myFinancialExcellence

My passion is Financial Literacy - Helping people make really good money decisions. Licensed Insurance, Securities, Certified Financial Education Instructor.

[myFinancialExcellence @myFinExcel]

7 Strategies of Financially Secure People:

1️⃣ Get organized
2️⃣ Protection First
3️⃣ Save 15-20%
4️⃣ No Bad Debt
5️⃣ Proper Housing Cost
6️⃣ Budgeted Lifestyle
7️⃣ Proper Legal Documents

/Retweet Please!

[myFinancialExcellence @myFinExcel]

@AcdntlyRetired My clients everyday!

[myFinancialExcellence @myFinExcel]

@MarketPalmer_ One key part is to get this book in the hands of the 20year old and help them have the wisdom to internalize the knowledge.

Reading it in your 40’s or 60’s is better than nothing but there’s no do-overs.

[myFinancialExcellence @myFinExcel]

@GeorgeGammon None. Based on my understanding of your past white boards.

[myFinancialExcellence @myFinExcel]

@BellamyCalls @InvestingDDS My second comment in that tweet is aimed at original post - not this comment - to clarify.

[myFinancialExcellence @myFinExcel]

@BellamyCalls @InvestingDDS Yeah any diversified portfolio would have underperformed that index in the last 3 years.

But that’s kind of like asking why the advisor didn’t put all your money in that one stock that’s up 1000% - it all looks easy in the rear view mirror.

[myFinancialExcellence @myFinExcel]

@GuyTalksFinance I would say yes except for 401k matching or minimum account funding - keep doing those.

[myFinancialExcellence @myFinExcel]

@brianportnoy @MeasureTwiceMNY You are paid to communicate.

[myFinancialExcellence @myFinExcel]

@brianportnoy I’d talk about how financial planning isn’t about getting rich.

Financial planning is about achieving goals, fulfilling commitments, a having financial security so that you are never poor.

Tie the life plan to the money. It’s not about the money. It’s about values.

[George Papadopoulos @GeorgePapa19]

BREAKING: Fulton County, Georgia, acknowledges that 3,600 ballots from the 2020 election audit were duplicated; now the discrepancy has been turned over to the GA Attorney General for investigation.

Another “right with conspiracy” comes true!

[myFinancialExcellence @myFinExcel]

@RatesGuru @KeithKail @DividendRay @DecadeInvestor 1) The tax exempt nature of munis do make them attractive to high tax bracket people.
Im not sure but I think this income might count as provision income despite being income tax free
Which may still impact taxation of social security income and Medicare premiums.

[myFinancialExcellence @myFinExcel]

@AdultingIsEasy On the actual selection, transaction and so on I’d say they aren’t qualified to do so.

But, as a component of your overall wealth as one of many asset classes relative to a comprehensive financial plan? Yes.

[myFinancialExcellence @myFinExcel]

@MGPalmer2 There were issues in my precinct last election. I later called and messaged my county election commission and no response. I have no idea if the issues been resolved since last time.

[myFinancialExcellence @myFinExcel]

@LorilynWilson @TKopelman Back when the deduction was unlimited I knew a lot of business professionals that did that.

[myFinancialExcellence @myFinExcel]

@girdley I think a generational wealth plan must also include wisdom to accompany the money.

[Keith Kail @KeithKail]

What has your home buying experience been like or have you observed?

[Keith Kail @KeithKail]

I hope so!

[The Kobeissi Letter @KobeissiLetter]

JUST IN: Mortgage demand is now down 50% from pre-pandemic levels and at its lowest level since 1994.

From its peak in 2021, mortgage demand is down ~64%.

Current mortgage demand is ~75% below the 2005 peak.

The most incredible part of this?

Mortgage rates are still only at their historical average.

Housing market activity is coming to a halt.

[Jeff Levine, CPA/PFS, CFP® @CPAPlanner]

🚨Breaking Tax News🚨

Retirement-related inflation adjustments have just been released by the IRS. Key numbers for 2024 include...

🔸IRA contribution limit: $7,000 (⬆ $500)
🔸401(k) salary deferral limit: $23,000 (⬆ $500)
🔸Max SEP IRA contribution: $69,000 (⬆ $3,000)
🔸Max QCD: $105,000 (⬆ $5,000)
🔸Max one-time QCD to split interest entity: $53,000 (⬆ $3,000)

🔸IRA catch-up ($1,000), 401(k) catch-up (($7,500), max QLAC ($200,000) all remain unchanged all remain unchanged.

For full list of adjustments, see: https://t.co/sd0dmf5wpG

[myFinancialExcellence @myFinExcel]

@KeithKail

[Financelot @FinanceLancelot]

"It's different this time" 😏

[myFinancialExcellence @myFinExcel]

@AdultingIsEasy Bliss