Tax Planning Strategies
Understanding tax strategies and minimizing taxes is one of the easiest ways to maximize your return potential. How does one get started? Make tax-smart investment decisions and you can reduce the amount of loss to the IRS each year while keeping more of your income for current and future needs. Learn More…
FFMP Financial Insights
An effective investing plan needs to be goals driven. There are principles and strategies that will enable you to build an investment portfolio that reflects your goals, values, and time horizons. Understanding these principles and strategies can help you avoid some of the pitfalls which commonly snare some investors.
Being able to assess and improve your business’ cash flows are critical to your financial wellbeing. Positive cash flow indicates that your business’ liquid assets are increasing, enabling you to better cover obligations, reinvest in the business, return money to shareholders, pay expenses, and provide a buffer against future financial challenges. With strong financial flexibility, your company can take advantage of profitable opportunities. If you’re not there, we want to help you get there. Let's get started today.
Tax Planning Strategies
Understanding tax strategies and managing your tax bill should be part of any sound financial approach. Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts.
Effective estate management enables you to manage your affairs during your lifetime and control the distribution of your wealth after death. An effective estate strategy can spell out your healthcare wishes and ensure that they're carried out – even if you are unable to communicate. It can even designate someone to manage your financial affairs should you be unable to do so.
One of the keys to a sound financial strategy is spending less than you take in, and then finding a way to put your excess to work. A money management approach involves creating budgets to understand and make decisions about where your money is going. It also involves knowing where you may be able to put your excess cash to work.
Investing should be easy – just buy low and sell high – but most of us have trouble following that simple advice. There are principles and strategies that may enable you to put together an investment portfolio that reflects your risk tolerance, time horizon, and goals. Understanding these principles and strategies can help you avoid some of the pitfalls that snare some investors.