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So far info@northlightfinancialservices.com has created 306 blog entries.

Ways to Repair Your Credit Score

Ways to Repair Your Credit Score Steps to get your credit rating back toward 720.   We all know the value of a good credit score. We all try to maintain one. Sometimes, though, life throws us a financial curveball and that score declines. What steps can we take to repair it?  Reduce your credit utilization ratio. Your credit utilization ratio (CUR) is the percentage of a credit card’s debt limit you have used up. Simply stated, if you have a [...]

By |2019-12-04T11:13:32-05:00December 4th, 2019|Personal Finance|Comments Off on Ways to Repair Your Credit Score

Cybersecurity

Cybersecurity Protecting yourself from potential calamity. Cybercrime affects both large corporations and private individuals. You’ve likely read about the large data breaches in the business world. These crimes are both expensive and on the rise. The U.S. Identity Theft Resource Center says that these corporate data breaches reached a peak of 1,632 in 2017. The response to the growing need for data protection has been swift and powerful; venture capitalists have invested $5.3 billion into cybersecurity firms.1 That’s good news for [...]

By |2019-11-21T14:07:08-05:00November 21st, 2019|Cybersecurity, Personal Finance|Comments Off on Cybersecurity

Annual Financial To-Do List

Annual Financial To-Do List Things you can do for your future as the year unfolds.  What financial, business, or life priorities do you need to address for the coming year? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to managing your taxes. You have plenty of choices. Here are a few ideas to consider:   Can you contribute more to your retirement plans this [...]

By |2019-11-05T11:03:39-05:00November 5th, 2019|end of year money moves, Financial Fitness|Comments Off on Annual Financial To-Do List

Inventorying Your Possessions

Inventorying Your Possessions It is helpful for insurance purposes.  It’s great to have insurance against damage and loss, but if you can’t show proof of your possessions, it may result in a protracted settlement process with your insurance company.1 Four Tips for Creating an Inventory. Creating an inventory may take a bit of upfront work, but it can pay future benefits in smoothing the claims settlement process with your insurer as well as increase the potential of receiving the maximum [...]

By |2019-11-05T10:56:48-05:00October 22nd, 2019|Financial Fitness|Comments Off on Inventorying Your Possessions

The First RMD from Your IRA

That First RMD from Your IRA What you need to know.  When you reach age 70½, the Internal Revenue Service instructs you to start making withdrawals from your traditional IRA(s). These withdrawals are also called Required Minimum Distributions (RMDs). You will make them, annually, from now on.1 If you fail to take your annual RMD or take out less than the required amount, the I.R.S. will notice. You will not only owe income taxes on the amount not withdrawn, you [...]

By |2019-10-16T13:13:32-04:00October 8th, 2019|IRA, Retirement|Comments Off on The First RMD from Your IRA
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