isler northwest, cpa, portland

9 Things All Millennials Need to Know About Money

Article Found on INC.COM


What should all young people know about managing personal finance? This is a very important question, because as it stands, there is expected to be a $30 trillion wealth transfer from Boomers to Millennials over the coming decades – and only 22% of Millennials demonstrate “basic” financial knowledge. Read more

isler northwest, accountants, portland

3 Myths That Could Tank Your Credit Score

Article by Selena Maranjian | Featured on CNN

Whatever your credit score is, it could probably be higher.

Many people are taking steps to improve their credit worthiness — but if they go about it the wrong way, misled by myths, they could actually hurt their scores.

Here are three myths that could tank your credit score — and below them, some misunderstandings about credit scores that could also hurt you: Read more

portland, cpa firm, isler northwest

10 Pieces of Financial Advice I Wish I Knew in My 20s

By Andrew Medal | Found on Entrepreneur

Your 20s can one of the most memorable times of your life. After all, you’ve just started to enter the workforce, have little responsibility and finally have a disposable income to call your own. However, even with all the freedom that youth provides, it can come with some significant financial consequences that can be crippling if you’re not careful. Read more

accounting firm, portland, oregon

5 Steps to Retire Debt-Free

Article by by Maurie Backman | Found on

America is a nation of borrowers, and while racking up debt can be dangerous at any age, it’s especially hazardous for those heading into retirement.

Because most seniors are behind on savings to begin with, carrying debt into retirement will only strain their already limited budget. Yet a growing number of households are kicking off their golden years with piles of debt — in fact, 20% of borrowers actually expect to die in debt. Read more

cpa firm, portland, oregon, isler

IRS adds more features to taxpayer online accounts

Article Found on | Written by Michael Kohn

The Internal Revenue Service has supplemented its online tax account tool with some new self-service features for taxpayers and their preparers.

The IRS debuted the tool last December, offering taxpayers the ability to look up basic information such as the balance due on their taxes and different IRS payment options.

The IRS said Tuesday it has added several new features since the initial launch, including the ability to view up to 18 months of tax payment history, view payoff amounts and the tax balance due for each tax year, and get online transcripts of Form 1040-series tax returns through the IRS’s Get Transcript tool. Taxpayers can also give the IRS their feedback on their experience with their online account and make suggestions for improvements. Read more

portland, accountants, business advisors, isler

Your Money: Strategies to Cope With Permanent Debt

Article by Chris Taylor | Found on Reuters

Most people think of debt as a temporary condition: Something you accumulate early in life, chip away at during prime earnings years, and say good riddance to well before retirement.

But what if your debt is permanent?

Then you might feel like Annette Loos, a 57-year-old mom from Kansas City, Missouri who has around $20,000 in student debt that she pays a bit of every month. Even though she has a good job as a project manager in the banking industry, her debt from her college days just sticks around. Read more

financial advisors, portland, cpa

How to Keep Yourself Safe From Fake Financial News

Article by Chris Taylor | Found Reuters

Hey, we have a great stock tip for you – a stone-cold lock, guaranteed profits!

Do you believe us? We hope not.

The bad news is that financial “fake news” does not present itself as such very easily, and it is everywhere these days.

A recent Harris Poll conducted for the American Institute of CPAs (AICPA) found that 63 percent of Americans say that fake news “has made it more difficult to make critical financial decisions.”

And it is not just suckers or confused seniors who are at risk. Read more

business advisors, portland, isler

Here’s How You Should Really be Spending Your Paycheck

Article by Larry Alton | Found on INC.COM

In the opinion of many, one of the greatest failures of today’s public school system is that it allows students to graduate without requiring that they take a course in personal finance. In fact, a highly educated individual can get a high school and college diploma without ever receiving any formal training in how to save and spend the money they’ll earn.

The result of this shortcoming is catastrophic. Otherwise educated individuals are graduating from college with tens of thousands of dollars in student loan debts, securing measly salaries in entry-level positions, and then racking up thousands of dollars in additional debt because they don’t understand how to budget, save, and spend.

Something has to be done about it. Read more

Good News For Savers With Cash To Invest

Article by John Taft | Featured on

Individual and corporate savers: It’s time to pay more attention to where you invest your cash.

The Federal Reserve Bank’s decision yesterday to raise interest rates this week, for the third time in the last 15 months, is good news for savers tired of earning next to nothing on their cash balances. But getting the return you deserve will require extra work. Read more

isler northwest, financial advisors

5 Mental Tricks To Make A Good Money Habit Really Last

By Julia Chang | Article Featured on Forbes

This story originally appeared on LearnVest as “5 Ways to Make a New Money Habit Stick.”

We’re nearly two weeks into 2017 and if you’re like many of us, you started the year fired up about your New Year’s money resolutions (no more Ubers!) but may have already begun to feel your motivation flag.

According to the 2016 Money Habits & Confessions Survey by LearnVest, more than a third of Americans predict they won’t be able to keep a financial resolution in 2017. Even though 48% of people acknowledge that kicking their bad money habits would be more beneficial than kicking bad lifestyle habits (and the percentage was even higher among Millennials, at 57%), they expect they’ll only be able to stick with their money goal for an average of six weeks before throwing in the towel completely.

Those stats show just how challenging turning over a new leaf can be, particularly if your efforts revolve around your finances.
Read more