Echo Huang's Blog, page 3

The Roth IRA: A Key Ingredient to Your Tax—and Retirement—Strategy

2020 is coming to a close. As you look back at what this year has brought, chances are, many other things topped your priority list before “tax strategy.” In a recent blog, I discussed









tax strategies you should review







  before year-end. Today, I’d like to spend a little bit of time going a bit deeper into one of those strategies…Roth IRAs and 401(k...

All-Important Tax Saving Strategies for the Affluent (and Those Who Want to Be)

When I worked as a tax CPA for KPMG in the late 90s, I served many corporate executives and wealthy families as their senior tax specialist and prepared many individual income tax returns, trust returns, and gift tax returns. Now I use that knowledge and expertise to help my affluent and high-income clients plan ahead to keep more money in their pockets by using smart tax savings strategies. 

 
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A Man Is Not a Plan

Recently I heard a story from a 67-year old woman who had gotten divorced after twenty years of marriage. She had raised her daughter at home while she was younger, and she didn't get much from the divorce. She is now collecting about $900 per month from Social Security income and working part-time to get by while sharing an apartment with others. She is fearful about her financial future because she has never managed money before, and it's hard for her to find ...

What Will It Take to Own Your Financial Future?

Ever feel like your finances just aren't running on all cylinders? Setting definite financial goals will help you stay on track, weather unexpected expenses, and gain peace of mind for your later years.

Today, I'd like to offer six goals that can help you get on track—and stay there—so you can own your financial future. 

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8 Tips for Teaching Teens Money Management

It seems like yesterday when my daughter, Nina, turned one year old and was an adorable, chubby little girl. Now, she’s a beautiful 15-year-old teen who loves reading, skiing, tennis, travel, choir, and piano. As a parent, I feel the urgency to teach her essential life skills before she goes off to college, especially around financial literacy and money management, which are critical for her success and happiness.

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Outsourcing So You Can Do What Matters

We all know the classic saying, Time is money, right? We also know that time and money are the two things we often wish we had more of. The key to time management and overall life quality will always be finding that balance between what you have to do, what you want to do, and figuring out how to afford it all.

I know that I usually share about financial planning topics her...

What You Need to Know about Health Savings Accounts (HSAs)

Open enrollment season is quickly approaching, and I want to make sure you take full advantage of all that's available to you, especially a Health Savings Account (HSA). The HSA is a powerful tool to help you save and invest in paying for your qualified medical expenses (QMEs) now and into retirement. It's become popular as more employers move to high deductible health plans (HDHP) to reduce insurance premiums. A critical note about an HSA is that you must choos...

What Should Your Savings Goals Be?

When you’re young and just starting out, retirement seems so far away, and there are more pressing things to spend your money on. Then you find the love of your life, maybe buy a house and start a family. Then, before you know it, you’re kids are looking at colleges, and, “suddenly,” retirement seems to have sneaked up on you. Hopefully, you’ve not encountered too many of life’s obstacles and unforeseen expenses that can often derail a good savings plan. Life ha...

Echo Huang Featured on the Moms with Dreams Podcast

Echo Huang recently sat down with Erica Blocker of the 







Moms with Dreams Show







 to discuss her personal story and share some professional insights.

During this conversation, Echo talks about:

Wealth management i...

Echo Huang Featured on the Money Savage Podcast Hosted by George Grombacher

This podcast provides a savage approach to personal finance featuring financial professionals and subject matter experts. 

In this episode with Echo, she discusses the role that perspective plays in life as well as with investing, how to remove complexity from financial planning, and why a good team of advisors is so important. Listen to learn why you should check your home...