retirement planning
Can Millennials Count on Receiving Social Security Benefits?
While our grandparents’ generation counted on social security almost without question, times have changed, and most millennials now have their doubts. If you are a Millennial and are concerned that social security benefits may not be there waiting for you when you retire, you are not alone: according to a 2017 Annual Transamerica Retirement Survey, […]
#retirement planningWritten by prositesfinancial • May 7 • 3 minute read
6 Simple Tips for Young Investors Saving for Retirement
When you are young, it can be incredibly tempting to put off saving for retirement. Retirement seems like this distant, irrelevant dream that couldn’t be less relevant to the needs of the present. Yet, saving early and often is one of the biggest keys to success and a happy retirement. If you want to enjoy […]
#financial planning#investment tips#retirement planningWritten by prositesfinancial • Apr 22 • 4 minute read
New Articles
What You Should Know About Virtual Accounting
Your accountant doesn’t have to be physically present for your business to benefit from their expertise. Modern technology makes virtual accounting an excellent alternative. It analyzes your accounts remotely and updates them appropriately. Virtual accounting also works if there’s a significant distance between your preferred accountant and your business premises. Some individuals and companies choose […]
Written by prositesfinancial • Dec 4 • 3 minute read
Financial health refers to the overall state of your monetary affairs. It’s your ability to manage earnings, expenses, debts, wealth, and fiscal shocks. There are various ways to create financial health, including savings, retirement plans, and planning how you spend your income. If you can comfortably handle unexpected financial emergencies as well as short- and […]
Written by prositesfinancial • Nov 24 • 3 minute read
Using a 529 Plan To Save For College
A 529 plan is a savings plan that is used to save money for college which offers certain tax and financial aid benefits. 529 plans are quite versatile and they can be used for other things too, such as K-12 tuition bills. The Types of 529 Plans There are a couple of different types of […]
#college fund savings#investment tips#paying for collegeWritten by prositesfinancial • Sep 3 • 4 minute read
Credit Card Negotiation Options and Risks
Credit card debt is one of the most pervasive financial issues faced by Americans, with the average credit card balance as of 2016 being $5,551. If paying off your credit card debt is proving to be a substantial challenge, or worse is making it difficult to pay critical household expenses such as groceries, rent, medical […]
Written by prositesfinancial • Apr 17 • 4 minute read
Why Dave Ramsey Might Just Be Right About Using Only Cash
The truth is, most of us just don’t have the self-discipline necessary to use credit cards responsibly. We live in an advertisement saturated consumer society that encourages us to spend, spend, spend at every possible opportunity, and everywhere we go. As a result, most Americans are up to their eyeballs in debt with the national […]
Written by prositesfinancial • Jan 7 • 4 minute read
Top 10 Easy Ways To Save Money Today
Many of us feel like we can never seem to make enough money to make ends meet. It might be drowning in credit card bills or trying to make a student loan payment, but there’s always a reason why we don’t have enough money. While it would be ideal to make more money at your […]
#Budgeting and saving#cutting costs#save moneyWritten by prositesfinancial • Jan 7 • 4 minute read
Key Tips About Student Loan Debt
Overall, the need for student loan debt reform is clear. However, current economical conditions and increasing education costs don’t bode well for any significant changes in the near future. With the student loan debt now surpassing credit card and auto loan debt, it is more important than ever to take precautions and prepare as much […]
#personal finance#Student loansWritten by prositesfinancial • Jan 7 • 4 minute read
How To Begin Building Your Credit
Starting you credit history is the perfect opportunity to begin good spending habits. With over 45 million Americans you are not alone in this pursuit, and there is a method to the madness. There is so much information out there it may be hard to decide where to begin, but after a little research you […]
Written by prositesfinancial • Jan 7 • 4 minute read
How to Build Generational Wealth
If you look at the world’s wealthiest people, you’ll find that many of them were born into wealthy families. But regardless of your background, you can make smart decisions today to build wealth, grow it, protect it, and pass it down to your loved ones for generations to come. Generational wealth comprises financial assets, such […]
Written by prositesfinancial • Jan 26 • 2 minute read
8 Common Life Changes That May Impact Your Taxes
Fluctuating taxes are one of life’s certainties. Legislative changes can reduce or increase the amount of taxes you owe, but that isn’t the only factor that can alter your tax situation. A variety of life events can impact your tax liability by altering your filing status, changing your tax bracket, or making you eligible for […]
Written by prositesfinancial • Jan 19 • 3 minute read
Top Tips for Separating Business and Personal Expenses
As a first-time business owner, you might be unfamiliar with the concept of separating personal and business expenses. Mixing the two not only makes it hard to determine your business’ financial health but also causes tax complications. Other than cost savings, separating your expenses shields you from personal liability in case of a lawsuit against […]
Written by prositesfinancial • Jan 12 • 2 minute read
Cash vs. Accrual: Which Accounting Method Is Right for Your Business?
Precise accounting is a critical component of running a successful business. There are two primary accounting methods you can use as a small business owner: cash and accrual accounting. Even if you don’t handle your own accounting and bookkeeping tasks, it’s vital to know how each of these accounting methods works so you can choose […]
Written by prositesfinancial • Jan 5 • 2 minute read
Understanding Your Credit Score
A credit score is a figure that lenders use to determine your likelihood of repaying a loan on time. It’s built on your credit history, and the FICO® Score ranges between 300 and 850. You need a decent credit score to improve your financial well-being, and the higher it is, the less likely lenders are […]
Written by prositesfinancial • Dec 29 • 2 minute read