Sandy is Quoted in Financial Planning Magazine

On June 7, 2019, Sandy was quoted in an article in Financial Planning Magazine about the habits of highly successful advisors.

Check it out here!

Continue reading
  28 Hits
28 Hits

More Scam Alerts and Security Tips

We've come across a few more scams that we thought you should be aware of...

The first one is a scam where an unknown number will call you and only ring once or twice and not leave a message. Your first instinct is to call them back to see who it is. It turns out that it is a 900 number you are calling back and you get charged for the call. The phone companies are not reversing the charges for these calls so be weary on calling back unusual numbers. My thought is if it's important whoever is calling you will leave a message.

Next, a client alerted us to a company that is offering free cell phones to seniors with low income. They ask for all your personal information such as social security numbers, drivers license numbers, etc. There are some legit companies out there that do offer these programs but there are also scammers out there trying to steal identities. Before giving out your personal information be sure to do your research on the company or person who you're dealing with. You don't want your information getting in the wrong hands.

Lastly, stay vigilant with people calling or emailing you and asking for your personal information. Legitimate companies will never call or email you to get passwords or social security numbers. One way to tell in an email is by looking at the grammar. More times than not on a scam email the grammar will be wrong. Also, NEVER click on a link sent to you in an email from someone you don't recognize. If you are in doubt about whether a request for information is legitimate or not, always call the company back on a number that you have looked up yourself, so you know that you're actually calling the right place.

If you have any scams that you would like to tell us about, so we can alert our clients, please email me at melani@assetplanninginc.com

We hope you all have a wonderful Memorial Day Weekend!

Melani

Continue reading
  24 Hits
24 Hits

Spam Calls

In an earlier blog post, we told you about an app called NomoRobo that blocks unwanted robotic and spam phone calls. I've been paying a monthly fee of $1.99 and it has been totally worth it. I just learned however, that cell phone carriers offer this service for free. For AT&T subscriber's, you can download an app called AT&T Call Protect. Verizon's app is called Verizon Call Filter and for T-Mobile customers there is no app. You just need to turn on the Scam ID and Scam Block Service.

Even though I feel like paying for NomoRobo has saved me from getting all of those annoying unwanted calls, I'm definitely going to try the service from my provider. Why pay for something if you can get it for free? Hopefully this helps some of you who didn't know about these blocking tools from getting unwanted phone calls.

Have a great weekend!

Melani

Continue reading
  32 Hits
32 Hits

FSA Eligible Items on Amazon

There is now a whole section of Flexible Spending Account eligible items available on Amazon. In case you don't know what an FSA is, it is an account that you put pre-tax money into that you use to pay out-of-pocket health care costs with. The limit per person each year is $2,650 and most plans require that you use up that amount each year. Even though there is a limit of $2,650 a year you are not required to contribute that much. You can estimate what you think you spend per year and only contribute that amount. People use their FSA accounts to pay for copays, deductibles and prescriptions but there is a lot of over the counter products that meet the eligibility requirements ranging from blood pressure testers all the way to sunscreen and lotion.

Most of the time FSA owners will pay for these out of pocket expenses and then submit a claim form to be reimbursed but there is another option. You can now request a debit card for your FSA and pay directly for these expenses using that card. If you would like to order from Amazon, you would enter your FSA credit card information and select that card as your form of payment. When I was looking on Amazon I simply searched for FSA eligible items and was amazed at all of the products that were available and that I would be able to use for my family on a daily basis. This is a great way to use up the funds in your FSA account.

If you do not have a Flexible Spending Account, it may be something to look into. Not all employers offer them, but it doesn't hurt to ask your human resources department. Remember whatever you do contribute will reduce your taxable income because the contributions are made pre-tax. It's really a great way to pay for your out-of-pocket health care costs.

When googling FSA eligible products, I noticed that there were a lot of other stores that offer them as well. I just love the convenience and delivery options of Amazon, especially if you're a Prime member.

Continue reading
  57 Hits
57 Hits

IRA Contributions

While we are deep in the midst of tax season, we thought it was a good idea to remind our clients to get in their 2018 IRA contributions. If you are planning on dropping off a check to us the deadline to get them in is Wednesday, April 10th. This will ensure that your contribution is made before the April 15th tax deadline.

2018 contribution limits are $5,500 or $6,500 if you are over the age of 50

Also, now is as good a time as any to get in your 2019 contributions especially because the limits have been increased. The sooner you get these in the longer they have to grow in your IRA which means more retirement funds for you!

