Tax Alternative Group LLC can help you with all your tax service needs

 

Call Us Today For An Appointment -- 845-242-2151

 

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Family & Taxes

Date 09/06/2017

Should You Sacrifice Your Retirement for Your Children's College Education?

We can be so complacent about the security of our daily existence, that an event like this seems unrealistic. But, we're getting continued reminders, every year, of how fragile our modern world truly can be.  But that doesn't mean you have to panic. With a few basic points of preparation, you and your family could be vastly more prepared than your neighbors, even giving you the opportunity to be ones who can support and assist your neighbors, rather than have to "ask" for support....Read More

Posted by Patrick O'Hara

Date 06/27/2017

Financial Advice for Multi-Generational Caretaking

Time was, families used to be dealing with elderly parents, young children ... and everything in between, all in one house! This is less common now, and as a result, many families are actually unprepared for how to handle it -- simply because models are much less plentiful.  The reason I highlight it now, is that we can help -- whether with specific practical assistance, or even just dispassionate advice. You might know somebody in this situation -- or you could be dealing with it yourself....Read More

Posted by Patrick O'Hara

Date 06/13/2017

Eliminating Worry

For many people, worrying about things can become more vexing than the original problem they were grappling with...Read More

Posted by Patrick O'Hara

Date 06/05/2017

Six Good Reasons Everyone Should Have An Estate Plan

Many well-meaning (and very loving) parents haven't yet established an estate plan. That is a sad reality.  Yes, perhaps they've downloaded a fill-in-the-blank will from a software service, but unfortunately, with many situations, these don't cover every important component of your wishes...Read More

Posted by Patrick O'Hara

 

Date 02/06/2017

Great Love Gestures On A Budget

With Valentine's Day coming up (Tuesday the 14th), I thought I'd help my clients and friends make some romance magic, but do it in a way that saves them cash.Yes, America -- you can still be romantic on a budget...Read More

Posted by Patrick O'Hara

 

Date  12/06/2016

The Millennial Career Trap

Now, there's a lot of talk these days about millennials, and how this generation might be a little different than those in the past...Read More

Posted by Patrick O'Hara

 

Date  11/14/2016

Financial Training Wheels For Teenagers

If we decide to instruct our kids how to responsibly manage their money  then perhaps they might avoid financial catastrophe in their own adult lives...Read More

Posted by Patrick O'Hara

 

Date  10/10/2016

Money Moves For The Milestones

For planning purposes, remember that each decade of life usually carries with it several big money moments. Major life events like landing a new job or getting married are usually joyous, but they also have an impact on your finances....Read More

Posted by Patrick O'Hara

 

Date: 10/03/2016

How To Raise a Rich Kid

Sadly, too many families neglect a critical aspect of raising children: teaching them to be financially savvy.  But if you want to raise kids who can create and manage wealth, there are a handful of critical rules that are foundational...Read More

Posted by Patrick O'Hara

 

Date 08/29/2016

A Brief Rundown of School-Related Tax Benefits

 There are a bunch of resources for students that many of my clients and friends may not realize are available to them...Read More

Posted by Patrick O'Hara

 

Date: 08/08/2016

Helping Children Become Financially Satisfied

So how do we hold back a flood of consumerism, and teach our children the true meaning of gifts, giving and the upcoming holiday season? Well, some of my wiser clients might say ...Read More
 

Posted by Patrick O'Hara

 

Date 07/25/2016

Estate Planning: It's Not About The Money

It's an all-too-common misconception that smart estate planning is all about avoiding the estate tax.  And, if that were the case, only the very wealthy would be affected by it.  You may fall into that category, but even if you DON'T (and also if you do), you should be considering the following questions as a family...Read More

Posted by Patrick O'Hara

 

Date  07/18/2016

Getting Your Credit Score Fixed, Fast

If you want to fix your credit score, you need to know what your current score is. Most creditors rely on the three-digit FICO credit score...Read More

Posted by Patrick O'Hara

 

Date  07/11/2016

Planning Wealth Around a Child With Special Needs

Here is the standard thinking, in regards to setting up your affairs with children who have special needs.  Families realize that they have to support these children for the rest of their lives. So, they typically write wills and take out significant term life insurance policies. They are careful to name a trust as the beneficiary...Read More

