Reed Family Finance

Protecting Your Identity

It shouldn't be news to you at this point that Equifax, one of the three largest credit reporting agencies in the country, was recently hacked. The hackers were able to gain access to consumers' names, dates of birth, Social Security numbers, addresses and, in some cases, more. That information is extremely powerful in a digital world, and the number of consumers affected totals 143 million. [...]

Keeping Your Finances Secure During Natural Disasters

Now, I understand that compared to your family's safety, your home, and your community as you know it, your finances may seem insignificant; but protecting your finances can provide some measure of peace during an otherwise stressful situation. Let me share some ideas of how to help protect yourself financially, if you are ever facing such an event. [...]

Measure Twice, Cut Once

There's an old adage in the construction world: measure twice, cut once. Otherwise, pipe connections leak, electrical connections fail, and houses fall. Now, I don't consider myself a handy person by any stretch of the imagination but I do know my way around some common power tools. And although it's probably safest for me to "outsource" home projects, I have completed a few on my own. I can't even tell you how many times measuring twice has saved me from disaster. [...]

Find Your Own Taxable 'Sweet Spot'

What I want to focus on today is what I like to call the “sweet spot” of our tax lives. The “sweet spot” is that short time in our adult lives when many taxpayers fall into a lower tax bracket, after having retired from full-time jobs. Think about it: we stop receiving a salary and, if we have planned well and are able to wait to tap into our tax-deferred accounts, and can also delay collecting Social Security as long as possible, we will potentially find ourselves in a much lower tax bracket for a few years. But for many retirees, this period of low taxable income won’t last. [...]

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