Eric Scott Blog Posts

 

4 Reasons to Have a 401(k) Strategy

4 Reasons to Have a 401(k) Strategy

If you’ve saved a substantial amount in a tax-deferred retirement account, it will no doubt be instrumental in retirement. The next step is to strategize how you’ll use those savings. There are several important things to know about your 401(k), such as how much you...

Tax Minimization Strategies When Estate Planning

Tax Minimization Strategies When Estate Planning

We’ve seen increased government spending due to the COVID-19 pandemic and will likely see more in the near future. This could mean a much larger tax bill later on. There are many long-term tax minimization strategies that you should consider: Capital Gains Tax...

Is Our Government Anticipating Inflation?

Is Our Government Anticipating Inflation?

The Consumer-Price Index (CPI) rose to 4.2% in April as compared to last year. (1) We could see higher prices when it comes to travel, food, cars, and other common goods and services. High inflation can hurt retirees who are living off their savings, especially when...

When Will You Transition from Saving to Spending?

When Will You Transition from Saving to Spending?

In retirement, you have to transition from saving to spending. You’ve worked hard to amass wealth, and now you must protect it from market downturns and make it last for the rest of your life. We have seen record highs in the stock market recently, but the state of...

Why You Need an Estate Plan

Why You Need an Estate Plan

If you own something and you love somebody, you need an estate plan. An estate plan is much more than just a tax plan. An estate plan includes how are you taken care of while you are alive, and then how things are handled at your death. An estate tax plan focuses on...

Prepare for Taxes On Your Retirement Accounts

Prepare for Taxes On Your Retirement Accounts

The Biden administration has already spent $1.9 trillion on COVID relief and has plans to spend trillions more on infrastructure projects, Medicaid expansion, education, and climate investments. In order to fund these projects, the administration has proposed several...

Silver at $100 is Extremely Likely

Silver at $100 is Extremely Likely

*This article was originally shared with our team by National Gold Consultants, the company we use for the gold and silver needs of our clients. For more information about how gold and silver may fit into your Financial House, call our office at (435)773-9444 and...

How Will You Create a New Life in Retirement?

How Will You Create a New Life in Retirement?

Even though most people look forward to retirement, some forget that losing the structured routines, sense of purpose, and social interactions from having a job can lead to a difficult transition. During the past year, many have realized that never going into the...

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