Why Tax Planning Matters!

Why Tax Planning Matters!

At the start of the year, taxes are on everyone’s minds. The shared goal is to reduce your tax liability and keep more money in your wallet. There are many avenues for doing so, and a financial advisory firm like Nelson Financial Planning is well-equipped to help you find and take full advantage of the most relevant ones.

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Year-End Tax Changes To Make

Year-End Tax Changes To Make

As we gear up for 2024, it’s time to get your taxes sorted out in time for the filing deadline on April 15. Tax planning can be overwhelming, especially because the rules are always changing. Three things to be aware of when filing your taxes include the implications of Roth conversions, yearly inflation adjustments, and changes to Form 1099K. Being proactive about these recent changes will help you achieve your long-term financial goals.

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Fundamental Concepts For Financial Success

Fundamental Concepts For Financial Success

In today’s world, where headlines can change as quickly as the weather, it’s essential to anchor yourself with fundamental financial concepts that endure through market highs and lows. Nelson Financial Planning encapsulates these principles in our new book, Next Gen Dollars and Sense. This guide distills decades of wisdom into an easy-to-read, common-sense approach to financial planning, equipping you with useful knowledge and tools for navigating this complex topic. Here are five core concepts highlighted in the book that are essential for anyone looking to build a secure financial future.

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Corporate Transparency Act: What You Need to Know if You Own a Small Business

Things have gotten a lot more regulated in the last few years especially when it comes to monitoring small business activity here in the United States. This increase is due to security concerns relating to international conflicts, terrorism, and how US businesses might be involved in these illegal activities.

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Major Announcement! We Share Our New Book: Next Gen Dollars and Sense

2024 is the 40th anniversary of Nelson Financial Planning, which was founded under the name Nelson Investment Planning Services on May 1, 1984, by the late Jack Nelson. In the past four decades, the finance world has seen its share of ups and downs, with both exciting and worrying headlines to contend with over the years. But Nelson Financial Planning has remained a stalwart source of investment advice through it all. Continue reading “Major Announcement! We Share Our New Book: Next Gen Dollars and Sense”

How Can Energy Tax Credits Help You?

When you think about saving money or making smart financial choices, energy tax credits may not be the first thing that comes to mind. Yet, understanding and capitalizing on these incentives can be a game-changer for your financial future, not to mention your environmental impact. Continue reading “How Can Energy Tax Credits Help You?”

Hard vs. Soft – What Does That Mean for Your Investments?

Today’s investors are no strangers to financial uncertainties and market fluctuations. Even so, concerns about a “hard landing”—characterized by rapid inflation, soaring unemployment, and diminished consumer spending—are unsettling, to say the least. You’ll be relieved to hear, then, that the team at Nelson Financial Planning has observed a much more moderate—or “soft”—economic landing than anticipated. Continue reading “Hard vs. Soft – What Does That Mean for Your Investments?”

The Importance of Dividends and Owning Dividend-Paying Companies

In an era where technology companies dominate headlines, the allure of the new economy—driven by data, internet, and the cloud—can often overshadow what’s been the backbone of growth and stability for decades: dividends. But why should modern investors consider something as seemingly old-fashioned as dividends? Continue reading “The Importance of Dividends and Owning Dividend-Paying Companies”

Budgeting for Success & Retirement

Did you know that one in five people spend more time planning vacations than their own retirement? Retirement planning is not something you can afford to “set and forget.” So, when was the last time you reviewed your retirement plan? Was your approach limited to adjusting your monthly contributions and hoping for the best? Spoiler alert: That won’t cut it. Continue reading “Budgeting for Success & Retirement”

The Recent Debt Ceiling Deal

Understanding the Debt Ceiling

The recent debt ceiling deal out of Washington has caused a considerable stir, yet its significance seems a bit blown out of proportion. While it received tons of media attention, the debt ceiling deal ended up as what we call “much ado about nothing.” Despite fears of potential economic destabilization, the result has been nothing more than a political compromise between Republicans and Democrats in the House and Senate. Continue reading “The Recent Debt Ceiling Deal”