks is one of the best options for the long term. However, as you can imagine, trading in the market can be complicated and somewhat confusing for first-timers. Fortunately, there are tons of resources on the subject, so getting started is all about doing a bit of research. 

We’ve compiled a list of five great value investing books worth a read. Whether you’re brand new to the world of stocks and investing or just want to polish your knowledge, each of these books is going to help. 

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The NextGen Wealth Weekly Roundup October 25, 2019

Welcome to the weekly roundup where I share with you interesting articles from across the web. I hope you enjoy and absolutely feel free to share and pass along.

Our Kansas City Financial Planner Weekly Roundup

Hello everyone and welcome to another edition of the NextGen Wealth Weekly Roundup. Hope you’re having a great week! 

Continue reading

The Pros and Cons of Living Stingy

Everyone has different ideas about how to spend money wisely. Some like to invest and save, while others have a habit of spending too much. 

"Living stingy" means something different to everyone. If you're already pretty frugal, living stingy could mean cutting back on some groceries, or attempting to cut back the electric bill. If you're used to living the life of luxury, living stingy could mean eliminating going out to dinner or buying a car with a lower monthly payment (or no payment). 

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Fundrise: An Interesting Way To Invest In Real Estate

Have you ever wanted to invest in real estate? Or, maybe you’ve already tried your hand at it once, and it didn’t exactly go the way you were expecting.

I’m not sure what the appeal is to investing in real estate – being a landlord is not for me – but I do get asked the question quite a bit.

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3 Questions YOU MUST ASK YOUR FINANCIAL ADVISOR

Being a financial advisor for the past 16 years, I know what lies behind the curtain in our industry. And, while things are slowly becoming more transparent, we still have a long way to go before reaching complete transparency.

As a consumer, though, you only know what you’re being told or at least how much you can find from doing your research on Google. The information is out there, but only so many people have the time to find out the right questions to ask.

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How 15 Minutes Could Get You 15 Times the Return

No, this isn’t some kind of get rich scheme that I’m pitching but rather something everyone who has a savings account should really consider. According to gobankingrates.com, as of April 2016, the average savings account interest rate was only .06%. That’s right, only .06%!

Believe it or not, though, I have seen many clients who branch at their local (insert giant bank name here) earning a measly .01%. That means if you had $50,000 sitting in a savings account there, your annual interest would add up to a whopping $5!

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The NextGen Wealth Weekly Roundup October 18, 2019

Welcome to the weekly roundup where I share with you interesting articles from across the web. I hope you enjoy and absolutely feel free to share and pass along.

Our Kansas City Financial Planner Weekly Roundup

Hello everyone and welcome to another edition of the NextGen Wealth Weekly Roundup. Hope you’re having a great week! 

Continue reading

Podcast Interview: 8 Steps to Becoming a Great DIY Investor

Hello blog-reading folks! I wanted to let you know that I was just recently interviewed on the Financial Grownup podcast if you want to check it out. You can subscribe to the show on your favorite podcast player or just click the play button below. 

It was a ton of fun and I had a blast talking with Bobbi. She has an awesome podcast that covers everything you need to know so you can be a real financial grownup.

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How to Plan for the Top 3 Expenses in Retirement

No matter how old you are, it’s never too early to start planning for retirement. However, while there are many different elements to this process, it helps to break it down into a few core components. Today, we’re going to cover how to plan for the top three expenses in retirement. 

Making sure that you have enough money to last through your golden years is imperative. No one wants to run out before it’s time. However, it’s not just enough to worry about sources of income during your retirement. You also need to plan how you’re going to be spending that money. 

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NextGen Wealth, LLC is a registered Investment Advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities product, service, or investment strategy. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial advisor, tax professional, or attorney before implementing any strategy or recommendation discussed herein.

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