Myles Haverluck Tax Tips That Save You A Bundle

According to Myles Haverluck tax bills can be reduced with reductions, and you need to ensure you take advantage of every credit you’re entitled to deduct. Haverluck says most taxpayers simply overlook available credits. Here are five essential tax filing tips to take advantage of;

1. Charitable Contributions

Charitable expenses are a vast write-off. All your typical donations add-up during the year, and are deductible. Some examples include Salvation Army donations, like clothing, and furniture are eligible and don’t forget the car you contributed to the veteran’s association. The IRS also allows deductions for your charitable time and energy; if you help by purchasing, preparing and driving the meals to a destination for non-profit organizations you can deduct the expense.

2. Gambling Losses

Do you have more losses than wins at the casino? What about those discarded lottery tickets? Haverluck says if you itemize your deductions, your losses are deductible on your federal tax return. Of course, to remain audit-free you should keep a journal of your losses, including dates and the types of gambling games you engage in. Keep those lottery tickets handy, with a summary of your losses and any winnings. Most people are often surprised at a year’s tally.

3. Tax Preparation Fees

Taxpayers are stunned to learn their fees for tax preparation are 100% deductible. According to Myles Haverluck tax preparation software, or if you use a CPA to prepare your taxes, the expense is deductible, including any electronic filing fees.

4. Capital Improvements

This is certainly a grey area, but Haverluck says certain improvements to the home can be fully deductible. However, if it’s time to sell your home, then begin pulling out all those receipts that show your expenditures paid for improvements. These deductions benefit you only when you sell.

a. Home Additions: these are the most obvious improvements like a new bathroom, bedroom, porch, a garage or even the installation of a satellite dish can be deducted.

b. Heating and A/C Systems: new or upgraded systems both qualify for tax deductions and central air systems, a fireplace or energy efficient upgrades often have additional tax credits.

c. Improvements for Disabled and Elderly: improvements that address accessibility and safety concerns are tax deductible. Exterior grading modifications that help improve access to a home for the elderly and disabled are deductible. Additionally, home improvements that both increase the value of the home and qualify as a medical requirement can still be deductible.

5. Un-reimbursed Employee Expenses: It’s a given that employees will incur some necessary expenses that are rarely reimbursed. These type of expenses are typically considered a personal investment by employers, yet many are tax deductible, as long as it’s appropriate and helpful to your career.

People overlook legitimate deductions every year, but here you’re reminded by Myles Haverluck tax planning that is proactive can lower your tax bill.

Tips On Trading Stocks

A lot of people are seeking ways to make quick money. While there are many money-making opportunities; most of them require substantial investment. Everyone is not blessed with adequate finances to invest a big amount. You may get away with the investment factor and still make a decent income with shares trading. Trading stocks allows you to make a remunerative living without investing too much. Also, the advent of the web has offered the comfort to trade shares right from your computer desk. However, you ought to get familiar with online trading tips before trying your hands in the share market.

Share trading tips

First of all, get familiar with the types of trading and critical illness insurance. You may want to get acquainted with day trading, positional trading as well as long term trading. Understanding these trading types will allow you to formulate your own strategy to trade shares in line with your particular preferences.

As the name indicates, day trading involves buying and selling shares on the same day. Such a trading involves high degree of risks, but the rewards are excellent. You could literally double your money in day trading; however, you run the risk of losing equal amount of money too.

Positional trading is less risky; you can hold positions for a bigger time frame from one day to one week or a month. Long term trading generates low profits, but the chances of loss are pretty less. No matter the form of trading, you should learn technical analysis and read important financial news that may impact your trading positions. On the basis of your trading type (day trading or positional trading), use financial charts and trading parameters such as relative strength index (RSI) and moving average convergence and divergence (MACD) to devise your trading strategy.

Next, join a reputed broker who offers a good trading platform. Since you will be trading shares on the net, you should make certain that the platform offered by the broker is convenient to you. Read reviews about reliable brokers, and choose an excellent one who charges minimum brokerage and provides a comfortable trading platform.

Now try trading shares in a demo account. Most of the brokers allow you to trade in a practice account. This gives you a good opportunity to test your trading strategy in real time without risking real money. If you find any flaws in your strategy, have them rectified for betterment. Once you gain sufficient experience in demo trading, fund your account and start trading. With the passage of time, you will be able to make a decent sum each month by trading shares.

Bottom line

Trading stocks is an excellent way to make a lucrative living without investing a big amount. However, you should learn the art of trading to ensure success in the financial market. If you lack info on trading in financial markets, follow the above tips. Get familiar with online trading tricks, and you could be on the path to making a remunerative income in the share market.

