Member Blogs

Identity theft protection services cannot prevent identity theft, they monitor your personal information and alert you of any unusual or suspicious activity. There is no way to fully protect your identity, the information needed to compromise your finances is already out there.

Cryptocurrency continues to gain in popularity and we field questions all the time from clients who are interested in or already invested in these assets. But here are five reasons we do not recommend cryptocurrency investments to MYRA Wealth clients. (Feed generated with FetchRSS )

Whether you just filed yesterday, filed earlier in 2019 , or have asked for an extension, as Policygenius.com says, you should “Start determining your 2020 tax strategy today.”  This is especially true if you filed an extension because you want to be better prepared next year: “Although Tax Day 2020 is a year away, remember [] ©Bring Clarity to Your Finances™. Bring Clarity to Your 2020 Taxes is a post from Bring Clarity to Your Finances™

Let's all breathe a big sigh of relief together. Tax season (February to April 15) is the busiest time of year for many financial planners, and we are always so relieved when it is over! We love doing what we do; it really is a joy to help people on their way to financial security. However, it always feels great to be able to look back and say, "tax season is over for the year!" So what's next here at Step By Step? We're going to start talking about investments. During this next quarter, our client meetings will focus on making client money work for the client. Each of our ongoing financial planning clients will have a meeting with us to review current investments, discuss and assess risk levels, and to rebalance their portfolio as necessary. Clients will log in to Riskalyze and make sure it reflects their current situation, updating for any recent professional or personal changes. Then, we'll do a thorough portfolio analysis, researching current investments and identifying any areas needing attention to keep the portfolio aligned with the clients' unique risk level and net worth goals. Even if you aren't one of our ongoing financial planning clients, it's a good time of year to do an investment review. Now that you've finished your tax returns and checked up on your 2019 tax assessment strategy, take a look at your portfolio! It is an area we tend to set up and "forget" about, and not actively manage as time goes on. We hope we've inspired you to take a good long look at yours!

This is part one of a two-part article on the IRS’ first time tax penalty abatement. While this policy can provide a lot of relief for taxpayers, particularly those with six figures of tax debt, there are a lot of details involved. Instead of writing one long article, we decided to break this up into two. The first article will detail the IRS’ first time tax penalty policy, while the second article will outline the procedures involved. That way, after reading the eligibility requirements outlined in the first article, you can decide if you need to go through the trouble. (Feed generated with FetchRSS )