Blacka Financial Consulting

03/07/2024

Daylight saving time is just around the corner! ⏰ Don't forget to "spring forward" and set your clocks one hour ahead on Sunday, March 10.

Remember, spring is not only a time for renewal in nature but also a great opportunity to review your financial plans. If you have any questions or need guidance, we're here to help. Wishing you a joyful and productive season ahead!

04/20/2023

Financial Planning Series: Recreational Lines Coverage

With Recreational Vehicle coverage, you get the protection you need to enjoy every ride out. If you own any of these vehicles, having the proper coverage can be crucial to not only protecting your asset but also your liability. These activities often come with an increase in risk and exposure that can leave you vulnerable to property loss and lawsuits

03/29/2023

Financial Planning Series: Tax Planning

“Tax deferral” is a method of postponing the payment of income tax on currently earned investment income until the investor withdraws funds from the account. Tax deferral is encouraged by the government to stimulate long-term saving and investment, especially for retirement.

Click the link below to read more @ www.blackafinancial.com

https://www.blackafinancial.com/What-Is-Tax-Deferral.c88.htm

03/09/2023

Financial Planning Series: Tax Planning

Not to most exciting part of financial planning, but very important.

Click the link to read about retirement plan contribution limits and see if you qualify for a tax deduction. Every penny counts!

https://www.blackafinancial.com/How-Much-Money-Can-I-Put-Into-My-IRA-or-Employer-Sponsored-Retirement-Plan.c1286.htm

03/08/2023

More on our Financial Planning Series to come with our next topic covering Tax Planning! For now, check out our site to see all of the services we offer -

Edward Blacka Financial is committed to helping people and small businesses on the journey to financial freedom. Our wide array of investment, financial planning, insurance, and annuity products and services are customized for each individual’s unique financial goals and needs. Visit our site to l...

03/01/2023

Financial Planning Series: Disability Insurance Coverage

Disability Insurance covers a percentage of your weekly earnings to provide income when you are not able to work due to illness or injury. This coverage is often provided as an employee benefit or offered separately at an additional cost to the employee. Disability Insurance can also be purchased on the open market and would be suitable for anyone who is concerned that they would be unable to perform their job if they were suddenly injured or become ill. This is not limited to workplace injuries but any qualifying injury or illness regardless of the cause (subject to plan exclusions). This is a powerful tool to protect yourself against lost wages or the ability to earn.

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03/01/2023

Financial Planning Series: Disability Insurance Coverage

Do you have any protection to supplement your income when unusual circumstances arise involving work loss?

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02/22/2023

Financial Planning Series: Emergency Funds

Emergency funds are typically after-tax dollars set aside in a relatively safe account or conservative investment where they can be readily accessed in case of a temporary loss of income, or unexpected life changes. Examples could be a change in careers or employers, divorce, rapidly changing health status or even a property loss not covered by insurance. It is best to be as prepared as possible financially when these unfortunate and unforeseen events happen.

One strategy is to begin by evaluating your monthly costs including both bills and general living expenses. Once you have figured out the monthly obligation you can determine the length of time you would like to be covered if your income stream was disrupted. These numbers are going to differ depending on each person’s unique situation.

After your emergency fund goal is determined, you can decide where you would like to keep this money (ex: FDIC insured checking account or Money Market) and how you would like to fund the account (saving small amounts over time or with a lump sum deposit).

Each different method has costs and benefits that should be discussed with our team in relation to your situation. Remember, this is simply one aspect of a well-rounded financial plan and an on-going discussion that should be totally customized for you and your family’s needs.

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Send a message to learn more

02/22/2023

Financial Planning Series: Emergency Funds

Are you financially prepared if your income is interrupted or if costly and unexpected life changes arise?

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02/15/2023

This year, one of our goals is to focus on education and comprehensive financial planning. Throughout the year, we will be introducing a series of topics to touch on different financial planning topics, encouraging discussion and implementation of these ideas. Some of the concepts of this series will be:

- Importance of the Client-Advisor relationship and activity
- Emergency Fund needs and importance
- Insurance for asset protection
- Home and Auto Insurance efficiency in coverage and cost
- Retirement planning strategies, funding methods and estimated needs
- Life Insurance – how to utilize during your lifetime and pass on generational wealth later
- Possible tax advantage strategies (in coordination with your tax advisor)
- Estate Planning and the involvement of Beneficiaries in the financial planning process

For now, the first step would be to message us or 412-816-2225 to discuss how these ideas can work for you!

01/18/2022

Our objective is to become our clients most trusted advisor. We strive to serve you by providing a personal experience to each of our individual clients. If you are ready to take the important steps to help secure your financial future, we are ready to partner with you. The best way to learn more about the options available to you is to explore www.blackafinancial.com or contact us at our office (412-816-2225) with any questions. We look forward to working with you!

Edward Blacka Financial is committed to helping people and small businesses on the journey to financial freedom. Our wide array of investment, financial planning, insurance, and annuity products and services are customized for each individual’s unique financial goals and needs. Visit our site to l...