Welcome to the Good Life!

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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

3 days ago
4 Costly Mistakes Parents Make When Saving for College

One mistake parents make when it comes to saving for their children's education is not starting to save early enough. The sooner you start saving for your child's education, the better off you will ... See more

Failing to qualify for tax credits and taking loans against a 401(k) are two common problems.

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4 days ago
Ageless Financial Advice for Young Professionals

For Young Professionals there are important financial tips that will withstand the test of time and always be important to learn. Now is your chance to learn them!

As a personal investor and financial planner with over 30 years of experience, here’s some ageless wisdom for young professionals in your 20’s and...

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1 week ago
Common Mistakes That Derail Retirement

One mistake you can make when it comes to retirement planning is waiting to start. The sooner you start saving, the better off you'll be during retirement. So, if you haven't started your retirement ... See more

Are you ready for retirement? Even if you are young you need to be saving NOW for your retirement. Here's some of the biggest mistakes to avoid.

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1 week ago
Does Your Client Pay Slowly? - Welcome2TheGoodLife

Do you suffer from slow-paying clients? One way to change that is to request payment right away for services performed at the home. Once you're finished with the job provide them with an invoice. Be ... See more

Collect your client pay sooner following these hints and turn your slow pay clients into fast pay clients. You'll see results in just a few weeks!

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1 week ago
Best Retirement Plans: Choose the Right Plan for You - NerdWallet

There are different types of retirement plans. But which is the right one for you? Take a moment to check out the differences in each and then give me a call. Let's sit down and discuss which one ... See more

IRA, 401(k), SEP IRA, 457 plan, 403(b) plan, SIMPLE IRA, Solo 401(k): This alphabet soup is Uncle Sam’s shorthand for some of the most popular...

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2 weeks ago
Help Me With My Tax Strategies - Welcome2TheGoodLife

Do you need guidance with your tax strategy? Let me help you! I have some basic tips that can help you save. If you are interested in understanding more about saving on taxes, feel free to give me a ... See more

It's important to know basics for creating tax strategies to reduce taxes. There are three basic ways to reduce this and have more of your money...

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2 weeks ago
Common Mistakes That Derail Retirement

Many people wait after getting a job before they start putting money into their retirement savings, but that's a mistake. The sooner you start saving the better! Check out some other helpful ... See more

Are you ready for retirement? Even if you are young you need to be saving NOW for your retirement. Here's some of the biggest mistakes to avoid.

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3 weeks ago
Tax strategies to help you keep your hard-earned money

If you have tax questions like "Is there anything else I can do to reduce my income taxes that I’m not doing now?" or "If I save taxes this year am I going to pay more when I’m retired?" I can ... See more

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3 weeks ago
5 Ways to Pay Your Mortgage Early - Welcome2TheGoodLife

Many people focus on paying off their home mortgage and don't think about other needs and wants that will be sacrificed because of this. If you are interested in paying off your mortgage faster ... See more

Balance paying your mortgage early without shorting your lifelong financial well-being.

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3 weeks ago
27 Reasons to Work with a Business Financial Specialist

Did you know that for people who have multiple businesses, every business can have its own, separate retirement plan? Sometimes 100% of the money earned can be funneled into retirement accounts with ... See more

Business owners have common traits. Business owners want results fast and are a busy bunch, but here's why you should make time for a business...

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« 1 of 2 »

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.

 

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