Welcome to the Good Life!

financial planning, Good Life Finacial Group Helps You and Your Family financial planning financial planning

Mission Statement

As a CFP®* my first obligation is to your lifetime financial well being.

“I believe that financial planning is about your  values, not just your money.  It is important to develop the right retirement plan, future education savings plan, and business plan for your situation using techniques to manage taxes, access to money, market volatility, and your future financial independence. With sincere appreciation for how hard you work for your money…”  — Merra Lee

* CERTIFIED FINANCIAL PLANNER TM

Facebook
Facebook
LinkedIn
RSS

3 days ago
Ways to Save on Taxes All Year Round

Learn a few ways you can save on taxes all year long!

If you managed to claim every possible tax break that you deserved when you filed your return this spring, pat yourself on the back. But don't stop...

LIKE
LOVE
HAHA
WOW
SAD
ANGRY
5 days ago
How to Save for Retirement on Less Than $40,000 Per Year

If you make a lower income and you want to save for retirement, you may want to consider a Roth IRA. See why that would be the way to go for you.

You don’t need a large income to begin building a nest egg for retirement.

LIKE
LOVE
HAHA
WOW
SAD
ANGRY
1 week ago
How to Win at Retirement Savings

Once you decide on how you're going to save for retirement, it's a great idea to understand your investment account options. If you have a retirement plan through your employer, find out what ... See more

While most workers are responsible for their own retirement savings these days, high schools don’t have required classes on 401(k)’s and Individual...

LIKE
LOVE
HAHA
WOW
SAD
ANGRY
1 week ago
Tax-saving strategies for retirement

Did you know contributions to HSAs are tax deductibles? Find out how it can benefit you to have a HSA account.

When it comes to retirement planning, many people focus on expenses. However, many don’t factor in an annual expense we can’t avoid: taxes.

LIKE
LOVE
HAHA
WOW
SAD
ANGRY
1 week ago
Ways to Save on Taxes All Year Round

If you had a big tax refund last year, it could be because there is too much being taken from your paycheck. Ask your employer if you can update your W-4 and bring more home weekly.

If you managed to claim every possible tax break that you deserved when you filed your return this spring, pat yourself on the back. But don't stop...

LIKE
LOVE
HAHA
WOW
SAD
ANGRY
2 weeks ago
How to Save Money: 8 Ways to Save Money on a Budget - Bankrate

It's a well-known fact that when you're trying to save money the best thing you can do is create a budget. This will help you understand your finances more and even show you where you need to reduce ... See more

Don’t rule out saving money just because you’re squeezed. Try these simple tricks.

LIKE
LOVE
HAHA
WOW
SAD
ANGRY
2 weeks ago
8 Scary Financial Statistics – and How to Avoid Becoming One

While there may be no ghost and ghouls to scare you here, these financial statistics may be enough to scare you into learning how to avoid them!

The majority of Americans would struggle to scrounge up $1,000 in an emergency – don't be one of them.

LIKE
LOVE
HAHA
WOW
SAD
ANGRY
3 weeks ago
How to Save Money: 8 Ways to Save Money on a Budget - Bankrate

When saving money, one thing you should avoid doing is using your credit cards. Switch to using cash and then focus on eliminating your credit card debt!

Don’t rule out saving money just because you’re squeezed. Try these simple tricks.

LIKE
LOVE
HAHA
WOW
SAD
ANGRY
3 weeks ago
How to Save Money: Daily, Monthly and Long Term - Nerdwallet

The 50/30/20 budget is a simple way to assign where your money will go for the month. Find out what your budget would look like if you used this method.

Trying to save money? Our guide can help you save on expenses big and small, find more room in your budget and build a long-term savings plan.

LIKE
LOVE
HAHA
WOW
SAD
ANGRY
3 weeks ago
How to Save for Retirement on Less Than $40,000 Per Year

Do you make less than $40,000 a year? If so, saving for retirement can be a bit difficult, but one way to do so is by getting your employer's help. Does your work offer a 401(k) matching ... See more

You don’t need a large income to begin building a nest egg for retirement.