Posted by Patrick O'Hara

 

Date 06/27/2016

Thoughts From Dad

 My Dad said a lot over the years, giving me some valuable lessons.  I'm attempting here to summarize his thoughts...so call this a paraphrase of Dad's Life Financial Wisdom...Read More


Posted by Patrick O'Hara

 

Date  06/20/2016

Protecting The Hearts (and Wallets) of Your Kids

While it is impossible to completely shield kids from all the hard things that go on around them, I happen to believe money worries are one of those things we shouldn't share with kids...Read More

Posted by Patrick O'Hara

 

Date  06/13/2016

How Not To Lose Financial Ground

I know life is hard. I know being single is expensive. I know being married is expensive. Having children is expensive. And there's no doubt that getting divorced can be a drain too. Yes, working two (maybe even three) jobs is exhausting. I haven't been all of these things. Maybe you have. But on the surface all these "reasons for losing money" are just the result of a much bigger problem...Read More

Posted by Patrick O'Hara

 

Date: 06/06/2016

Avoiding Vacation Nightmares

 So begins "vacation season". June is here and school is pretty much out, and many families have already planned for their time away.  But when following your vacation itinerary, the last thing you want to do is worry about any financial loss that might occur as a result of a missed flight, an injury or illness, lost baggage, or any other unforeseen incident...Read More

Posted by Patrick O'Hara

 

Date 05/31/2016

What Really Happens To An Estate

 There is some occasional confusion about what happens when someone passes away, and what happens to their assets. If they have over $100K in assets, it is will be handled in one of three ways...Read More

Posted by Patrick O'Hara

   

Date: 05/02/2016

Financial Wisdom From The Sage

 Billionaires aren't hatched overnight.  But there will be another generation of such men and women in the next few decades -- and chances are, they will tread the same path as those who have come before.  So how did Warren Buffett do it? Here's some of the basic path...Read More

Posted by Patrick O'Hara

 

Date 03/28/2016

Easy Disaster Prep

We can be so complacent about the security of our daily existence, that an event like this seems unrealistic. But, we're getting continued reminders, every year, at how fragile our modern world truly can be...Read More

 Posted by Patrick O'Hara

 

Date  03/21/2016

An Open Accounting With Your Partner

Do you get a knot in your gut when your spouse asks you how the finances are looking? Do you practice a policy of "Don't ask, Don't tell"?...Read More

Posted by Patrick O'Hara

 

Date  02/22/2016

Five Financial Commitments For Marriage

One of the most pressing, painful and significant issues within a marriage can be the problem of finances. For some, this presents no significant hurdle whatsoever -- often because the money is flowing, and there are no pressing concerns. However, this can be a band-aid over problems that eventually show themselves when the (inevitable) crisis strikes...Read More


Posted by Patrick O'Hara

 

Date  02/15/2016

For Parents Who Care

When I think about what frightens parents most, seeing their children in a vulnerable position pretty much tops the list -- whether it's at home, at the pool, or any other place in public.  What exacerbates this further is knowing the fear which children themselves feel when they are surrounded by people they don't know, and aren't sure what to expect from what their parents have set up for them.  Put the following steps into place, and you'll eliminate at least some of these dangers...Read More

Posted by Patrick O'Hara

 

 

Date: 02/03/2016

Receiving a Large Refund or Inheritance (or Winnings)

 According to recent data from the Federal Reserve (what do they NOT keep track of??), more than nine million households in the U.S. reported getting an inheritance of at least $100,000. And there is other data which suggests that baby boomers stand to receive over $8 trillion in inheritance over the next few decades.  But sometimes such "blessings" end up as curses to those who aren't prepared...Read More

Posted by Patrick O'Hara

 

 

Date  1/13/2016

Teach Your Children Well In 2016

The beginning of the year is the perfect time to start a new regime with your family for
instilling great financial smarts. We may be a few weeks in, but really -- anytime in
January is a good time to begin making changes. [Read More]

Posted by Patrick O'Hara

  

 

 

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