Inflation is the increase in cost of goods and services that both businesses and consumers buy Ultimately, all price increases are paid by the consumer. Inflation statistics are based on the Consumer Price Index.
Consumer price index recently went up 5.4%, but that does not mean your costs did. See the drivers of the increase and learn how to avoid paying inflated prices.
Gross Domestic Product is a method of measuring and benchmarking the growth of the economy and compare it to other nations on the planet. It is important to understand the implications of government policy and the use of resources. In summary, the American Consumer is 100% of the American economy, because all business and government exists to serve people. The economy is based on the aggregate decisions of all individuals within the United States.
Here are our thoughts on the potential changes to tax laws and ow we can best plan for the higher taxes and the financial discrimination against high net worth and high income individuals.
This article explains some common tax planning strategies The goal is to pay your fair share of taxes to the federal and state government. You are under no obligation to overpay your taxes. Understand that there is always the risk of an audit. Depending upon the deductions you take and supporting documents that you have, the audit can be easy or difficult. Life-Legacy Financial Counsel recognizes that there are almost 300 tax deduction categories and sub-categories that businesses may use to reduce their tax obligations.
Our energy systems, both global and national are a conglomeration of many systems, processes, and methods that allow energy to be created, distributed, and used to power our personal and business needs . We use combinations of Fossil Fuels, Hydrothermal, Solar, Wind, Nuclear sourced energy to power our homes, factories, transportation, and lifestyle. This video explains the systems and their impact on the environment.
A Recording of our Conversation on the show Driving Home the Faith, a local Cincinnati Catholic Radio Station about the value of planning for your Legacy. Because there is more to your Legacy than just the stuff you leave behind. Your Voice, Values, and Vision have value too.
We can help you understand your Medicare benefits better. We offer this as part of our Comprehensive Financial Planning Process and as part of free public seminars that we offer throughout the United States.
Medicare and Social Security Related Educational Brochures that we discuss with clients and prospects. We provide insight as a trusted unbiased resource.
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Forms we use in our planning process