What Does $1,000 of Retirement Income Look Like?

It might seem like a strange statement, but it paints a picture that most people recognize nowadays.

What does $1,000 of retirement income look like?

To most people, $1,000 doesn’t seem like a lot. In fact, in most places around the United States, it barely covers one month’s worth of rent.

However, as a supplementary income, $1,000 is pretty handy to have around.

So, can you imagine if you got at least $1,000 a month in retirement income?

Yeah, lots of us do.

The $1,000 supplementary monthly income

Lots of people would love to have $1,000 in extra funds a month—and, yes, that goes for the wealthy, too, even with Autopac insurance. But, one thing that separates the wealthy from the modestly living is that they know how to diversify.

Diversify their finances, that is.

Diversifying finances is probably one of the biggest and should be easiest ways of gaining extra income well into retirement. The problem is that not enough people end up doing it. They just don’t know how. But, it’s actually pretty easy to get started.

In the next section, we’re going to take a look at three different income streams for those looking to diversify their portfolio for retirement.

Income streams for retirement

Income stream describes any source of usually supplementary income that produces some type of monetary income. If you had a side business, to provide an example, that would be one of your income streams, beside your main source of income and expenses such as vehicle insurance.

Dividend stocks

Dividend paying stocks are a popular income stream for generating some sort of supplementary retirement income.

Dividends are paid on a regular basis, usually quarterly, from a company (with stocks) to their shareholders. The profits or reserves from the aforementioned stocks are what typically get paid out.

Those who invest in three fairly popular stocks will get paid periodically throughout the year, usually in a way that ensures a retiree will get paid throughout most of the year. If you’re interested in dividends, there are plenty of resources out there to get started.

Preferred stocks

These stocks are a hybrid of traditional stocks and bonds. They’re best known for their income generating ability, since they have long term growth and trading range prospects that are relatively ‘muted’ in comparison to other options.

Although they don’t pay out as much as dividends, people who invest in these stocks do get a fairly decent return for their efforts. Much like with dividend stocks, there’s plenty of information out there to tell you how to get started with preferred stocks.

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How Different Personalities Reorganize Their Finances

People organize things in different ways. After all, no two people are alike. So, it shouldn’t be surprising that people organize their finances in different ways—and according to, interestingly enough, their personality type.

How different people organize their ‘different’ finances

It’s no secret that people organize their finances differently. But, we really don’t think about why that much.

In fact, lots of people don’t really think about the ‘whys’ of financial planning. Most people just do it. That’s probably why lots of people treat financial planning as a matter of ‘trial and error.’

So, let’s take a look at how different personality types approach financial planning.

Those who stockpile

People who stockpile, otherwise known as stockpilers, more or less hoard financial documents. Receipts from mortgage payments, bank statements, bills—you name it, they’ve probably stockpiled the last few years of them.

While keeping all of that important information a good practice, some financial experts say that it’s still important to ‘pick and choose’ what to keep. In other words, you shouldn’t stockpile too much. After all, what’s someone else’s stockpiling eventually becomes one person’s hoarding.

Those who procrastinate

Sure, it’s pretty easy to organize your finances, but why not take care of something like – you know – taking out the trash first. Or, heading out to dinner. Or, probably binge watching something on Netflix.

People who procrastinate more or less have the same mindset. And, while practically everyone procrastinate something, it’s not good to procrastinate finances.
People who have a tendency to put off finances until much later should, well, take care of that first. After all, why wait when it’s that important? This is why having a financial advisor would be a solid investment.

Those who want to perfect everything

Some people are so into their finances that everything has to be perfect.

Everything about their finances, in this case, is well organized. From the folders, to their files and even their online accounts are arranged in a way that’s easy for them to interpret.

Perfectionists are arguably the most organized financial planners, however even they need to dial back some of their planning mechanisms. Sometimes, exerting too much control over organizing something makes you look track of really keeping everything as organized as you want it to be.

Financial experts recommend financial planning perfectionists to keep track of their financial planning tasks – if they’re not already – and to only do as much as they can handle. Even if it’s not perfect, it’s good enough, after all.

Got something to say about the article? Leave a comment below if you do.

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Essential Qualities for Retirement Planning Today

Lots of people think it’s easy to plan for retirement. And, it’s actually as easy as it sounds. But, add in all of the difficulty with saving money for retirement nowadays, and planning for retirement is pretty much easier said than done.

