And if you find you’re on the borderline between taking the standard deduction and itemizing, shifting some deductible expenses to the current year could make itemizing more beneficial, notes Joseph Conroy, a certified financial planner at Synergy Financial Group in Towson, Md. “For instance, making extra mortgage payments prior to the end of the year would entitle […]
“Consider drawing out trips and traveling slower,” says Joseph Conroy, a certified financial planner and financial consultant at Synergy Financial Group in Towson, Maryland. “Take more time in each city and try to live like a local.” You’ll save on food costs and might be able to reduce the price of lodging. Also, try combining […]
“Taxpayers with an outstanding home equity loan should consider paying it off since interest payments can be costly, and there may no longer be any tax benefits available to offset it,” says Joseph Conroy, a certified financial planner at Synergy Financial Group, based in Towson, Md.
Many college students fall into this category, says Joe Conroy, certified financial planner and author of “Decades & Decisions: Financial Planning at Any Age.” And if much of your income gets spent on books, tuition and a meal plan, chances are Black Friday and Cyber Monday discounts are key to your holiday shopping plans.
Adjust your withholdings. If you haven’t taken this important step yet, you should, says Joseph Conroy, a certified financial planner and financial advisor at Synergy Financial Group in Towson, Maryland. “The TCJA made sweeping changes that directly impact tax liabilities,” Conroy says. “These changes include the elimination of the personal exemption, a higher amount of […]
When clients approach financial advisors, they typically have two things on their mind. The first is saving money and the second is investing money, watching it grow along the way. It’s hard not to be excited by this. Who doesn’t want to watch their money multiply? As financial advisors, however, it’s not just about giving […]
How A Fiduciary Can Better Prepare Pre-Retirees To Avoid That “What’s Missing” Feeling In Retirement
Joseph Conroy of the Synergy Financial Group in Towson, Maryland, says, “The best way to prepare for what to do in retirement is by sitting down and taking inventory of your life. What types of activities do you like to do when you aren’t working? What are the things you would like to do that […]
Each era of adulthood requires a different approach to investing. For example, financial planning that works for adults in their 50s won’t work as well for 30-year-olds. Young people in their 20s are a completely different era than 50-year-olds or even 30-year-olds. People in their 20s are normally beginning the pathway to their financial foothold. […]
Joseph Conroy, a Certified Financial Planner at Synergy Financial Group and author of the financial planning book: Decades & Decisions joins Enterprise Radio.
“Retirement can be very similar to a sugar rush,” says Joseph Conroy of the Synergy Financial Group in Towson, Maryland. “In the beginning people are very excited and there is a sense of euphoria. Then, after just a few months, there is this crash where people start to settle into their new routines. This can […]
While branches of banks and credit unions look the same from the outside, there are some fundamental differences.
Participants sometimes also complain if they are not offered mobile applications to access their accounts, says Joseph Conroy, a financial planner with Synergy Financial Group in Towson, Maryland. “Complaints about technology absolutely have merit,” he says. “Today’s participants want to enroll, access and rebalance their accounts from their smartphones. While they are willing to use […]