How Will You Pay for Long-Term Care in the Future?

How Will You Pay for Long-Term Care in the Future? Barnett Financial & Tax

Even though you’re a long time away from needing long-term care, now is the time to plan. An estimated 70% of Americans currently age 65 will need long-term care at some point, and costs can be staggering.[1] If you have a 70% chance of needing long-term care, you should think about how you would like…

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How to Change Your Habits

How to Change Your Habits Barnett Financial and Tax

We’ve all heard the saying, “you can’t teach an old dog new tricks,” but is it true? Maybe it is for dogs, but not for people. You can always learn new habits, no matter what age you are. It starts with understanding how the brain works and building on success. You can go from seeing…

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3 Things About Your Taxes That May Have Changed

3 Things About Your Taxes That May Have Changed Barnett Financial and Tax

Here come the holidays and everything that goes with them – traveling, cooking, buying gifts, and of course, spending time with the people we love. Even though it’s a busy time of year when finances can end up taking a back seat to decorating and wrapping presents, it’s important to take the time to review…

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Tips to Survive Thanksgiving 2021

Tips to Survive Thanksgiving 2021 Barnett Financial and Tax

Thanksgiving is a day typically filled with gratitude, joy, and – most importantly – eating! Despite so much change since the pandemic, the act of devouring a great meal for Thanksgiving dinner has remained true through it all. While most of us look forward to sitting down for that illustrious meal, Turkey Day includes so…

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Estate Planning 101

Estate Planning 101 Barnett Financial and Tax

Did you know that Baby Boomers will pass down an estimated $68 trillion in wealth in the coming decades?[1] You’ve worked hard for your money and likely want to see it passed down in the most efficient way possible for your loved one’s benefit. Unfortunately, costly mistakes are all too easy to make. Understand the…

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Is Any of Your Stuff Valuable?

Is Any of Your Stuff Valuable? Barnett Financial & Tax

If you’ve lived somewhere for years, you’ve probably accumulated a lot of possessions. Maybe you’re running out of space, or you’re embracing the “spark joy” minimalist movement. Either way, having less clutter in your living space and better organization can help make a world of difference. If you’re looking to declutter, you might look into…

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What is a Roth Conversion and Should You Do It?

What is a Roth Conversion and Should You Do It? Barnett Financial and Tax

When you think of your major expenses, you might think of housing, healthcare, travel, or something else. But have you considered that taxes could be your biggest expense, even in retirement? There could be ways to reduce your tax burden today and tomorrow, including a Roth IRA conversion. What is Roth IRA vs. a Traditional…

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New Activities to Pick Up in Your Retirement

New Activities to Pick Up in Your Retirement Barnett Financial and Tax

When you finally leave the workforce, there are so many exciting aspects of your life to look forward to. During the shift from the workforce into retirement, you may find yourself with more time on your hands than you had anticipated. If you do find yourself with some extra time to kill, here are a…

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