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TAX & FINANCIAL INSIGHTS BLOG

August 8, 2019
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5 Questions to Ask Your Financial Advisor

If you’re unsure if your financial advisor is a best fit for your needs ask him or her the questions below. Follow our guide to what their answers should be and if the responses are not lining up or you’re unsure of their responses feel free to sit down with an investment professional at Kroon & Mitchell for a free review.
August 8, 2019

Eight Takeaways from Tax Season for Family Business Owners

We just finished filing taxes under the largest reform in 30 years! As we reflect back on this filing we’ve compiled a list of key takeaways for family business owners. The biggest changes are: the increase of standard deductions, changes to the income tax brackets and the addition of a new qualified business income deduction.
August 2, 2019

Top 5 Tips for Saving on Taxes in Retirement

The best financial strategy always starts with your taxes. Here find our top 5 tips for saving on your taxes in retirement.
July 2, 2019

Roth IRA v Traditional IRA

One of the key things we do is educate our clients on the different savings and investment tools available. One of the critical points of confusion we try to dispel are the strengths and weaknesses between Traditional and Roth IRAs. We often see clients who are entirely sold on one over the other even though the best retirement plans usually involve a mix of the two at different times in the income and savings cycle. Timing and planning are both critical aspects for determining when to use each vehicle.
April 30, 2019

Know Your Investor Rights – Honest, Competent and Ethical Conduct

According to the CFA Institute, a global organization of investment professionals, you as an investor have certain rights - 10 to be exact. Here’s an inside look on the first investor right as established by the institute…
February 12, 2019
Tax Reform in 2018

Everything You Need to Know This Tax Season

The IRS has announced that they will begin accepting returns on January 28, 2019. The filing deadline is Monday, April 15, 2019. Any returns submitted to […]
January 17, 2019

How the 2018 Tax Reform Affects Your Real Estate Business

The tax reform of 2018 affects Realty professionals in three ways: the impact to your realty business, the impact on your future real estate prospects and the impact on the future purchasing power of your clients. Read more here.
September 11, 2018

Charitable Giving Under the New Tax Law: How to Make Your Dollars Count

The Tax Cuts and Jobs Act, went into effect at the start of 2018, and while you may be aware of many significant changes, have you thought about its impact to your charitable giving schedule? Kroon and Mitchell dive into charitable giving in light of the new regulations, providing you, your friends, and family members with a way to continue your charitable contributions well into 2018 and beyond.
July 31, 2018

3 Retirement Investment Mistakes You Likely Don’t Know You’re Making

Unfortunately, investment missteps are the kind that can come back to haunt you in the future, especially when it comes to retirement planning. In this article we look at how much you should set aside for retirement and how much should go into the right kind of long-term investments. Learn about the long-term benefits.
May 2, 2018
Divorce advice from expert Kathey Batey

The Perfect Storm – Divorce, Emotions & Finances

Divorce is the perfect storm when major unpredictable factors merge together to become a force to be reckoned with. There are the legal, financial, emotional and spiritual areas that can be frightening and make you feel like you are losing control. Even true for those who have captained the seas of life for a long time. Because at any time the winds can change, the unknown forces can lead you to shipwreck your life.
October 1, 2019

Wednesday Wisdom with the Small Business Association of West Michigan

Phil Mitchell was asked to share financial tips for small business owners.
November 18, 2019

7 Impacts from the Tax Code Change with Financial Planning

Phil Mitchell was asked to share the biggest impacts from the tax reform with Financial Planning Magazine.
March 9, 2020

Your Retirement Savings are at Risk and you have 5 Years to Fix it

On January 1, 2020 the latest revision of the Secure Act was passed at the federal level. There were many changes in this Act but there is only one that really matters and it should cause all of us to re-evaluate our retirement strategy.
March 16, 2020
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Phil Mitchell talks with Shelley Irwin about Tax Filing for 2020

Thanks to Shelley Irwin for inviting Phil Mitchell to the WGVU Morning Show to discuss tax filing for 2020.
March 26, 2020

Phil Mitchell talks with Shelley Irwin on a Special Edition Panel on COVID-19

Thanks to Shelley Irwin for organizing a virtual panel to discuss the financial impacts of COVID-19.
July 22, 2020
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Three Things to Consider in a Changing Market

The last 10 years have been smooth sailing for investors. The upward trend of the market came to a halt earlier this year but the market dropped 30% over 22 days. The market has changed and so should your investment strategy. Here are three things to consider.