Monthly Archives April 2018

Getting (and Keeping) Your Financial House in Order

Holistic planning for retirement at Eric Scott Financial starts with a firm foundation of fixed income assets which shift the risk of financial loss away from the retiree and over to FDIC-insured banks or highly-rated insurance companies. Having protection you can count on is important, as is having dependable retirement income. The outside walls of the financial house are supported by tax planning and legacy planning. And a system designed to be low-risk and low-volatility in order to help combat the costs of inflation is built into the interior structure.* Finally, the roof includes moderate-risk investments designed to provide inflation
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Are You Paying More Than You Should in Taxes?

CROSSROAD #1:  TAX REDUCTION Eric Scott wrote the book The Five Crossroads to help people understand the issues they will face throughout retirement so they can use it as a guide to avoid problems. The first Crossroad he covers is “Tax Reduction.” The most important way you reduce your taxes in retirement is to make sure you’re taking advantage of all the credits, deductions and exemptions that are legally available to you. Many individuals believe their CPA is doing everything they can to ensure they pay the least amount of tax possible. However, the majority of CPAs aren’t trained to
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April is Financial Literacy Month. Here Are the Top 10 Things You Should Know.

Tax reform changes a lot of things starting in the 2018 tax year. (And a lot of the new law sunsets in 2026, returning to 2017 levels.) Under the new tax law passed last December—the “Tax Cuts & Jobs Act”—some of the changes include new tax brackets, new limits to mortgage interest deductions, lower deductions for local property/sales taxes, higher standard deductions, higher estate tax exemptions, and more. We suggest that you meet with both your financial advisor as well as your tax professional to see how you will be affected, and how you might best prepare for 2018 and
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Client Highlight: Elisabeth and Franz Rom

If Franz and Elisabeth Rom could be summed up in one word, it would be ‘sincere.’ The Rom’s are, as Franz put it, “simple people, who have been fortunate to have so many experiences.” Franz and Elisabeth were born in Austria, on opposite sides of the country. Elisabeth was raised in The Alps, by the borders of Germany and Switzerland, while Franz was on the southeast side, closer to Italy’s border. Elisabeth’s fondest memories were all contained in her childhood and growing up. She loved working on her father’s farm and for his grocery store, but most of all loved the
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Welcome to Our First Issue of “LIFE. ON COURSE.”

We have just published the very first issue of our bi-annual newsletter. It’s called, “LIFE. ON COURSE.,” and we invite you to download it here as well as share with your friends and family who might be interested. DOWNLOAD PDF As always, we are here to serve you. Consider coming to one of our community events to learn more, or call us with questions about Social Security, Medicare or your retirement plan. We look forward to it! You can reach us at Eric Scott Financial, 435.773.9444.
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