If you have an existing estate plan, now might be a good time to seek the advice of a financial specialist to get the real data of how recent tax legislation could impact your future plans. Then consult an estate planning specialist to determine whether any ‘improvements’ to an existing estate plan might be beneficial given the recent legislation.
Another resolution for the coming year might be to ‘clean up’ your credit. We know that when planning a large purchase using credit, it is wise to know what your credit score is. But do you fully understand the actual components of that mysterious FICO score?
An article in Investopedia titled: “The 5 Biggest Factors That Affect Your Credit” by Amy Fontinelle (Investopedia, Nov. 20, 2017) might unlock some of the mystery. The article mentions ‘credit utilization ratio’ and the difference between making a ‘hard inquiry’ vs. a ‘soft inquiry’.
Another recommendation is to start working on improving your credit score BEFORE that major purchase in order to get the most beneficial interest/lending rate.
Lastly….In 2018, I plan to be:
“Working to Preserve Your Wealth and Protect Your Future…in a Constantly Changing World”
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