February 23, 2017

10 Facts to Know about Capital Gains and Losses

When a person sells a capital asset, the sale normally results in a capital gain or loss. A capital asset includes inherited property or property someone owns for personal use or as an investment. Here are 10 facts that taxpayers should know about capital gains and losses:
February 20, 2017

Lessons Learned on Presidents’ Day

One of the greatest lessons learned on Presidents’ Day comes from our 19th President, Rutherford B. Hayes. The former president set out to reconcile the division caused during the Civil War. As you can imagine, there was a great deal of angst and animosity among the American people. After spending several years at war with one another they hated each other. Hayes is actually one of the most hotly contested Presidents to ever take office. He narrowly won the popular vote and Electoral College over his opponent Samuel J. Tilden. One of his greatest obstacles, building his cabinet. In order to unite the country, he chose to bring people in from all over the country and not just the north as some expected. Hayes is actually credited with building the new Republican party in the South, the same Republican party Lincoln is associated with. The truth, this was such a challenge, even […]
February 17, 2017

Million Dollar Mistake

Last week I was meeting with a client, and we discovered a one million dollar mistake. Are you making the same mistake? Let’s dig in and find out. He’s investing $1,500.00 a month into his 401k. When we looked at his allocation – where he’s putting the money. He has all the money flowing into a target date mutual fund or a target date fund. What is a target date fund? Well, you’ve probably seen these in your 401k if you have one. They’re typically the fund that says like 2020 or 2025 or 2030. The idea behind a target date fund is the fund company, XYZ Fund Company, grabs a group of their investments, a group of their mutual funds typically, and wraps them in a pretty wrapper. That the closer you get to that target date of 2020 or 2030, then the mutual fund or that Target Date […]
February 16, 2017
investing mistakes to avoid

Investing Mistakes to Avoid

With the current market, investing is a risk no matter where you choose to place your money. Uncertainty is a key feature today, and it is just something we need to accept. However, that doesn’t mean making money from investing is impossible. In fact, more people are padding their net worth from investment opportunities than ever before.  Which suggest something else – rather than judging market fluctuations based on what we know; we need to reposition ourselves and learn it all over again. With that in mind, here are nine investing mistakes to avoid, so you can thrive in uncertain waters, rising above the competition. Trying to Perfect Your Timing – For years, we’ve heard the best way to make money is to time the market. By this, we mean buy when prices are low and sell while they’re high. Achieving this could make you lots of moola. The problem […]
February 15, 2017
must do financial moves

8 Must-Do Financial Moves for Young Adults

It’s unfortunate that personal finance is not a compulsory subject in college and high school yet. This is one of the reasons why so many are fairly clueless when it comes to money management in the real world. Getting started is the hard part. So to help you understand what you need to know about personal finance, here are eight powerful tips that will guide you to living a worry-free financial life. Learn Self-Control You may be lucky to have learned self-control from your parents as a kid, but If not, self-control is a skill that will help you keep your finances in order. It is not a crime to effortlessly buy stuff any minute you want,  but it’s advisable to be patient till you’ve actually saved some money. If you continue with the habit of pulling out your credit cards all the time to make a purchase, regardless of whether […]
February 14, 2017
Forbes Finance Council

Justin Goodbread accepted into Forbes Finance Council

Justin Goodbread accepted into Forbes Finance Council Justin Goodbread, CEO of Heritage Investors, receives an invitation into the Forbes Finance Council. The invitation-only community is for executives in accounting, financial planning, wealth and asset management and investment firms. Justin joins other hand-selected Forbes Finance Council members, as part of a curated network of successful peers. Members get access to a variety of exclusive benefits and resources, including the opportunity to submit leadership articles and short tips on industry-related topics for publishing on Forbes.com. Forbes Councils combines an innovative, high-touch approach to community management perfected by the team behind Young Entrepreneur Council (YEC) with the extensive resources and global reach of Forbes. As a result, Forbes Council members get access to the people, benefits, and expertise they need to grow their businesses — and a dedicated member concierge who acts as an extension of their own team, providing personalized one-on-one support. When asked […]