Asset Planning, Inc Blog

The latest from the team.

Congratulations Erin Nelsen!

We are pleased and excited to announce that Erin Nelsen, CFP® is now a partner/owner at Asset Planning, Inc. Erin has been with Asset Planning, Inc. since 2007. She has had been an integral member of our team and overall growth of our firm for the past 12 years. We look forward to the future with her as a partner and the continued success of Asset Planning.

Erins headshot for websites


Continue reading
  1281 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!


Continue reading
  1178 Hits

Wishing you a Happy Easter and Happy Passover!

Easter and Passover 2019.

Continue reading
  3450 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
  1429 Hits

Internet Security


When browsing the internet and logging into certain sites, it's become almost habit to look for the little green padlock to make sure that you are entering a secure website. well, unfortunately a lot of phishing sites have started using the green padlock as well to try to fool the average user. These phishing sites try to copy a legitimate site, pose as an online retailer or other trusted site. Their goal is for you to trust them and enter your personal information, so it can be sold on the dark web and used for identity theft. It's important to always remember to look for the https:// displayed in front of the web address. The padlock by itself means nothing.

Continue reading
  1278 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
  1191 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.



Continue reading
  1140 Hits

Happy Holidays!


Christmas 2018 Blog Photo


Continue reading
  1212 Hits

Jury Scam in Orange County

Apparently there is a new scam going around in Orange County. Imposters are calling and claiming that they are from the Orange County Superior Court. They are claiming that you will be facing prosecution for missing jury duty and attempt to obtain your social security number. Read here for more details

The bottom line is, never ever under any circumstances give out any of your personal information such as social security number, birth date etc. to anyone who is calling you that you do not recognize. No reputable company is going to call you out of the blue to ask you for this information. Scammers will stop at nothing to get this valuable information from you so be vigilent in protecting it.

Continue reading
  1446 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
  1669 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
“ skimmer ”. estate planning direction Roth IRA car loans offering insurance gap insurance retirement April 11 tax deadlines October 1 2020. 2018 IRA contributions CARES Act Auto insurance emergency kit Medicare Part B tax deadline National Ice Cream month consumer spending president Trump card reader Coronavirus Aid Asset Planning media accounts January 10 trust jury duty integral member Shred paperwork D premiums Mobile Banking Security Tips clone counterfeits Independence Day July 3 rd Orange County Superior Court fun facts Flexible Spending Account Financial Planning Magazine phone April 15 settlement options privacy settings home emergency preparedness kits Part D premiums . Victor Dergunov padlock Healthcare 20 year anniversary September 30 2020. check lists home emergency kit stock pile ice cream event July weekend paper records phone companies tax returns COVID -19 virus credit score people medications retirement accounts app cell phone SIM swap scam IRS parking spots self-help topics wells Fargo Amazon CERTIFIED FINANCIAL PLANNER exam 70 1/2. assets stimulus package rescue organizations company tax records estate cell phone carriers offer IRS deadline privacy notices memorial Day weekend Social Security Administration Kraig Mathias 4 pm -8pm relief efforts insurance policies Wells Fargo customers September 9 insurance policy checklists executive order team members drive /usb official certification policy investment statements https :// notary services donation items Federal Trade Commission website Legal robocalls emergency folder Medicare Part B premiums credit card fraud cell phone carriers identity thieves FEMA website 2017 TD Ameritrade National LINC Conference Fox News story June 29 earnings fallout CA FTB web address Orange County 401K Economic Security Affordable Care Act donation counts interest Retirement Contribution Limits earthquake app vision screening VOIP landline phones September 8 debt water … Facebook profile vacation emergency kits Medicare credit cards estate planning flash drive records operations manager tax season birth certificates Medicare plan July 4 driver license credit card company scams bottom line identity theft markets credit monitoring service information Facebook California Lions Friends asset Planning pet years toilet paper client portal family members Medicare question Two-Step Verification contribution limit pet industry FSA retirement planning 2017 IRA contributions home security Treasury Department account numbers Open Enrollment pet donation drive phishing sites news coverage Kiplinger Letter Erin Nelsen IRA accounts fees interest rates EEChecklist-Kits.pdf stockpilingchecklist.pdf retirement plans documents pet supplies CFP ® Supplemental Security Income student loans paperwork clutter tax filing deadlines money illiegal robocallers https ://seekingalpha cell phone service provider Joey Gonzales fun atmosphere 2017 Equifax breach Charles Schwab spring cleaning Part B banking ID card home portal borrowing money ice cream text messages spam phone partner /owner summer coronavirus 900 number prescription eyeglasses spread Medicare Advantage home mortgages information disaster areas February 14 items increase July 6 clients trustee business hours Notary Public Open House Social Security Ice Cream Social Puerto Rico Brexit vote April 18 2017. market turmoil pets 23 andme clients show support Expired medications credit freeze non-prescripstion sunglasses home break-ins breach cell phone provider health care services blog post payments Labor Day holidays approach life saver chip-enabled EMV cards TD Ameritrade hurricane Dorian house sitter email notifications opt-out phishing scams DNA test kits Wells Fargo employees cell phones health care costs