Mitlin Financial Inc®

At @MitlinFinancial, we aim to help you find JOY in the journey while planning for your ideal tomorrow Drink the coffee ☕️ Take the trip ✈️ Buy the books 📚 Go to the game 🏒 Just PLAN for it 🖊️

Having a written financial plan will provide guidelines for keeping you on track as you pursue your goals. 💡And research shows that writing down your goals improves the brain’s encoding process.

Line 24 is your real tax bill. Don’t just file and forget it. Ask: What’s changing next year? What can I do now? Start planning right after you file, not in December. Avoid tipping the IRS enJOY smarter tax moves

Do I have to pay taxes on Social Security? Your benefit may be taxed as ordinary income at your regular tax rate, depending on your income from other sources. The gov't will tabulate that income and decide the portion of your benefit that will be taxed.

Three Tax-Advantaged Donation Strategies to Consider 1️⃣ Create a donor-advised fund (DAF) 2️⃣ Use a qualified charitable distribution (QCD) from your individual retirement account (IRA) 3️⃣ Donate valuable assets that aren’t cash

Areas of Focus for End-of-Year Tax Planning ⚖️Tax-Loss Harvesting and Rebalancing 💌 Charitable Giving 🧾 Establish and Contribute to Retirement Accounts 🗜️ Roth Conversions

Do you have unclaimed funds❓ Have you checked recently❓ It’s quick and simply find out if you are entitled to money.

Does your employer offer a Health Savings Account (HSA)? It’s often a great why to pay medical expenses with pretax money 🩺

How many years do you plan to continue working before you retire❓ What do you want your life to look like before you retire❓ After you retire❓

Well said; such an enJOYable experience Planning to see the @TheSavBananas for the 3rd time This time at Yankee Staduim

Proof that financial planning is not complicated lies in the brief but powerful mantra “Pay yourself first” 📌 Following this one simple strategy can improve your financial well-being

You can grab a download with the key points here —> mitlinfinancial.com/insights/blog/…

What is your “why”—in other words, why are you working so hard❓ What do you hope to accomplish❓ What does your ideal life look like, now and once you retire❓

If you have children who are in junior high school, to what extent have you discussed with them, your expectations for their college education?

No two financial plans are alike. Your plan needs to be tailored to your unique situation, needs, goals, and vision excerpt from📗 Financial Planning Made Personal

I encourage you to start thinking about retirement in terms of your ideal life Yes, the numbers are important, but money is only the means to the end 🚀Once you know what you want your life to be like, you can start proactively planning about how to get there.

⭐ It’s easy to see why financial planning intimidates many people—a lot of advisors focus on the dollars and cents When they talk about retirement, they boil it down to “Here’s how much you will need” But personal financial planning is about much more than just the money.

Inherited IRA rules just got tougher…. No more stretch. You’ve got 10 years. And if RMDs started? You must keep taking them. This is what the SECURE Act changed And it’s costing families who don’t plan ahead Don’t let the IRS write your next chapter

Retirement taxes aren’t simple You go from one W-2 to... Managing income from Social Security, IRAs, pensions, Medicare and every move affects your bill Skip the overwhelm Start with a 1-page plan Clarity now means fewer regrets later