Taylor’d Finance Blog
Welcome to my blog! I’m Taylor Ledbetter, a Paraplanner and Wealth Advisor at Jessup Wealth Management. I joined the team in July 2020 as a financial planning intern. By 2021, I graduated from Wright State University with double Bachelor’s Degrees in Financial Services and Accounting and an Associate’s Degree in Business Administration from Sinclair Community College.
This blog aims to dissect relevant financial planning topics and educate readers. I put a lot of thought into providing insights and strategies to help you enhance your financial lives. Whether you’re looking to optimize your investments, plan for retirement, or manage your budgets, I’m here to guide you toward achieving your financial goals.
The IRS operates on a “pay-as-you-go” system, not just an April deadline. They expect taxes to be paid throughout the year as income is earned, not in one lump sum at tax time. If you underpay in certain quarters, underpayment penalties can kick in, even if your total tax bill is eventually paid in full.
This blog post will be the final part of my series on preparing for a successful retirement. I want to focus on common mistakes that I see people make, whether they are in their working years or retirement years. So far, I have covered how to plan for retirement income needs and how to minimize taxes.
If you are close to retirement, you probably have a million questions racing through your brain. You have saved for years and diligently planned for this moment but are wondering how all the pieces to the puzzle come together. At this stage in life, you most likely know how much income you need in retirement to cover your monthly expenses.
How much money do I need to save up to retire comfortably? This is a commonly asked question, one that I get fairly often. My response is that it depends on your monthly living expenses in retirement. This answer typically triggers a follow-up question: How do I plan for these future expenses when I don’t know how much they will be?