Pacific Financial Management

What are your financial resolutions this year? We can assist you in planning for the new year to improve your financial health and security. Call us to book an appointment! (818) 304-2891 https://www.pacificfinancialmgmt.com

Do you know your net worth? Assets - liabilities = net worth Is that number lower than you thought it would be? Don't be discouraged! It's never too late to start setting goals for the future!... Don’t be disheartened by where you are today, says Brownstein. Taking that first step is so important for just figuring out where you stand. I think sometimes we put it off because we’re worried about what that number tells us. But pushing it off only makes it harder to do it later. https://www.cnbc.com/select/how-to-calculate-net-worth/

If your income went up this year, or you just generally want to help reduce your tax liability in 2020, consider increasing your contribution to a 401(k) or any other pre-tax retirement accounts offered through your workplace. On the other end of the spectrum, if you took a hardship withdrawal loan, you will have to account for that on your taxes over 3 years, but not pay penalties. You also have those 3 years to return the money to the account, so if your situation stabilizes, as it has for 17% of the people Bankrate.com surveyed, you can have a do-over. If you have questions about this or to learn more about our services please call us! (818) 304-2891 | (818) 255 -6112

Wishing you a Merry Christmas Eve from the PFMI team!

Announcing our brand new website! We have exciting things planned for 2021 that will help bring solutions and better financial control to individuals and small businesses. Stay tuned! http://www.pacificfinancialmgmt.com

Even as young as 18, getting a credit card can be a positive experience and helps to establish and build good credit. But beware of pitfalls! Here are some credit tips to help with obtaining and managing a credit card that everyone can learn from. https://www.cnbc.com/select/credit-tips-for-college-kids/

Thought it was too late to apply for a PPP loan? You now have until August 8th! https://www.usatoday.com//coronavirus-senate-e/5353201002/

Just two weeks away - don't forget to file your taxes! https://www.usatoday.com//irs-july-15-filing-d/3283353001/

Thanksgiving dinner for under $50? Okay!

We love a good deal!

Here are some things to look out for when saving money.