Anderson Financial Consulting LLC

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Anderson Financial Consulting LLC I am here to help you make and save money with solid financial and tax strategies. Many of us have spent our careers specializing in one kind of tax service.
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Anderson Financial Consulting is a group of tax professionals from different backgrounds. Some of us specialize in personal tax returns, others in the taxation of corporations, and some of us are experts in inheritance taxes. We all have excellent general knowledge of tax law and policy in the United States, and how that law is affected by law and policy at the state level, as well as the local level.

10/18/2026

Stop Believing You Need $5 Million to Retire!

Every time I turn around, somebody is telling people they need $5 million, $10 million or some other enormous amount of money to retire comfortably.
And I wonder how many people hear those numbers and immediately feel defeated.
Because they're thinking, "There's no way I'll ever save that much money."
But here's what I want people to understand.
Retirement isn't just about how much money you have. It's about how much income that money can produce and how much you actually need to live.
I've talked about my own retirement goal of around $3 million.

For example, if I had $3 million earning 4% annually, that would generate approximately $120,000 in interest before taxes.
That's $10,000 a month.

Now, that doesn't mean a 4% return is guaranteed forever, that inflation won't affect purchasing power, or that everybody can live comfortably on that amount.
And it certainly doesn't mean you should put your entire retirement into one savings account.
But it illustrates something important.
Instead of letting somebody else's retirement number scare me, I'd rather focus on understanding my future expenses, potential income and the lifestyle I actually want.
Don't let somebody else's definition of financial success convince you that your retirement goals are impossible.
Build a plan based on your life, not somebody else's headline.
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Disclaimer: This content is for educational and informational purposes only and is not individualized financial, tax, legal or investment advice. The 4% example is hypothetical, not a guaranteed or permanent interest rate. Taxes, inflation, changing rates and account insurance limits can affect retirement outcomes.

10/17/2026

What If Your Dream Retirement Is Just Not Having to Work?

When people talk about retirement, everybody seems to have a different picture of what it's supposed to look like.
Some people want to travel the world, take five or ten cruises a year, and spend their retirement exploring new places.
And if that's what you've worked and saved for, there's absolutely nothing wrong with that.
But what about the person who doesn't want all of that?
What if your dream retirement is simply waking up in the morning and not having to go to work?
Being able to enjoy your home, spend time with family, explore your own city, or just sit back and enjoy the freedom you've worked decades to achieve.
That's something I think we need to talk about more.
Retirement isn't about keeping up with somebody else's lifestyle. It's about having the financial freedom to live the life YOU actually want.
Before I tell someone how much money they need to retire, I want to understand what retirement looks like to them.
Because the person planning ten cruises a year may need a very different retirement budget from the person who just wants a comfortable, peaceful life without having to work.
And neither one is wrong.
The question is, what are you actually working toward?
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Disclaimer: This content is for educational and informational purposes only and is not individualized financial, tax, legal or investment advice. Retirement costs and financial needs vary based on lifestyle, health and individual circumstances.

10/17/2026

The Biggest Investing Mistake Young People Make Is Waiting

If I could give one piece of financial advice to someone in their 20s, it would be this.
Start investing now. Not when you make more money. Not when you're older. Now.
One of the biggest advantages you have when you're young isn't how much money you make. It's time.
Time allows your investments the opportunity to grow through compounding, and that's something you can't get back once those years are gone.

If you're making $50,000 a year, consider working toward investing 10%, or $5,000 annually.
As your income increases, increase your contributions too.

My goal would be to develop the discipline of consistently investing 10% to 15% of my income, especially during the years when I don't have as many financial obligations.
Because here's what people don't always understand.
The longer you wait to start investing, the more money you may have to contribute later to reach the same retirement goal.

You don't have to be wealthy to start investing. You have to start building the habit.
And if you're already past your 20s, don't let that discourage you. The best time to begin preparing for your financial future is the time you have available now.

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Disclaimer: This content is for educational and informational purposes only and is not individualized financial, tax, legal or investment advice. Investing involves risk, and returns are not guaranteed. Savings rates should reflect individual financial circumstances.

10/16/2026

Skipping Homeownership to Invest? But Are You Actually Investing?

I would rather rent and invest the difference.

That can absolutely be a strategy.

But Eric raises the question people do not always talk about. Are you actually investing the difference?

Because life happens. One missed month becomes another, and eventually the money you planned to invest never gets invested.

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10/16/2026

Putting Everything in a Trust Does NOT Mean You Pay No Taxes

I keep hearing people say the same thing:

β€œPut everything in a trust and you won’t have to pay taxes.”

If it were really that simple, why would wealthy people still have tax planning conversations?
I work with clients earning hundreds of thousands of dollars a year, including some approaching $1 million, and their conversations are not simply, β€œI’ll put everything in a trust so I don’t have to pay taxes.”
Trusts can serve important purposes. But simply having a trust does not automatically make your tax obligations disappear.

Be careful taking complicated tax and estate planning advice from a 60 second social media video. Understand what actually applies to your situation before making major financial decisions. Wealthy-People-Pay-Taxes-Too

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Disclaimer: This content is for educational and informational purposes only and is not individualized tax, legal, financial, or investment advice. Tax and trust rules vary based on individual circumstances. Consult qualified tax and legal professionals regarding your situation.

