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Where you choose to buy a house is one of the biggest choices you’ll make in life. Below are 10 considerations when selecting your new neighborhood…
The current stock market rally presents opportunities for tax-gain harvesting. See below for details on this strategy…
5/23/2024 FDIC Insurance Limits to KnowThe Federal Deposit Insurance Corporation (FDIC) is an agency of the U.S. government that protects bank depositors against loss of their insured deposits if an FDIC-insurance bank or association fails. It’s important to know how your FDIC-insured funds are protected…
5/16/2024 Taxes on Roth IRA WithdrawalsRoth IRA’s have very specific rules in regard to the handling of taxes on withdrawals. There are several nuances to be aware of before taking distributions…
4/25/2024 Get Home Loan for Tax Deduction?We’re often asked “Should I get a home loan/mortgage for an added tax deduction?” While this question has many layers, most often the answer is that you should not. We dive in deeper below…
For tax purposes, donations are essentially grouped into two categories: 1) Monetary 2) Non-Monetary (property). Each are handled differently when it comes to your tax return reporting…
3/7/2024 What To Do When Missing a W2It’s tax time, so you’re no doubt scrambling to put together all your tax forms. But what do you do if your employer has yet to provide your W2?
2/29/2024 Strategies for Limiting RMD’sOnce you reach age 73, Required Minimum Distributions (RMD’s) must be accounted for with certain retirement plans. Below we detail a few ways to limit your RMD’s…
12/18/2023 Home Loan Limit ChangesHome prices have continued to climb, and so with that comes another increase in maximum conventional loan limits. See detail below…
11/23/2023 Good Time for Long-Term CD's?With the FED raising rates considerably over the past 2 years, saving accounts and CD yields have climbed right alongside the FED Funds Rate. But with the FED signaling an end in sight, is now the time to lock in these higher rates on your surplus funds?
11/16/2023 PayPal & Venmo 1099 Changes, AgainLast year we wrote this article detailing the American Rescue Plan Act changes to reporting requirements for payment apps like Venmo, PayPal, etc. However, in late 2022, these requirements were delayed to 2023. And now, there’s been an additional delay…
10/19/2023 Inflation On The Rise…Again?Inflation has been a major economic concern over the past couple years and the FED has been raising rates ever since fears surfaced. But with recent inflation reports, are rates still going to be going up?
When most people think of investing, they immediately turn to their employer 401k, or maybe IRA accounts. But are there better options?
10/5/2023 Strategy to Limit Taxes on RMD'sRequired Minimum Distributions (RMD’s) can create an unwanted tax burden. Tax law requires you distribute a certain amount of funds from retirement accounts like 401k’s and IRA’s in the form of RMD’s. If you don’t necessarily need these funds, or are in a high income year, this can be a bummer. There are some strategies to help with this, and we discuss one below…
9/7/2023 The Best Time to Redeem I-BondsPreviously, we wrote abut the benefits of I-Bonds in an inflationary economic environment. So when is the best time to move your funds away from I-Bonds?
8/24/2023 IRS Ends Unannounced VisitsAs part of the overall effort to transform IRS processes and procedures, some large changes are being made…
8/4/2023 Housing, Inventory & AffordabilityDespite home borrowing costs revisiting the highs seen in November 2022 and even reverting to highs seen back in 2001, housing prices continue to elevate…
7/20/2023 Pay Less for Your CarOver the past several years, it has made sense to finance your vehicle purchase since interest rates were so low, and at times rates were 0% or near zero…
7/13/2023 Your #1 Financial PriorityThere are many different aspects to your finances. All are important. Some are more important than others. So what should be your #1 priority when it comes to finances?
6/22/2023 Rate Hike PauseAt its June 14th meeting, the FED kept the federal funds rate at the current 5.0% - 5.25% levels. This pause ended the FED’s streak of 10 straight rate hikes, dating back to March 2022…
This may be one of the most important articles we’ve ever written. That’s because when it comes to retirement, your distribution strategy is every bit as important as your contribution and investment strategy…
6/8/2023 Life Insurance TaxationUpon the passing of a loved one, you may be in a position to receive a death benefit on a life insurance policy. It’s important to know the possible tax implications…
5/18/2023 AMT ExplainedAlternative Minimum Tax (AMT) is a complicated topic in the tax world. While few taxpayers are snagged by AMT these days, due to recent adjustments in the trigger amounts, it still pays for you to understand certain specifics…
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