Park Place Financial Blog
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Should I pay off my mortgage early
“Should I pay off my mortgage early?” is a question we are often asked. It depends. What are your motivators? Will paying off your mortgage truly get you closer to your goals? Seeking mortgage payment advice can be motivated by the objective of being debt-free.
Should I Be Concerned With My Stock Market Investment? What about the Reddit Users and GameStop?
Just over a month ago, the video game retailer GameStop seemed to be on its way out. But they went from rock bottom to a value of over $21 billion—all in a matter of days. While sales for the brick-and-mortar chain have declined, their stock soared over 1,500% in late January, topping at about $480 per share.
Self-Employed Retirement Plans: What to Consider
From independence and flexibility to the fulfillment that stems from doing what you love, entrepreneurship has many rewards. However, working for yourself also means you're forfeiting the reliable salary and company-sponsored 401(k) that help make planning for retirement a little simpler.
The Road to Retirement: Are you Ready?
We’re all going to hit retirement age one day. For some, that time is nearer than you think. The years pass by so quickly, and before you know it you’ll be entering into your golden age. Before your retirement starts, you need to ask yourself - are you ready
Retirement Guide: 7 Questions to Ask a Financial Planner About Retirement
As you approach retirement, you may be thinking of how to remain financially secure throughout your "golden years." To make the best decisions moving forward, it may help to enlist the aid of a qualified financial planner.
Real Estate Investing for Your Retirement Plan – Should You Consider It?
The days of fully funding retirement on a single pension are long gone. Instead, most retirees depend on several streams of income in a comprehensive approach to retirement planning. For some, this includes investment properties to generate income as a supplement to retirement accounts
Prenuptial Agreements & Protecting Wealth
Prenuptial agreements have a bad reputation for being the predictor for marital doom and just a way to limit the amount of wealth an ex-spouse can claim. However, pre-marriage financial planning can prove to be a smart move in the long run, especially for couples who marry later in life after building careers and making investments.
Power of Attorney: Should You Appoint One In the Case of Illness or Death?
Planning for the future involves retirement savings, estate planning, and many other considerations. Determining how your health and finances will be managed if you’re unable to do so must be part of this planning. When you can’t make choices about health and finances for yourself,
Maximize your Returns: Our Tax Review Checklist
Each year as you file your tax returns ask yourself this simple question “are you maximizing the best tax strategies to retain your income?”. If you answered no, rest assured our tax review checklist can help guide you to make the most of your tax results. To fully maximize your potential distributions for future years, rely on our certified financial experts at Park Place Financial.
Long-Term Care Insurance – How Does it Work?
Insurance plays an important role in our financial wellbeing, from protecting our home to providing essential medical care. Yet insurance for the care we require later in life is often overlooked. Long-term care insurance helps bridge this gap. Beyond ensuring you receive the highest standard of support as you age
IRA Contribution Rules
Each year, as April 15th approaches, we are proactive in reviewing the tax planning strategies of our clients to ensure that an optimal IRA contribution is made prior to the deadline. There is often confusion regarding the various rules and limitations that govern IRAs.
Investment Lessons Learned
From a historic health crisis felt on a global scale to economic uncertainty, 2020 was a tumultuous year for millions of people. It changed the way people live and work, shifting the global landscape potentially forever. However, it also brought many valuable financial lessons to light that can be applied going forward.