10/16/2026

Missed the Tax Deadline? Don't Make This Mistake!

Tax extension season is officially behind us, and let me tell you, it was a busy one!
We were up late helping clients get their returns completed before the October 15 deadline.
But here's something I want everyone to understand.
If you missed the tax filing deadline, ignoring your taxes isn't going to make the problem disappear.
I hear people say, "Well, I'm already late, so what's the rush?"
The rush is that if you owe the IRS, additional penalties and interest may continue accumulating the longer you wait.
And here's something many taxpayers don't realize.
If you're due a refund and have no outstanding tax liability, you generally won't face a federal late filing penalty simply because you filed after the deadline.
But that doesn't mean you should keep putting it off. You still need to claim your refund within the applicable time limit, and there may be other filing requirements.
My advice?
Get your taxes filed as soon as possible. Don't turn a missed deadline into an even bigger financial headache.
And remember, an extension gives you more time to file, not more time to pay.
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Disclaimer: This content is for educational and informational purposes only and is not individualized tax, legal or financial advice. Penalties, interest and filing requirements depend on individual circumstances. Special rules may apply to disaster relief extensions and other situations.

10/16/2026

There's a kind of financial struggle that nobody talks about enough.
It's the struggle of being the person everybody depends on.
You're the one people call when they're short on money. The one who helps family, supports friends and finds a way to show up whenever somebody needs something.
And because you're always helping, everybody assumes you're doing just fine.
But what happens when you're the one who needs help?
What happens when life hits you financially, and the people you've been helping aren't there to help you?
Now you're struggling in silence because everybody thinks you're good.
And the hardest part?
Some people might even question how you got into financial trouble without realizing how much of your money you've spent helping everybody else.
Sometimes the person everybody thinks has it all together is the one silently falling apart trying to keep everybody else together.
I believe in helping people. But I also believe we have to recognize the financial and emotional weight that comes with always being the dependable one.
Because being there for everybody shouldn't mean having nobody there for you.
And helping others shouldn't require sacrificing your own financial stability.

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Disclaimer: This content is for educational and informational purposes only and reflects personal perspectives. It is not individualized financial or mental health advice.

10/15/2026

One of the biggest things I hear when people talk about retirement is how much money they think they need to have saved.
A million dollars. Two million dollars. Sometimes even more.
But here's the conversation I think we're missing.
What does retirement actually look like for you?
Before I get caught up chasing a retirement number, I want to understand how much money I'll actually need to live and where my income will come from.
Will I have rental income? A pension? An annuity? Other sources of cash flow?
Will my mortgage be paid off? Will I still have the same expenses I have today?
Because if I've spent years paying down debt, building assets and preparing for retirement, my financial picture at 70 could look very different from what it does today.
I'm not saying retirement is inexpensive or that everyone can retire with less. Healthcare, inflation and unexpected expenses still matter.
But I am saying that retirement planning should be about more than reaching some number somebody told you to have.
It's about understanding your future lifestyle, expenses and income so you can make informed decisions about when you can actually afford to retire.

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Disclaimer: This content is for educational and informational purposes only and is not individualized financial, tax, legal or investment advice. Retirement needs vary based on income, expenses, healthcare costs, inflation and personal circumstances.

10/14/2026

I keep seeing people on social media telling business owners that wealthy people don't pay taxes, so they shouldn't either.
But here's what I want people to understand.
Just because someone with millions of dollars structures their finances a certain way doesn't mean that same strategy makes sense for you.
I'm a business owner. I pay myself a salary, and I contribute to my Solo 401(k) because I have to think about my own retirement.
I don't have another employer building that retirement for me. I'm responsible for making sure I'm financially prepared when I decide to stop working.
And that's why I get concerned when people take financial advice from social media without understanding the bigger picture.
The goal shouldn't simply be to pay the least amount of taxes today if it means making decisions that hurt your financial future.
There are legitimate ways to reduce your tax liability. But reducing taxes, paying yourself appropriately and building retirement savings should be part of a coordinated strategy.
Don't confuse what wealthy people can afford to do with what makes financial sense for your situation.

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Disclaimer: This content is for educational and informational purposes only and is not individualized tax, financial, legal or investment advice. Tax treatment, compensation requirements and retirement contribution eligibility depend on business structure and individual circumstances.

10/14/2026

If we looked at your finances today, would you be ahead, behind, or exactly where you need to be?

At 30, 40, 50, or 60, financial success looks different for everyone. But how do you know if you're making progress or falling behind?

Join us for Master Your Money as we explore financial milestones at every stage of life, including savings, debt, credit, investing, retirement, and building long-term wealth.

We'll discuss what financial progress really looks like, common mistakes that hold people back, and practical steps you can take to improve your financial future, regardless of your age or income.

Whether you're just getting started, rebuilding your finances, or preparing for retirement, this conversation is for you.

Your financial future isn't determined by where you are today, but by the decisions you make moving forward.

Join the conversation, bring your questions, and take control of your financial future!

Address

17017 John Michael Drive
Manor, TX
78653

Opening Hours

Monday 8am - 8pm
Tuesday 8am - 8pm
Wednesday 8am - 8pm
Thursday 8am - 8pm
Friday 8am - 8pm

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