Blog
Tim Wolfe’s First Key To Building Wealth
Not only are we entering into the thick of tax season, but based on our political situation, we could be staring at another federal government shutdown on Friday.Which means, well ... I don't know exactly what it will mean except that God bless you if you are trying...
Tim Wolfe’s Three Simple Steps For Better Information Security Management
Well, the Super Bowl is over. And for many it was a snoozer? The snarky tweets were in full force, and there were many sad bettors who might want to check this out (unless, of course, they just want to let us handle it for them, which is always wise).Even the...
Three Reasons Why NW Chicago Taxpayers Should File Taxes Early
As of this writing, the federal government is STILL in its partial shutdown.And 800,000+ people are affected -- including a whole slew of IRS workers who have been called in, regardless of paychecks, because come Trump or high water: tax filing will indeed begin on...
Understanding Your NW Chicago Airbnb And Taxes
As of this writing, the federal government is still in a "partial shutdown", and things are starting to fray around the edges, even for those whose paychecks aren't being affected. Already, it's the longest in history.Which, for a media starving for any kind of...
Why American’s aren’t saving money beyond their 401k/403b
Recently I was reading an article discussing why American's aren't saving money beyond their 401k/403b (assuming participation in these plans). The fact is American's not only aren't paying themselves first they are actually paying others first. Take, for example,...
Building Your Financial Strategy
There are 3 phases of the money cycle which should be the basis of your financial plan. The results of your long-term strategy should be to have built a foundation of assets that will provide income in your retirement years that will allow you to enjoy the life you...
Delayed Gratification: Staying Focused to Get Ahead (Later) in NW Chicago
For sports fans, that was quite a run last week. The NHL crowned its champion (and the nation's capital seemed like it was one massive street party for the weekend), the rest of the NBA conceded to the Golden State Warriors, and we witnessed another Triple Crown in...
Focus Training For Folks In NW Chicago
Now that we're into June, it really does feel like summer is here. The air conditioning kicks in, the days are hotter ... and, if you're like me, "focus" becomes something I have to set myself towards. It doesn't just "happen" -- especially when the days are hot. It...
Instilling Financial Literacy For Kids In NW Chicago
Memorial Day weekend can often feel a little disjointed. There we are with our burgers, our pools, our picnics -- all while we are supposedly remembering the sacrifice of so many thousands who laid down their lives in the line of duty for this country, and for the...
How To Manage Money For NW Chicago Millennials
I'll tell you what... The month of May is beginning to look a lot like December. Definitely not because it's cold out there, but with so much "end of school year" stuff happening these days, from graduation parties (ranging from pre-k "graduations" all the way up...
Timothy Wolfe’s Three Tips For Resisting Financial Process Automation
Did you see Google's demonstration of their new virtual assistant technology, Duplex, last week? If you did, like me, probably you were both amazed ... and a little bit terrified of the implications. Essentially, Google is close to figuring out how to make it so that...
A 12-Point Financial Health Check For NW Chicago Families And Individuals
We are now fully engaged in our tax "off season" here in NW Chicago. But interestingly, this is where the real difference that we can make on behalf of our tax preparation clients is actually made. We're diving into the new tax legislation, and attending classes...