Stonegate Capital Advisors Reveal Top Tax Refund Investment Advice

Tax refund investment tips by Stonegate Capital Advisors

Jameson Van Houten is one of the leading Scottsdale financial planners found within Arizona, and offers advice for those who decided to save their tax refund this year. In fact, this Scottsdale financial planner reveals that there are some great ways to invest this money that could potentially be life-changing.

It’s important to ask oneself what a large chunk of money like a tax return could help accomplish, but there are some easy ways to invest the money without simply sticking it a savings account that doesn’t yield much interest. One suggestion that Jameson Van Houten knows will return more money for the investment is by placing it into a workplace-sponsored retirement account. This is an especially good option for those out there with employers that have matching programs in place, since it will add even more money to the account this year.

Another option Jameson Van Houten shares that is a smart move for investing a refund is funding an IRA. For those who don’t know, the maximum contribution each year is $5,500 (Roth and traditional for those under 50) or $6500 for those over that age. With the amount of some people’s tax refunds, their return might be enough to fund a retirement account for the entire year without having to think about it again until 2016.

Last but not least, consider adding some home upgrades that will save money as well with your return. Certain improvements might even part of the Energy Efficient Property Credit, which gives a tax credit of up to $500, and will be in place until the end of next year, perfect for those who still need some time to plan. For those who already spent 2015’s refund—perhaps the other go-to financial principles from Scottsdale financial planners could apply to next year’s return as well.

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Jameson Van Houten Shares Essential Financial Tips for Young Adults

Financial expert Jameson Van Houten shares why it is important for young people to make strong financial decisions and how they can start in 2015.

Financial expert Jameson Van Houten shares why it is important for young people to make strong financial decisions and how they can start in 2015.

Financial security is important for all individuals, regardless of their age, status, or lifestyle. Jameson Van Houten believes that financial security can lift the weight off of an individual’s shoulders, and makes it easier for them to enjoy their lives without the stress of financial hardships. In order to enjoy this carefree feeling that smart financial decisions can present, it is important that individuals begin planning early on in life, and make smart decisions to ensure that they will be financially sound down the road. Young people especially must realize the importance of this planning, and so Jameson Van Houten would like to share some tips to help them start preparing their financial future now.

  1. Understand the value of money: Before making large, spur of the moment purchases, it is important that young individuals realize how much that money really means to them. They must understand how many hours will need to be worked before they earn that amount again, and where that money could be better spent. If the money can be of more benefit spent in a different way, those options need to be considered. This is an especially important lesson for young people says Jameson Van Houten, and learning it early will help them make better decisions when they have other financial responsibilities.
  2. Start retirement plans early: Though not every job will offer benefits like a 401(k) plan, some might. Individuals who have a position that offers them these benefits should be sure to take advantage of them says Jameson Van Houten. Those who do not have a 401(k) option can still begin planning, and can invest part of their paycheck into an IRA. The earlier that an individual starts, the easier it will be to save up for retirement and have a sizable fund. A few years can make all the difference.
  3. Be smart about credit: It can be very appealing to young adults who have begun receiving offers for their first credit cards as they see it as an opportunity to get the things that they want now without having to work long hours to get them. However, many do not realize just how hard paying back all those cards can be, and they may find themselves in crippling debt before they realize it. Credit cards should be used sparingly and responsibly says Jameson Van Houten, and individuals should also limit the number of cards that they are using to avoid losing track of these finances. It is also important that these individuals do not focus exclusively on using credit cards for large purchases and instead save up to meet these goals.

Making smart financial decisions early in life is essential to secure a future without financial stress, and it is never too early to start making these kinds of decisions. Jameson Van Houten believes that with the right planning, everyone can enjoy a prosperous financial future.  For more information visit http://stonegateprivateclient.com/

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Jameson Van Houten Offers Tips for Saving for College

Various currencies representing college students from across the globe

Tips to help students save money and avoid heavy college debt in 2015 shared by Jameson Van Houten.

A college education is often one of the biggest expenses that an individual will incur in their lifetime. Because of this, many college students end their academic career with a mountain of student loan debt. While they may be unable to avoid the costs of things like tuition, Jameson Van Houten believes that many college students are incurring extra costs during their education that in the long run could put them further into debt. To help individuals lower the costs of college attendance and to help young people get a head start on smart financial decision making, Jameson Van Houten provides tips to help college students save.

