WSFG Blog
Fraudsters and scam artists are always looking for new ways to prey on consumers. Now they are using the same tactics to take advantage of consumers' heightened financial and health concerns over the coronavirus pandemic. Federal, state, and local law enforcement have begun issuing warnings on the surge of coronavirus scams and how consumers can protect themsel During the last week of February 2020, the S&P 500 lost 11.49% — the worst week for stocks since the 2008 financial crisis — only to jump by 4.6% on the first Monday in March.1 By all accounts, the drop was largely driven by ever-increasing fears about the potential effects of the coronavirus (COVID-19) and its ultimate impact on the global economy. Self-employment is the opportunity to be your own boss, to come and go as you please, and oh yes, to establish a lifelong bond with your accountant. If you're self-employed, you'll need to pay your own FICA taxes and take charge of your own retirement plan, among other things. Here are some planning tips. Each year, the College Board releases its annual Trends in College Pricing report that highlights current college costs and trends. While costs can vary significantly depending on the region and college, the College Board publishes average cost figures, which are based on a survey of nearly 4,000 colleges across the country. First, consider putting the money into a safe, liquid account such as a savings or money market account until you have time to take stock of your situation. Don't spend or invest your windfall until you have a chance to: See a tax professional and analyze the tax consequences--you may need a big portion of what you have received to pay taxesToo Much Oil with Nowhere to Go
Submitted by Wealth Strategies Financial Group on May 15th, 2020
Watch Out for Coronavirus Scams
Submitted by Wealth Strategies Financial Group on May 7th, 2020
Coping with Market Volatility: Understand How Your Biases Can Affect Investment Decisions
Submitted by Wealth Strategies Financial Group on May 7th, 2020
Coronavirus Concerns? Consider Past Health Crises
Submitted by Wealth Strategies Financial Group on March 10th, 2020
Tax Planning for the Self-Employed
Submitted by Wealth Strategies Financial Group on December 11th, 2019
College Cost Data for 2019-2020 School Year
Submitted by Wealth Strategies Financial Group on November 25th, 2019
What are some tips for handling a financial windfall?
Submitted by Wealth Strategies Financial Group on November 20th, 2019
What is SSI?
Submitted by Wealth Strategies Financial Group on November 20th, 2019
What is asset allocation and how does it work?
Submitted by Wealth Strategies Financial Group on November 13th, 2019