Why do you need insurance? Insurance is how you manage risk. Essentially, you transfer the risk to the insurance company. When you buy insurance, you buy peace of mind against something bad happening. Listed below are three types of insurance that will protect you and your family. We’ll also discuss how to save money. Homeowners/Renters Insurance This is essential, in that they both will protect you against loss. If there is a fire, you will be protected. If someone breaks into your … [Read more...] about Insurance Tips
CPA
Beneficiaries: Why are They Important?
A task often overlooked by many is making certain that a beneficiary is named for important financial assets. If you love your loved one, do it now. Get your affairs in order. It makes no difference how old you are. This must be done for a number of reasons. The No. 1 reason is to make sure that you have provided for your loved ones. A second reason is that your wishes will be followed. If you don’t do this, the state will decide. Your loved ones will need to show proof that they have a … [Read more...] about Beneficiaries: Why are They Important?
The Debt Epidemic: Cure it Forever
America is drowning in debt. The average debt in America increased by $601 billion in the last quarter compared to the previous year. Mortgage debt rose by $120 billion. Student loan debt increased to $1.51 billion. Auto loans increased $16 billion. Credit card debt increased by $46 billion. A train wreck is in the making! Not only has the outstanding amount of borrowing been steadily increasing, but the delinquencies have grown as well. Credit card delinquencies stand at 8.36%. Student loan … [Read more...] about The Debt Epidemic: Cure it Forever
Cyberattacks: Is Your 401k Safe?
Cyberattacks on 401k assets are on the rise! Is your 401k safe? How often do you check? Do you just make contributions and think that it is growing? Or, do you pay it no mind, and never check? Because of a potential cyberattack, your money could be gone. Your account could be empty! Not only is it not growing, but you have become a victim. Here, we will discuss cyberattacks and what you could do to prevent the potential of you losing your hard-earned money. Is Your 401k Safe? Many … [Read more...] about Cyberattacks: Is Your 401k Safe?
Considerations for Dealing with Debt
When you consolidate your debt, there is the possibility that you could lower your interest rate. The payments may be lowered and there will be only one payment to make instead of numerous payments. When you consolidate into one loan, you most likely will be extending the time to repay. When you do that, it will take longer. If it takes longer, the lower interest rate will become irrelevant because you may end up paying more interest because the debt will be outstanding longer. So, is there a … [Read more...] about Considerations for Dealing with Debt
How to Have a Very Merry Christmas Without the January Hangover
Every year, many folks head out for Christmas shopping and do not have a plan. They whip out old faithful, their Visa or MasterCard or some other preferred credit card, and spend like drunken sailors. Then, January comes. The credit card company sends you a delayed Christmas card with a price tag! Now the hangover begins. You reach for that bottle of aspirin and your stomach hurts. You feel sick. Well, Christmas does not have to end this way. It can be merry and the memories can be … [Read more...] about How to Have a Very Merry Christmas Without the January Hangover
Navajo-Owned CPA Firm Named New Mexico ‘Diversity Honoree’
Last week, Albuquerque Business First media announced several outstanding individuals and organizations making an impact in New Mexico. On Nov. 5, these “Diversity Honorees” will be awarded at the 2020 Diverse Business Leader Virtual Awards for bolstering diversity and equality across age, disability status, gender, sexual orientation, race and religion.McCabe CPA & Consulting Group LLC (McCabe) will be one of four organizations to be recognized alongside Mandy’s Farm, Rio Grande Credit … [Read more...] about Navajo-Owned CPA Firm Named New Mexico ‘Diversity Honoree’
Creating a Budget: Ten Easy Steps
G et out of debt, build wealth for your retirement, fund the kids’ college, live a life without financial worries. Creating a budget is a best practice of millionaires. A personal budget is one of the most essential tools needed to create financial independence. A budget is simply a plan. A financial plan. Why don’t you have one? This is the foundation, the most essential building block. You would not build a house without a solid foundation. You should not plan your financial … [Read more...] about Creating a Budget: Ten Easy Steps
Gathering Items for Preparing Your Tax Return
It’s the end of the year and a good time to pull together the information you need for your tax return. Here’s a list to help you get organized: A Social Security or tax ID number for everyone included on your tax return. You need your own number, but don’t forget your spouse and dependents’ (where applicable) as well. If someone doesn’t have a Social Security number, you’ll need their TIN instead. Date of birth for everyone on your return. Form W-2 Wage and Tax Statement. Your W-2 … [Read more...] about Gathering Items for Preparing Your Tax Return
Serving the Community, Earning Tax Credit
The Prescott Sunrise Lions Club, currently meeting at Waffles & More on Iron Springs at 7 a.m. each Thursday, has been servicing the Prescott, Prescott Valley and Yavapai County region for 54 years. Please come and join us as a guest if you are interested in joining and helping the community. Our main focus is kids. We help kids in Yavapai County with vision and hearing care, dental issues and other physical ailments. Some of the non-profits we provide funds for include Youth Vision and … [Read more...] about Serving the Community, Earning Tax Credit