Spring is here!  It’s when you feel like cleaning out your closet and reorganizing your room every year, but so often people neglect the type of spring cleaning that they should focus on most; their finances!  Cleaning up and organizing your finances and all the paperwork is a good way to stay on top of your financial progress.

Know Where You Stand

From rate changes to market fluctuations, there are many different factors that can affect your money.  Don’t be caught off guard, explore and evaluate your resources and options.  Knowing where you stand financially is the key to keeping your finances in good order.

Set Realistic Goals

Attempt to set realistic goals to achieve your financial success.  Stretch your dollars and use money wisely.  Know where your money is going and attempt to make goals oriented around things that you really want to do now.

Build an Emergency Reserve

Are you prepared for an unexpected expense?

There are numerous ways to boost your emergency fund.  Some are as simple as being aware of your future care needs and trying to curb unnecessary spending.  Another idea is to do away with those memberships and subscriptions that are no longer important to you.

Get Rid of Clutter

Spring is a good time to do some financial cleaning and purging—out with the old and in with the new!  Keep in mind, for most people, you don’t need to keep old tax returns any more than 7 years.  Shredding old documents is the best way to  purge old paperwork with personal information on it.

Monitor Your Spending

Make sure your dollars are going toward things that bring you the most satisfaction and benefit.  Set your priorities and focus your spending on things that matter to you most, that way you will have resources available to do the things that add value to your days and fulfillment to your life.

Tax Scams Can Take Different Forms

Always be aware of scammers but be especially aware during tax season.   The most common scams come in the form of emails and phone calls, they will often use the IRS name, logo and fake websites to obtain information and sometimes money from unsuspecting citizens.  The IRS will never demand payment over the phone, threaten legal action, or threaten to contact the police.

If you receive an email that you believe is a scam – forward it to: phishing@irs.gov and then delete it.  Don’t reply to the email or open any of the attachments.

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IRS, Partners Urge Taxpayers to Beware of IRS Impersonations and Tax Scams

IRS Taxes. Security. Together. Tax Tip Number 6, December 8, 2016

If you get a call from the “IRS” threatening you with lawsuits or jail unless you pay up immediately … Guess what? It’s a scam.

IRS impersonation and tax scams by phone, email, postal mail and text are ongoing. Criminals use more and more creative ploys to trick taxpayers and tax preparers. Don’t be a victim.

The IRS, state tax agencies and the private-sector tax industry are asking for your help in the effort to combat identity theft and fraudulent returns. Working in partnership with you, we can make a difference. Continue reading

Fed Interest Rate – Angeles

I was recently at a celebration for a colleague who retired after being a financial advisor for over 30 years.  We were surrounded by a room full of her peers and they were reminiscing about the many years they had all worked together, of times when interest rates hovered in or close to double digits.  For years now many have felt the effect of near non-existing interest rates on CD’s and Money Market funds.  Here we are in an election year, with many casual conversations about the economy often including a mention of the Fed and interest rates.  Just in case you find yourself in one of these conversations, I wanted to share this link to Angeles Investment Advisors blog, a post written by Michael Rosen which discusses just that topic.

Help Avoid Tax-Related Identity Theft

Warning signs: Potential fraud and scams

Tax-related identify theft involves someone using a stolen Social Security number to file a tax return and claim a fraudulent refund. This is a small but growing occurrence, and if it happens to you, it can have a major impact on your financial life and delay payment of a tax refund on which you may have been depending. Continue reading

“Investing demands humility, even from the best of us.”

Words of advice from Michael Rosen, Angeles Investment Advisors.  When it comes to investing, even when we can look at probabilities, which come with large standard errors, and consider all the many variables that affect investments, there is still no formula for investing with 100% confidence.  Should you follow your instincts?  What is the best shape for an investment strategy?

Clink on the link below to learn more… Inside the Triangle by Michael Rosen – Angeles’ Blog

Packed Open House Launches New Foundation Location

More than 80 people helped The Residents Foundation unveil its new offices in downtown Milwaukie. In spite of cold, wet weather outside, the vibe inside was warm and fun.

Executive Director Diane Wernli, her staff and several Board members hosted the event, which featured delicious locally produced treats and take away gifts for everyone.

The gifts to celebrate the opening of the new location included coffee mugs, letter openers, magnifying lenses. But the one that got the most attention on this wet spring day were the blue and white umbrellas with The Residents Foundation logo and our informal motto,  “We’re there for you on a rainy day.”

There’s still some “swag” left in case you missed our Open House. Please feel free to stop by or call anytime.

971-233-8956 Continue reading