LIKE
LOVE
HAHA
WOW
SAD
ANGRY
« 1 of 5 »

Practice Focus

Financial Planning

Solid financial planning is the key to pursuing your financial goals. By identifying where you are today and where you hope to be, Merra Lee Moffitt’s team at Good Life Financial Group can help you determine how best to proceed. As an independent financial advisor with access to unbiased research, Merra Lee can implement a plan that can help you pursue your goals. Complete financial planning is the process of putting all your family’s financial pieces together into a balanced written plan. In financial planning we make sure all the categories of your financial life are addressed. In addition we answer these financial planning questions:

✓ Am I spending the right amount given my income?

✓ Am I saving and investing in a way that meets my goals?

✓ How much should I spend or save each year?

✓ What is my current net worth and how do the pieces serve my goals?

✓ What do I want to accomplish while on this earth and what is my plan to make that happen?

✓ If money were not a factor, what would I be doing with my life?

✓ Am I using the best retirement plan choices so that I can pursue a great retirement?

Together, we’ll create a written plan that helps you balance the saving, investments and time frames for all your financial goals.

Retirement Planning

Someday, every one of us will stop collecting a paycheck; we’ll be retired. Retirement planning is making sure you’ll have enough to live the way you want when you get there. Retirement planning is crafting your retirement goals into your unique life. Regardless of whether you are just starting your first job, at the peak of your career, or looking at retirement right around the corner, careful planning will help you make the most of your retirement years. Closer to retirement age, the fine tuning begins as we convert a lifetime of saving to a lifetime if income, in essence creating our own paycheck. In retirement planning, we answer these questions:

When can I retire?

How much can I spend in retirement?

Where will the money come from each month to pay bills?

How can I make sure I don’t not run out of money?

What will inflation do to my spending?

How will marriage, children, job change affect my retirement plans?

How can I get my retirement ‘paycheck’ to go up and keep up with inflation?

What financial surprises should I prepare for?

Should my investment planning change as I get older?

Your retirement plan is unique to your situation and goals. Together we’ll make a written plan that gets and keeps you on track. A flexible plan that we’ll adjust as your situation adjusts.

College Planning Choices

For our kids, grandkids, or ourselves we want a good education so they’ll have great jobs and careers. Often, large amounts of savings are needed to afford good schools, have enough to complete all years required, and get the degrees or certifications we desire. In education planning we answer the questions:

How much will school cost?

How much can or should I save?

Can I start with just a little if that’s all I can afford right now?

If I save too much will it affect financial aid from the schools?

What’s the best way to pay for school?

How can my kids afford to go to the ‘expensive’ school they want?

I have a few children, how can I have enough to help them all?

What types of accounts should we use to save?

Whether you want Ivy League, trade or state school; you’ll need a plan. Together we’ll make an education savings plan that gets you on track while balancing your other goals (like having enough to retire someday).

Tax Reduction Planning

Taxes may be a fact of life, but you needn’t pay more than you have to. Paying close attention to your investments’ tax treatment, Merra Lee’s team will strive to help you keep more of your hard-earned money working for you while seeking to reduce your tax burden whenever possible. Tax-advantaged saving, investing and distribution strategies can have a significant impact on what you can pay yourself in retirement. In tax planning strategies, we answer the following questions:

Is there anything else I can do to reduce my income taxes that I’m not doing now?

If I save taxes this year am I going to pay more when I’m retired?

How can I have liquid assets and still save for retirement?

How can I avoid early withdrawal penalties?

Sadly, taxes now or taxes later may be factor into the choices we’ll need to make. But wouldn’t you feel better knowing what your choices are? Together we’ll integrate the suitable tax advantaged investing into your complete financial plan.

LPL Financial and Good Life Financial Group do not provide tax or legal advice. Consult a tax or legal professional for advice on these matters.

Business Financial Planning

Merra Lee Moffitt works with small business owners to help them achieve their financial dreams and goals. Her articles are written to help inspire small business owners. Her podcasts are a way to showcase small business owners. Her mixers are a way to bring everyone together and network. Contact Merra Lee and her team to learn more about what they can do for you.

Estate Planning

What do you want to be remembered for when you die? Is there any group or charity that has touched your life? In legacy & charity planning we answer these questions:

How can I balance wanting to give to a charity and also to my family?

What are the tax incentives for the different ways I can give to a charity?

How can I give to a charity so they will use it well?

Does it matter that I’m not wealthy?

We’ll help you turn your lifetime of work into a cause you care.

 

Loving this so far? Please spread the word!