Next to the IRS, the most formidable and intimidating institutions people will face are the insurance companies and the medical care complex. Both are at the root of increasing medical costs and both are intent on making sure their bottom lines are forever expanding. Never mind that high medical bills are the number one cause of bankruptcies in the U.S.
It’s tax season again, and a question we get from a number of clients after receiving their yearend statements is, “Are my investment advisory fees tax deductible?” And the answer is an equivocal, “It depends.”
For our clients at WWK Wealth Advisors, having a financial plan serves a foundation to help them make smarter financial decisions. It gives them perspective with life gets rough.
Most likely, the government shut down will have little to no long-term impact on your family's financial future. Yes, it is a horrible display of poor governance. You and I should let our representatives know our views (here) but leave it at that. It is out of your control.