When it comes to financial planning there is no one-size-fits-all option. As individuals, we all have different goals and objectives based on things like kids, marriage, work, age, and a host of other variables. When sitting down with your tax and/or financial advisor, it’s important to understand your asset allocation and what types of tax-deferred accounts you may have.

What does your income look like in retirement? Will you need to work part-time? Do you want to start a new business? Do you want to travel the world? These are all questions to ask yourself when retirement planning. To retirement plan is to plan for what you want your life to look like after paid work ends and that takes on many different forms in today’s world.

It’s hard to believe the year is already half over! Kids are out of school and days are filled with sunshine, lake days and plenty of sunscreen.

Here at North Main Financial we think it’s very important to be invested at a very high level in our communities and that includes not only other local business owners but our other institutions and educational spaces and it’s that relationship that we are going to highlight in this blog.

This might be one of your least favorite subjects – the crossover between financial planning and taxes. At a time when many people are giving attention to their taxes, we are often giving clients information about tax implications.

When you think about estate planning you probably think about legacy-style families like the Kennedy’s or people who are “wealthy”. However, each of us have an estate according to the Internal Revenue Service (IRS) and each state we live in has a different set of regulations.

Many of us cringe at the thought of paying for college. How do we even begin to think about that process? It's an incredibly expensive pursuit. The costs are forever rising when it comes to college expenses and that goes for private, public or trade schools.

Retirement means different things to different people. Perhaps you may be transitioning from a full-time career to part-time work. Or maybe you have plans to spend more time with family, travel the world, or hit the golf course with more frequency. Point is, you need to outline what a happy and fulfilling retirement looks like for you…and everybody is different!

Hospital bills, divorce, car repair, how do we address items when they come to us as a financial surprise? When we don’t anticipate certain financial events happening, can you plan for that in advance? The answer is yes, to a certain extent.

Hints of Spring are starting to pop up and March Madness is just around the corner and all this can only mean one thing…income tax season is upon us. Whether you are receiving a W2 or 1099 or filling out a Schedule C or a Schedule A, there are a flurry of forms that you are receiving, sending, filling out, and signing for the IRS.