How are my capital gains taxed?
Tax returns are complicated. To add to their complexity, investment income generated by stocks, bonds, and other investment assets may be taxed differently than your other sources of income....
How do I avoid falling for scams and protect my finances?
It is challenging to identify scammers to avoid falling for scams. Financial scams are on the rise each year with the holiday season being one of the most active times for criminal activity. In...
What is a donor-advised fund and how can I use one while bunching charitable contributions?
In our Q&A last month, we discussed bunching charitable contributions as a potential strategic option to lower your tax bill. Bunching contributions involves making multiple years’ worth of...
How can bunching charitable contributions lower my tax bill?
Since 2017, taking the standard deduction has truly become the standard. In fact, since the passage of the Tax Cuts and Jobs Act (TCJA), over 85% of Americans opted to take the standard deduction...
Are my social security benefits subject to income tax?
Did you know that a portion of your Social Security benefits may be subject to income tax? This occurs when your modified adjusted gross income (MAGI), plus 1/2 of your benefits, exceeds specified limits.
Is now a good time to buy gold?
Gold has long been a popular choice for investors seeking stability and diversification in their portfolios as the commodity has historically been used to hedge against economic uncertainty and...
What IRS services are available online?
As part of the Inflation Reduction Act passed by Congress in August 2022, the Internal Revenue Service (“IRS”) recently released its plan for the nearly $80 billion in additional agency funding. A...
Should I be concerned over the current debt ceiling debate?
The fight over the debt ceiling has been dominating news cycles lately. Understandably, this has created concern among many of our clients and spurred a variety of questions about our expectations...
Our team of wealth management advisors, retirement planning advisors, and tax advisors regularly write articles to answer frequently asked questions (FAQs). These articles cover topics spanning our comprehensive service offering. You can view these articles by scrolling to the bottom of each page and toggling right or left.
Examples of topics our articles cover include: definitions for the different types of power of attorney, the roles of both dividend-paying stocks and fixed income stocks in a portfolio, information on 529 college savings plans, etc. Contact our team if you have any questions regarding our articles and how they relate to your investments.
Furthermore, our goal is to shed light on complicated topics related to wealth management. We hope that by doing so, you can spend less time worrying about your finances and more time making memories. Please send us a note through our contact form if you have suggestions for future articles. We hope you find these articles insightful and educational. Your feedback is always appreciated.
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