Financial Tip of the Week: Managing Your Financial Health

San Diego Entertainer’s own financial expert, Steve Sexton, provides the Channel 6 San Diego Living show with financial tips throughout the month. We are thankful to be able to share his financial expertise with our readers as well.

Today’s topic – taxes. We either dread this time of the year or enthusiastically file our taxes in hopes of a generous tax return, or just a tax return for that matter. Whichever side you are on it is important to review your taxes early to eliminate any unpleasant surprises. Most people wait until it is too late in the year to really manage their financial health when it comes to taxes, when in fact the best time to check up on your tax situation are during the last two months (November & December) of the year.

When that time approaches, it is critical to meet with your CPA and Financial Advisor to review key issues. All situations vary, as we all do not invest in the same thing. For those who invest in real estate, deductions may vary. If you invest in stocks and mutual funds, you need to review your losses and gains, and discuss strategies to address possible taxes. For business owners, make sure to create a complete list of questions to ask your CPA and Financial Advisor, questions such as: what is the projected profit? I have yearly bonuses, is 12/31 or 1/01 better? Whatever it is you invest in make sure you ask the right questions.

Steve Sexton is a financial expert who personalizes each individual’s financial plan on their unique circumstances and goals. He has over 15 years experience in the financial services industry and holds multiple licenses and designations including being a Better Business Bureau member and a National Ethics Bureau Member.

If you would like to learn more about the financial planning provided by Sexton Advisory Group, securing your financial wealth and freedom, planning for your retirement or to reserve a spot in one of Sexton’s free financial workshops you can visit www.sextonadvisorygroup.com. Or you can reach the Sexton Advisory Group by contacting Steve Sexton at [email protected] or by calling 951-695-8810.

Don’t forget to watch Steve Sexton on the Channel 6 San Diego Living on Tuesdays for more financial tips.