  1. Be smart about commuting: A car is a college student’s best friend until they realize how much it is to maintain the vehicle on top of parking costs and other additional expenses. When students begin college, they should consider some of the alternate modes of transportation available to them as well before they pay for the parking pass. Biking and carpooling are options for these students, but they should also see if their school offers things like reduced passes for the bus or inter campus shuttles to save on the cost of transportation.
  2. Be smart about school supplies: Jameson Van Houten knows that one of the biggest college expenses is textbooks. Buying these new through a university can be very expensive and add up fast. Many students can save on these expenses by shopping online through sites like Amazon, and buying their books used. Taking the time to compare prices for different sites as opposed to the school price can show students what their best choices are. Shopping sales for school supplies and signing up for special student discounts can also help students save.
  3. Save on dining: Another cost that adds up fast for students is dining costs, especially when they live on campus. However, this is another cost that can be cut down. Some dorms or student housing have full kitchens that make it easy for students to cook their own meals rather than pay for an on campus meal plan. Even if they do not have these options available to them, students can pack snacks or meals to eat during the day. Look for student lounges that have microwaves or fridges as well to make it easy to avoid eating out while on campus.

Starting adult life off with debt is hard and can hold an individual back for a long time. Saving money during college on small things can help students lessen their expenses and their debt. Jameson Van Houten believes that starting early to ensure financial security is essential and hopes that college students take this advice and make smart financial decisions.

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Tips for Financial Security Provided by Jameson Van Houten

Financial Planning

Money is a necessity, and something that can provide security for you and your loved ones. However, money can also be abused, and when people do not understand the value of money, it can bring them a lot of trouble and prevent them from having the security that they need. Jameson Van Houten believes that everyone should be smart about the way that they handle their money. To help individuals young and old be smart about their money matters, Jameson Van Houten shares these financial tips.

  1. Spend time learning: You should always stay up to date and knowledgeable on the best ways to spend and save your money. Jameson Van Houten believes that it is important that each individual knows all they can about their financial planning, and that they continue to add to their knowledge base. Even if they only learn a little at a time, it can help them make sound financial decisions.
  2. Treat saving as a necessity: Many individuals live paycheck to paycheck, paying their bills and then spending the rest of their money on whatever they want until their next payday. This mentality neglects saving which is vital to future financial security. Van Houten believes that savings should be treated as any other expense, and the same amount should be taken from each and every paycheck.
  3. Always have an emergency fund: Many people have a generic savings account that they use for everything. Jameson Van Houten knows that the problem with this kind of plan is that when an emergency comes up, you may have to dip into your savings that had a different designation. By, not separating savings, you may also be draining emergency money for other purchases. Always have an emergency fund that is only for that purpose so that you are always prepared.
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Tax Rules for Gifts Shared by Jameson Van Houten

Jameson Van Houten reveals essential information to prepare for tax season.

Be ready for tax season with tips from Jameson Van Houten.

When tax season rolls around, Jameson Van Houten knows that it is essential that individuals know plenty of information to help them through the more difficult parts of the tax process. One thing that helps individuals each year when they do their taxes is knowledge of how charitable giving and gifting to family and friends affects their taxes. Jameson Van Houten, as a leading financial expert, wants to share important information for those who want to get a head start on their taxes this year.

When it comes to financial gift giving, it is important to know what does and does not count as a tax free gift. A tax free gift is one that can be given without the giver having to pay tax on it. Each year, an individual can give gifts of up to $14,000 that are not taxes, and couples can give twice that amount. Jameson Van Houten would also like to point out that a number of different kinds of gifts that qualify within this tax free limit. If, for example, you pay for education necessities for another individual, such as tuition or books, that may fall under tax free gifts. Paying for medical expenses may also qualify, however, not every expense will qualify as part of the tax free gift, so be sure to do your research to see which do and do not apply. Gifting to a trust may also qualify as a tax free gift if made directly to the trust says Jameson Van Houten.