Retirement planning, according to worrywart finance pundits, is trickier than it was in the past. Lots of people have to worry about more than just putting a little money away for a ‘rainy day,’ as they say. Besides saving money on their own, they also have to worry about what they can put away at their place of work, if they’re still working in the first place.

After all, lots of people expect to stop working at a certain age. But, today, lots of older people are working well into retirement—the ever-recovering economy will do that to you.

Still, it’s entirely possible to save for retirement when you still have to worry about living expenses.

The qualities of effective retirement planning

It takes a lot to be an effective planner. Try imagining that when you have to start saving retirement money, too.

Though, it’s not that hard to save money for retirement. Nor, is it that hard to plan effectively for retirement. You have to have the right ethics and willpower to ultimately create a good retirement plan.

So, you pretty much need:


Experts recommend being courageous when planning your retirement for a reason. You need to have confidence about making a commitment to your future. Part of that commitment is committing to actually creating a financial plan and committing yourself to that plan. That way, you can ensure you’ll have money for yourself – and your family – in the future.

Sure, it’s hard to commit to anything, but your future will be better for it.


Hand in hand with courage is perseverance. Courage gives you the gusto to continue doing what you’re doing—in this case, sticking with your retirement plan. That’s perseverance in a nutshell.

Even if it gets tough, you can count your desire to have a ‘cushier’ nest egg to keep you from taking money out of your retirement accounts, such as your 401k. Delegating certain expenses away from your retirement savings, such as living expenses, also prevents you from spending too much.

Got any more ‘essential’ traits of pursuing a retirement plan? Leave them in the comments below.

Achieve Financial Independence with the Help of a Financial Planner

There are lots of people that wish they had the ability to effectively manage their money to afford them better things in life. This might include purchasing a home or business, saving for future education, going on a vacation, or even planning for retirement. Financial planning, or wealth management involves the task of monitoring your finances so that you can obtain your goals while still handling the day to day expenses.

Consider a Financial Planner

Even though people attempt to manage their own personal finances, sometimes it can be a struggle to see past the current bills to create an effective plan for the future. A qualified financial planner on the other hand can assist you in making better financial decisions that will ultimately help you obtain your goals. A financial planner can assist you with setting financial goals, determining the current condition of your financial health, developing a plan of action to achieve your goals, and even monitor the progress.

Do You Need a Financial Planner

People often hear of expert services such as a financial advisor, but never consider the value of investing in such services. While it may not be the best decision for everyone, a financial advisor really is a great help for trying to get your finances in order. Even if you don’t use them on the regular basis, you can still consult with one when you need help in making a major decision such as buying a house or investing in stock.

Instances That Might Require a Financial Planner

No one is an expert in every area of their life. There may come a time when hiring a financial advisor is ideal to achieve wealth management. The best rule of thumb to keep in mind is if you’re not sure about a purchase, consult a professional. Other instances might include buying a home, investing in future education, buying stock, budgeting finances, opening a business, and anything else that has to do with finances.

Don’t underestimate the services of a financial planner. Their ability to assess finances and help individuals obtain their ultimate goals can be life changing. If you’re not sure if an advisor is right for you, at least consider a consultation where they can assess your finances and give advice on avenues to take for improvements.

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4 Things Every Financial Planner wants you to Know

A financial planner is necessary to help you with your finances. If you wish to retire with enough money or you wish to handle your money properly, then a financial planner is necessary. In order for you to succeed financially, there are a few things you should know. It is not just about investing.

If you wish to have enough money to purchase a brand new house or in your account for an emergency, you need to be cautious as to how much money you are spending. It is not difficult to save money; you just have to be smart about it. Below are four things every financial planner wants you to know.

Your Yearly Income

How much money do you make a year? This is important if you wish to have money in the long run. Your financial planner is going to need to know how much money you are making in a year. Knowing this will allow for you to save properly and pay off expenses as needed.

Your Future Outcome

What is your future going to be like financially? How much you make and how much you are spending can prelude how your future will pan out. Every financial planner is going to figure out how well you will do in the future based off of a few factors, such as income and expenses. For wealth management, you need to be able to have a steady profit each year.

What Your Expenses Are Like

How many expenses do you have? Every financial planner is going to need to know what kind of expenses you are paying. While it may not seem like a big deal now, in order for you to do well in the future, you are going to need to pay off your expenses as well as you can.

Are You In Debt?

In order for you to retire on time, you are going to need to manage your debt. Dealing with wealth management, your financial planner will likely figure out the best way for you to pay off your expenses and save for retirement.

Overall, there are several things your financial planner wants you to know. In order for you to be ready to retire on time and for you to pay off necessary expenses, you need to plan ahead. Call an expert today.

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