Why is Tax Planning Important?

Posted by Andy Anderson, CFP® on 9:00 AM on February 18, 2021

Financial planning is a huge part of what we do here at Creekmur Wealth Advisors, so it's no surprise that tax planning is one area we spend a lot of time working in. When I talk about tax planning I am not talking about filling out and submitting your tax return every April 15th. Filing your taxes is necessary, but it's reactive or backward-looking. Tax planning, on the other hand, is a forward-looking, comprehensive approach to reducing lifetime taxes and increasing overall after-tax wealth.

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Topics: Financial Planning, Taxes in Retirment, taxes

True Wealth Values: Be Open to Wise Counselors

Posted by John Creekmur, MBA, CFP® on 9:00 AM on February 17, 2021
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Topics: Build Wealth, Build True Wealth, From John's Desk

Tax 101: IRA & Roth IRA Basics

Posted by Creekmur Wealth Advisors on 9:00 AM on February 11, 2021

The topic of IRA's & Roth IRA's can certainly be confusing! But these investment tools are valuable in helping to set you up for the retirement that you envision. 

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Topics: IRA, Roth IRA, Roth IRAs

Tax 101 - How to Prepare for Tax Season

Posted by Creekmur Staff on 9:00 AM on February 8, 2021

Ready or not - here it comes! Tax filing can be confusing and stressful. Here's a few things you can do to make this process a little smoother.   

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Topics: Tax withholding, taxes, Tax Forms

True Wealth Values - Know What's Important to You!

Posted by John Creekmur, MBA, CFP® on 9:00 AM on February 3, 2021

Over the years I often receive questions from people who want my “great insight” about investing and financial matters. When someone finds out that I work in wealth management, they usually ask for my best “hot tip” – and to that I want to reply,

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Topics: Build True Wealth, Investing, From John's Desk

Tax 101: Basics of Form 1099

Posted by Creekmur Staff on 4:00 PM on February 1, 2021

As tax time rolls around each year we all start getting the necessary documents for proper filing of our taxes. You're not alone if you find all of these important forms a little confusing! Besides the W-2 which is used to report wages, form 1099 is widely used for a variety of purposes. Here are the basics you need to know about this multi-functional form.

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Topics: taxes, Form 1099, Tax Forms

What is a "Back-door" Roth IRA?

Posted by Creekmur Staff on 9:15 AM on January 28, 2021

There are a number of reasons why a Roth IRA is a smart way to invest for retirement. For most investors, tax benefits rank #1 in their reasoning for investing in a Roth IRA. 

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Topics: Roth Conversions, Roth IRA, Roth IRAs

Do Our Biases Affect Our Financial Choices?

Posted by Creekmur Wealth Advisors on 9:15 AM on January 21, 2021

Even the most seasoned investors are prone to their influence.

Investors are routinely warned about allowing their emotions to influence their decisions. However, they are less routinely cautioned about their preconceptions and biases that may color their financial choices.

In a battle between the facts & biases, our biases may win. If we acknowledge this tendency, we may be able to avoid some unexamined choices when it comes to personal finance. It may actually "pay" to recognize blind spots and biases with investing. Here are some common examples of bias creeping into our financial lives.

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Topics: Financial Planning, long term objectives, Retirement

How to Enjoy the Journey

Posted by John Creekmur, MBA, CFP® on 2:26 PM on January 20, 2021
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Topics: Build Wealth, Build True Wealth, From John's Desk

Why should I set goals?

Posted by Andy Anderson, CFP® on 9:00 AM on January 14, 2021

“Do I have enough?” This is a question we hear all the time during our meetings with clients and prospective clients. While this question is often asked about retirement, we have heard it posed about countless other objectives clients are dreaming of and working towards:

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Topics: Financial Planning, Goals

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