Luz Johnson on LinkedIn: Debt-to-Income Ratio Explained (2024)

Do you know the rewards of financial planning? If you would like to find out more, message me or go to https://lnkd.in/dgPFt2ww#financialplanning #visualizeyourgoals #financialtips

How Will I Pay Estate Taxes?Estate taxes. It’s not enough to simply know they exist and to know strategies to minimize them. When it comes down to it, you need to plan how you and your family will eventually pay them.The Estate Tax DilemmaEstate taxes are generally due nine months after the date of death. And they are due in cash. In addition to estate taxes, there may be final expenses, probate costs, administrative fees, and a variety of other costs. How can you be sure the money will be there when it’s needed?https://lnkd.in/gQ4E8bW6#estateplanning #estatetaxes #financialadvisor

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Banks vs. Credit Unions: What’s the Difference?Whether you’re opening your first bank account or are considering moving to a new financial institution, you may be wondering about the differences between a bank and a credit union. While both are good options, there are a few things you should keep in mind before opening a new account.Read more at:https://lnkd.in/gM9KT9Us#financialgoals #financialadvisor #financialtips

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Are you tracking your expenses and do you know where your money is going? If you would like to find out more, message me or go to https://lnkd.in/dgPFt2ww#financialplanning #financialadvisor #financialtips

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What Cash Management Tools Are Available?There are a number of short-term cash management instruments available to the individual establishing a sound cash management program. These alternatives include money market mutual funds, Treasury bills, and certificates of deposit.Money market mutual funds simply pool investors’ dollars and purchase large denomination money market instruments. Individuals invest in the mutual fund for as little as $500 and receive the advantageous short-term rates.These money market funds are totally liquid and may be accessed by check, debit card, telephone, or wire transfer.Read more at https://lnkd.in/gaVc6a2Z#cashmanagement #financialgoals #financialadvisor

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How Does Inflation Affect Me?Are you saving for retirement? For your children’s education? For any other long-term goal? If so, you’ll want to know how inflation can impact your savings. Inflation is the increase in the price of products over time. Inflation rates have fluctuated over the years. Sometimes inflation runs high, and other times it is hardly noticeable. The short-term changes aren’t the real issue. The real issue is the effect of long-term inflation.Over the long term, inflation erodes the purchasing power of your income and wealth. This means that even as you save and invest, your accumulated wealth buys less and less, just with the mere passage of time. And those who put off saving and investing impacted even more.The effects of inflation can’t be denied — yet there are ways to fight them. Read more at https://lnkd.in/g4WJYjra#inflation #financialtips #financialgoals #financialadvisor

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Money tip from Warren Buffett.For more money tips, go to https://lnkd.in/dgPFt2ww#moneytips #financialtips #financialadvisor

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