QX Financial - Micah Morales - Financial Professional

10/27/2021

Did you know?

Your assets can fall into 3 categories or buckets when it comes to taxation.

❋TAX NOW: Money in this bucket is subject to income taxation in the year you withdraw it. This includes your savings accounts, CDs, and direct securities, such as stocks and bonds.

❋TAX LATER: Money in this bucket can be accumulated now without being taxed, and you pay taxes on the money at a later date. This is the money you are investing into your 401k, IRA, annuity, or real estate.

❋TAX NEVER: Money in this bucket will NEVER be subject to income taxation. There are only a handful of buckets to accumulate tax-free income. You may have heard of your Roth IRA, but did you know that there is another vehicle that you can use to build tax-free income?

Let's connect, and I'll be happy to tell you all about it!

10/14/2021

The COVID-19 pandemic has been a eye opening event for many of us, especially when it comes to our finances and what protection they have for themselves and their families in case something were to ever happen. If you are re-evaluating your financial position and wanting to learn more about steps you can take to provide the necessary protection for you and your loved ones, and don't know where to start, let's connect today.

09/27/2021

As a Black American, I grew up hearing about life insurance only in the context of death, that is if I heard about life insurance at all. Because of this, I had a negative opinion of life insurance even though I did not know the full scope of benefits it can provide during one's life.

I want to educate my community about those living benefits and stress that those benefits are not only accessible at death. I am especially dedicated to addressing the stigma of life insurance in the Black community because it is a tool that should be taken advantage of to build and maintain not only protection for worse-case scenarios but also true generational wealth.

Want to learn more? Let's connect today!

09/07/2021

Did you know that September is National Life Insurance Awareness Month?

Let's face it. Life insurance can be very awkward to talk about, especially because of the connotations of death that come with it. But in reality, life insurance is an important tool that you can take advantage of to provide a sense of security that you get from knowing your loved ones will be able to have the means to live out their plans and dreams if anything ever happened to you.

Life insurance does provide important death benefits, but there are also fantastic living benefits that life insurance can provide that makes it an important tool to have in your financial portfolio.

Life insurance is not as hard to understand as you may think. Check out this 'Life Insurance 101'by Life Happens to learn more about the basics.

Interested in seeing how life insurance could provide you with a way to accumulate capital and build wealth? Let's connect!

Life Insurance 101 No one really wants to think about life insurance. But if someone depends on you financially, it’s a topic you can’t avoid. Getting life insurance doesn’t have to be hard (or boring). We have some answers to common questions about life insurance so that you can make informed...

09/01/2021

Are you tax diversified? Tax rates are likely the LOWEST we will ever see in our lifetime, meaning they will only get higher from here! The United States has a $27 TRILLION DEFICIT and it is only getting bigger. How will this be paid for? By raising the taxes you pay! Roth IRAs are a fantastic way to create a pool of income that will NEVER be taxed, but it has its limitations. What if I told you there was another vehicle you could use to accumulate tax-free income to use whenever YOU need it for whatever you want to use it for? Schedule a FREE, NO OBLIGATION consultation with me to learn more today!

https://calendly.com/micah-morales02/30min

Why now may be the time to convert your traditional IRA to a Roth to avoid future taxes.

08/31/2021

Hello! I am a Columbus, Ohio native and alumni of Columbus City Schools and OSU. Growing up in Columbus, I experienced what it was like to live as part of the low-income population. I watched my parents work hard to give my sisters and I what we needed, but at times it was hard for them to provide us with the things we wanted. As an adult, I have also experienced the challenges that can come from not having the tools or knowledge to navigate the financial system we live in here in the United States.

I have since developed a passion to educate my community about what they can do to take control of their financial freedom. We all have goals that are tied to our ability to afford them, and whether that goal is to buy a house, save for retirement, or grow your business, I want to help you by giving you tools to reach your goals efficiently so your dreams become reality as soon as possible. To top it off, what if I told you, you could do this in a tax-advantaged manner, without taking on any additional liabilities, AND grow your wealth and establish a legacy all at the same time?

It may sound too good to be true, but I promise it is possible! And you DESERVE to live the life you always dreamed of as soon as possible without the added stress that can come from trying to scrimp and save using the conventional methods of financial planning. Want to learn more? Use the link below to schedule a completely free, no-obligation meeting with me, and I will share my knowledge with you!