Another thing that individuals should be aware of when they are getting ready to do taxes is how charitable giving applies to their taxes. Charitable monetary gifts may be deductible if they are made by the end of 2014. However, receipts should always be kept as record. Additionally, donated items like furniture, clothing, and household items can be deducted as well. However, in order to use these deductions, individuals must keep itemized lists of their donations, and must also keep track of the value of each item. Jameson Van Houten knows that keeping in mind this information will help you use these rules to your best advantage and ensure that taxes in 2015 are a breeze. Start planning now to get a head start and file well before the April 15th deadline!

 

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Jameson Van Houten Reveals Two Great Financial Planning Tips

How to build success for the future through financial planning.

Jameson Van Houten reveals two key tips for effective financial planning.

Jameson Van Houten of the Stonegate Capital Advisors knows that it is never too late to start learning and implementing good financial planning habits. Though it is recommended that individuals start planning for the future as soon as possible, there are many things that people can do today that will lead to a brighter tomorrow.

1. Maximize your benefits.
If your employer offers a 401(k) savings plan, you’re lucky! Consider taking full advantage of this by maximizing the amount of money that is placed into this account. Many employers will even match what you put into your savings, making it an even better resource for retirement funds.

2. Keep some cash reserves on hand and build them up.
Ideally, the financial planners at Stonegate Capital Advisors share that individuals should try to have three to six months of their normal income saved up in a rainy-day fund. This can really come in handy if unexpected expenses pop up, or if a person loses their job, etc. This money can be saved as cash, so that it is liquid and does not accrue any penalties.

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How to Prioritize Debt from Jameson Van Houten

Jameson Van Houten knows that being in debt can be a truly scary experience. Oftentimes, individuals feel as it they will never be debt-free. With so much debt, many feel a crippling sense of hopelessness and feel like they will never have a way out. However, the first step that anyone in debt needs to take is to prioritize their debts in order to achieve financial freedom in the future.

Getting out of debt is not an easy process. It takes dedication, time and diligence. When assessing one’s debts, it’s important to first and foremost prioritize your debts. Many people think that they need to pay off bigger debts first, but Jameson Van Houten of Stonegate Capital Advisors urges people to consider paying off their smaller debts first.

Prioritizing debts with Jameson Van Houten

Jameson Van Houten shares information on how to prioritize debt.

The reason for adopting this strategy is as follows: Instead of doing payment after payment for a large debt while neglecting smaller debts, you put yourself in an even worse position. If you pay off your smaller debts first, you can then apply the amount that you were paying to that smaller debt to your much larger debt in order to pay it off faster.

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Jameson Van Houten Reveals Top Budgeting Tips for Fall 2014

It’s not too late to create and implement a budget for the rest of the year! The financial planners at Stonegate Capital Advisors, including Jameson Van Houten are sharing information about how to create a budget that will help you to achieve your goals for the rest of the year! Whether it is a getaway, a present for a loved one or a whole host of reasons, saving now is sure to pay off in the long run! SFG is located in Scottsdale, Arizona, and services those in the greater Phoenix Valley, providing them with tax and wealth management solutions for high-income clients, though these tips can work and help just about anyone!

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Jameson Van Houten Shares an Important Financial Tip for Retirement

Jameson Van Houten knows that it can be stressful to start thinking about retirement and how much money you will need saved up for this important time in your life. People need to start saving money as early as they can to ensure that they will have a nice and comfortable retirement ahead of them. One way to make sure that this happens is to put a plan in place when you are in your early 20s. The best way to do this is by focusing on your debt before thinking about retirement or other accounts.

Many young adults in their 20s have likely graduated from college and may have a pile of debt that they have collected by taking out different loans from the bank. This can be stressful to think about paying back all your loans, as well as worrying about saving for retirement that won’t happen for another several decades. However, the ideal way to tackle this situation is to approach it one step at a time.

Instead of trying to focus on getting rid of your debt and saving a good portion of money at the same time, Jameson Van Houten recommends that people focus on paying back all the debt first. Once you get this out of the way, you will have more money to invest into retirement and into other savings accounts as well. If you are focused on too many expenses and savings accounts all at once, it can be overwhelming and may not be beneficial at all.

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