Jason Marsh, CFP® EA

Founder of Cognition Financial RIA. Father of 2. Helping small business owners with financial planning and tax strategy. Tweets are not advice

[Jason Marsh, CFP® EA @JasonMarsh3434]

@gymmaxxfit I like to think its optimistic not deceitful.

Finance X is the same way. I think ideas for improvement and models of success can help others.

[Jason Marsh, CFP® EA @JasonMarsh3434]

@FrontierBDesign This is what I see with small business and new technology all the time.

Review the books and see a big recurring charge going out for software that hasn't been touched in months.

[Jason Marsh, CFP® EA @JasonMarsh3434]

@finwellguy I still love mine.

[Jason Marsh, CFP® EA @JasonMarsh3434]

@ItsJamesHall I look at it differently

Low Income - Budgeting helps, but you need more income.

Moderate Income - Budget is huge. Add to your investments first and you win eventually.

High Income - Save a lot, spend what's left.

What's more important is really based on your income level.

[Jason Marsh, CFP® EA @JasonMarsh3434]

@DividendDad1 Other players who build systems do fine. Invest your capital and gift from the earnings. It may be delayed gratification but it is a sustainable path forward with long-term rewards.

[Jason Marsh, CFP® EA @JasonMarsh3434]

@andreacpa0 It's the worst!

[Jason Marsh, CFP® EA @JasonMarsh3434]

@FPasselli94 Tax planning is a skill that take time and effort and the professional should be compensated for that, but it takes 10 seconds to tell the client that they need to put aside 20-30% + explain estimated payments.

I think that's being a good tax pro, not an elite service offer.

[Jason Marsh, CFP® EA @JasonMarsh3434]

I've been recommending it to clients for years, but I finally got to open a Roth IRA for my son.

He is 15 and is making money for the first time mowing yards.

I am going to match what he invests and we can use this to learn about investing, the stock market, compound interest and a host of other things that will hopefully help him be successful later in life.

[Jason Marsh, CFP® EA @JasonMarsh3434]

@TheMattCochrane Divorce is crushing to a person's finances. You typically lose a good portion of wealth and bills also increase usually pretty substantially.

You can and will recover, but it is a crushing blow worse than you can ever expect.

[Jason Marsh, CFP® EA @JasonMarsh3434]

Cash flow planning has to include what you need as an owner to survive + thrive.

Short term you can sacrifice and go without, but you need to know what the business needs to provide so you can pay your bills, eat, and invest in your future.

If all of your money goes back into the business and none of it enriches your personal life you won't last long.

[Jason Marsh, CFP® EA @JasonMarsh3434]

@patrickdichter She built herself the job she wants. Sounds pretty great. If she doesn’t like a client she fires them and brings on someone new. I never fault someone for knowing when to stop.

[Jason Marsh, CFP® EA @JasonMarsh3434]

@lady_valor_07 Wash

[Jason Marsh, CFP® EA @JasonMarsh3434]

@FinXRob You can, but I don’t love this as a plan. You should have money in your Roth invested and should treat this as a last resort.

It defeats the whole purpose of saving for retirement if you need to withdraw from it even if it is just a few times a year.

[Jason Marsh, CFP® EA @JasonMarsh3434]

@AmericanoDeNiro @YeticusMaxi @FinXRob There is a 5 year provision, but it doesn’t matter for contributions only any money made off those contributions. You can always take money contributed out tax and penalty free.

[Jason Marsh, CFP® EA @JasonMarsh3434]

@Liathetrader @MarketPalmer_ The scarcity mindset is hard to shake. Once you get into save don’t spend mode it can take a lot of convincing to get out of it

[Jason Marsh, CFP® EA @JasonMarsh3434]

@Liathetrader @MarketPalmer_ I think a lot of them are more scared than greedy. If you can show them they will be ok in retirement the gifting starts to flow.

[Jason Marsh, CFP® EA @JasonMarsh3434]

@MrNQDC There is always talk of tax rates having to increase in the future to sustain current gov't programs, but I like to stick to what I know.

The math isn't that hard and while I want to see money in Trad/Roth/Brokerage for flexibility purposes most of the time just follow the math.

[Jason Marsh, CFP® EA @JasonMarsh3434]

A client I worked with needed to take 20K out of the business for home renovation.

Because we made sure books were up to date and we provide planning for their personal lives as well we could easily provide an answer both on feasibility and impact.

It was possible without putting the business in a cash flow crisis, and the impact was delaying this month's retirement contribution which long term is not a big deal.

[Jason Marsh, CFP® EA @JasonMarsh3434]

@DorianB112 The chest fly with your wrists turned up coming from below your shoulders gets me every time.

[Jason Marsh, CFP® EA @JasonMarsh3434]

@dmbkparker I fixed my lawnmower, why not try the helicopter next?