As a financial advisor who prepares taxes, I see various degrees of substantiation when it comes to non-cash charitable donations (i.e. Goodwill). Everything from handwritten receipts (which don’t work) to detailed records show up in my office. The difference between the two can affect your taxable bottom line. Remember, the better the substantiation, the easier it is to properly value your donation. … Continue reading
Technology is a wonderful thing…..when it works. We live in a highly technical society. We communicate differently than we did 10, 20, and 30 years ago. Skype, text, and social media seem to be the methods of choice for today’s tech savvy folks. My kids may never understand the sound of accomplishment that comes from moving the carriage on a typewriter after … Continue reading
Happy Happy Joy Joy….Happy Happy Joy Joy! Stick a hot poker in my eye, and you’ll understand my feelings about the reporting requirements for small business owners and the 1099. While I understand the concept and reasons for this reporting requirement, it’s simply a pain. Ok, I’ll get of my soapbox, stop complaining, and deliver the lowdown. If you are a small … Continue reading
Happy New Year! I can hardly believe it’s 2012. As a child, the thought of the year 2012 would conjure up futuristic visions of space-age technology. To some degree, today that technology is a reality. What will tomorrow bring? Imagine what the next ten years will bring? What will 2022 look like for you financially? Are you doing the right things today … Continue reading
Happy Thanksgiving! This is always one of my favorite weeks of the year. I really enjoy the relaxed time with my family, and, of course, the over-indulgent feasting….even our kids love our Thanksgiving meal. You might ask what this has to do with financial planning. Well, I might suggest you turn the question around…..what does financial planning have to do with being … Continue reading
Are you a business owner? Are you self employed? Is your business set up for financial success? As a fee-only advisor, I frequently speak with business owners and individuals who are self-employed or contractors. Unfortunately, I have seen many mistakes that have negatively impacted the success of the small business owner. For instance, improper ownership titling, improper business entity selection, improper tax … Continue reading
The stock market has certainly had a bumpy ride over the last few years. The instability of the market has created a large number of questions for the individual investor. One question that I have been asked by many involves stock dividends. The question goes something like this: If money market and CD rates are paying laughable returns, why not invest in … Continue reading
The best financial decision you may make in your lifetime may not benefit you, but it will directly benefit those you care about. Having life insurance can assure the protection of your family in the case of a premature death. I was recently speaking with a friend of mine who shared a sad story. My friend’s good friend suffered a fatal heart … Continue reading
Have you documented your household contents lately? How about ever? Most people don’t take the time to memorialize the contents inside their home. You may ask why this is needed. The answer can be easily relayed by a recent personal experience. My office, which is in my home, was partially flooded by a faulty connection hose. Of course this occurred while I … Continue reading
With our economic environment in question, we need to take advantage of every possible opportunity to save a dollar along the way. More and more companies are offering “deals” to reward loyalty and capture new customers. Some of the offers are coming from places you may not expect, so I thought I would share with you some of my recent finds. I … Continue reading
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Von Haefen Financial Management
710 Davidson Road - Nashville, TN 37205-3141 - (615) 353-9646
