Nothing can eliminate completely the stress most taxpayers feel when dealing with the IRS. However, there are plenty of ways you can make tax time easier on yourself. The filing deadline for 2015 returns is April 18, 2016, instead of the usual April 15. Because of Patriots’ Day, residents of Maine and Massachusetts will have until April 19 to file.
By Marc C. Shaffer
Have you recently found yourself with a large amount of cash and need to decide how to manage the funds? If you receive annual bonuses or are a 1099 employee, this may be a decision you face regularly. Or, you may be facing this decision for the first time if you have received an inheritance, a large tax refund, or have liquidated stock options. How do you know which strategy for managing your money is best?
NAPFA-Registered Financial Advisor Overland Park: Searcy Financial Services
The National Association of Personal Financial Advisors (NAPFA) is the country’s leading professional association of Fee-Only financial advisors – highly trained professionals who are committed to working in the best interest of those they serve. After completing the vetting process, Searcy Financial Services is proud to announce that we have been accepted as a member by The National Association of Personal Financial Advisors and are now nationally recognized as a Fee-Only firm.
Social Security provides an important source of guaranteed income for most Americans. Choosing the right claiming strategy is even more important under new Social Security regulations.
For most Americans, Social Security will provide a significant portion of their income in retirement. According to Social Security Administration (SSA) statistics, Social Security benefits account for about 34 percent of retirement income for the average American. One of the biggest mistakes today’s retirees can make is to underestimate the importance of Social Security in their retirement strategies. In an era of vanishing pensions and volatile markets, Social Security offers government-guaranteed income that isn’t vulnerable to market risk, can’t be outlived, and can provide for your loved ones after your death.
According to the Center for Retirement Research, two-thirds of baby boomers can expect an inheritance.
If you’re lucky enough to inherit money, you might wonder: how will an inheritance change my financial picture? For some, an inheritance could mean a drastic change in their finances. For others, inherited money might be a nice cushion against unexpected events.
We are pleased to announce the promotion of John Fales to Principal of the firm. John has evidenced his commitment to our firms and our clients during his time with Searcy Financial Services and Allos Investment Advisors. We are delighted to have him join our Executive Team and we believe his new role as Principal will enhance our firm’s continued commitment to our clients’ success.
If you’ve been watching market headlines, you probably heard that markets tumbled in the first days of 2016, raising the specter of corrections and bear markets. When markets swing, it’s natural to worry about your investments and question your commitment to your strategy. We have outlined 4 strategies to keep in mind when markets swing:
After a turbulent 2015, stocks tumbled in the first few weeks of 2016, causing concerns that the bull market we’ve enjoyed since 2009 may be over. We’d like to take the opportunity to help you put market corrections in perspective.
By Michael J. Searcy
My company’s slogan in the 90’s promised, “Mike Searcy will put your life in a 3 ring binder.” The financial planning industry was just starting to become popular, and for many households who were used to stuffing receipts into shoeboxes, the idea of having someone organize their finances into a binder sounded promising. However, I found many were overwhelmed by the sheer volume of paperwork they had built up through the years, paralyzing them from taking action. Others who took action would receive their financial plan and then never look at it again. My company is now celebrating its 40th anniversary this year and I find that many people today are still overwhelmed with getting their finances in order and adjusting their plan along the way – are you one of them? If you are, and you haven’t taken a look at how the industry has evolved to help you with this process, keep reading.
By Michael J. Searcy and Jessica A. Kmetty
For the past few decades, women have increasingly turned their creativity, ingenuity and business acumen into entrepreneurship, with the number of women-owned businesses near 10 million and growing. While women strive to run successful businesses and overcome the challenges of ownership today, it becomes easy to neglect setting up a retirement savings plan which could help secure a successful future. Without a retirement plan, these women and their employees could work for years, striving to build a successful company, only to fail financially in retirement.
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