Below you'll find a list of all posts that have been categorized as “Uncategorized”
Real estate can be one of the most rewarding long-term investments—but selling it can also create one of the most complex tax events in your financial life. Whether you’re cashing out of a long-held rental property or downsizing your family home before retirement, the tax consequences and financial planning implications deserve thoughtful attention. Taxes on the Sale of Your Primary …
Taxes are one of the most overlooked threats to investment performance. While market fluctuations and fees get most of the attention, capital gains, dividends, and interest income can quietly chip away at your returns year after year—especially if your portfolio isn’t structured with tax efficiency in mind. The Hidden Cost of Tax-Drag Even a well-performing portfolio can underdeliver if it’s …
As 2025 approaches, high-income earners find themselves at a critical tax planning crossroads. The pending expiration of key provisions of the Tax Cuts and Jobs Act (TCJA) means that many favorable tax strategies may disappear by January 1, 2026. For those with substantial incomes, business interests, or complex financial lives, the time to act is now. When your marginal tax …
OK! Let’s talk about IRS letters and decipher the mysterious jargon that comes with them. If you’ve ever received a letter from the IRS, you know how nerve-wracking and confusing it can be. The language is often filled with jargon and confusing terms that make your head spin. But fear not, my friends! This blog post is here to help …
It may be a wise financial choice. It may be a good idea for a woman to retire later rather than sooner. Leaving the workplace after 65 may help position a woman for slightly greater retirement income and reduce some of the pressure of funding her “second act.” Women tend to receive smaller Social Security payments than men. This doesn’t …
Creating a solid financial foundation can help investors stay focused no matter how the markets are performing. When the markets and the economy are behaving badly, as they tend to do from time to time, it’s easy to feel helpless. But creating a solid financial foundation can help you gain control of your investments and possibly avoid mistakes that can sabotage …
With the Department of Labor’s proposed changes, a lot of firms have changed the way that they do business. This is in theory is a good thing, as financial advisors now must act in a Fiduciary capacity. In other words, they should put the client’s interests before their own. Ironically, there has been an untended consequence for some: the lack …
A river cruise in Europe. RVing the lower 48 states. Scuba diving in Bali. Spending the night on the ice in Antarctica. Yes, that Antarctica. I have a client did it. It was something that she always wanted to do. Where do you want to go? What do you want to do? Can you visualize what it would …
You’ve worked long and hard to accumulate your retirement assets that you are using to help finance your retirement. Now, it’s time to start drawing down those assets. Exactly how you liquidate your assets will affect your tax and impact how long those assets last, so it pays to plan a withdrawal strategy that is efficient and maximizes the benefits …
Marriage affects your finances in many ways, including your ability to build wealth, plan for retirement, plan your estate, and capitalize on tax and insurance-related benefits. There are, however, two important caveats. First, same-sex marriages are recognized for federal income and estate tax reporting purposes. However, each state determines its own rules for state taxes, inheritance rights, and probate, so …