2019 contribution limits are $6,000 or $7,000 if you are 50 years of age or older

When it comes to non-deductible IRA contributions please be sure that you are keeping a record of these contributions by completing tax form 8606 for each year you make a non-deductible contribution. We have run into a few cases where no record is kept, and our clients are left scrambling to find that information when it is time to take distributions from their IRAs. This information will be needed to figure out what amount of your distributions will be counted as taxable income to you, so it is very important.

If you have any questions, please don't hesitate to call us.

Continue reading
  65 Hits
65 Hits

Earthquake App for L.A. County

Check out the new earthquake app called ShakeAlertLA. This new app gives you an alert 20 seconds before an earthquake hits in L.A. County.

The app doesn't predict earthquakes, but it does know when an earthquake happens and when it's on its way to you and every second counts!

The app is available to Apple and Android users.

Here are a couple images of what the alerts look like.

ShakeAlertLA

 

Continue reading
  92 Hits
92 Hits

Happy Holidays!

**************************************************************************************************************************

Christmas 2018 Blog Photo

**************************************************************************************************************************

Continue reading
  121 Hits
121 Hits

Deadline for Medicare Open Enrollment is Today

Just a quick reminder that the deadline for Medicare's Open Enrollment is today. If you were planning on making any changes to your plans today is the last time to do that until next October.

Here is a chart with a quick summary of the changes you can make. For more details click on this link.

Medicare Open Enrollment

Continue reading
  108 Hits
108 Hits

Earned Income and Social Security Tax

We came across an article on InvestmentNews.com written by Mary Beth Franklin. It gives a great explanation as well as examples and limits on how Social Security benefits are taxed if you are planning on working while collecting social security. Definitely worth a read if you have any income from other sources while collecting Social Security.

 

Click here to read the full article

 

 

Continue reading
  206 Hits
206 Hits

****Newsletter Correction****

In the Large Vacation and Purchase planning article the married couples income would need to be over $170,000, not 107,000 to see an increase in premiums. So sorry for any confusion this may have caused.

Continue reading
  248 Hits
248 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
pet industry insurance policy web address ID card Open Enrollment CFP ® Open House Mobile Banking Security Tips pets estate planning home mortgages Auto insurance emergency folder borrowing money health care costs Medicare question birth certificates parking spots identity thieves app 900 number credit card company Affordable Care Act Flexible Spending Account IRS deadline documents 70 1/2. credit cards home Legal robocalls clients privacy settings jury duty Medicare trustee money identity theft Two-Step Verification investment statements integral member privacy notices Wells Fargo customers insurance policies vacation Part D premiums . opt-out pet supplies official certification phishing sites July 4 2017 IRA contributions rescue organizations paperwork clutter credit freeze increase Kraig Mathias https ://seekingalpha retirement FEMA website earthquake app driver license notary services emergency kit padlock Brexit vote Medicare Part B California Lions Friends clients show support spring cleaning Roth IRA memorial Day weekend flash drive portal IRA accounts clone counterfeits partner /owner retirement accounts bottom line cell phones trust Victor Dergunov fees home security estate Social Security April 15 non-prescripstion sunglasses Medicare Part B premiums contribution limit Notary Public 4 pm -8pm ice cream event 2018 IRA contributions D premiums interest rates account numbers National Ice Cream month disaster areas cell phone carriers offer Amazon debt Asset Planning Wells Fargo employees wells Fargo Erin Nelsen Kiplinger Letter Part B client portal retirement plans Orange County Superior Court information April 11 summer retirement planning 2017 TD Ameritrade National LINC Conference car loans “ skimmer ”. assets information Facebook consumer spending FSA 23 andme spam phone drive /usb Orange County credit card fraud Financial Planning Magazine Puerto Rico asset Planning tax deadline executive order card reader gap insurance June 29 Social Security Administration Fox News story Facebook profile VOIP landline phones blog post Treasury Department chip-enabled EMV cards Independence Day company Supplemental Security Income https :// relief efforts 401K prescription eyeglasses October 1 2020. home break-ins vision screening phone companies banking Retirement Contribution Limits phishing scams Shred paperwork 20 year anniversary CERTIFIED FINANCIAL PLANNER exam illiegal robocallers policy house sitter tax season DNA test kits fun facts president Trump April 18 2017. pet credit score Healthcare