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Monday, May 27, 2024

Net investment income tax (NIIT), also affectionately known as the ‘You-Make-A-Lot-of-Money Tax,’ involves the net investment income of individuals, estates, and trusts. According to the Wall Street Journal, more Americans than ever...

Monday, May 20, 2024

Divorce, while an emotionally taxing experience, also comes with several financial implications that, if not properly managed, could result in long-lasting financial strain. It's essential to understand these hidden costs to...

Monday, May 13, 2024

The Inflation Reduction Act of 2022 included two provisions allowing rebates for home energy efficiency retrofit projects and home electrification and appliance projects. These home energy rebate programs are to be administered by...

Monday, May 6, 2024

Estate planning can be daunting for many families, especially those with significant wealth and assets. However, a strategy such as a Family Limited Liability Company (FLLC) may help ease concerns while offering various benefits for...

Monday, April 29, 2024

After there’s been a lot of talk about a so-called soft landing, i.e. successfully bringing down inflation towards its target without plunging the economy into recession, the U.S. economy’s continued strength along with some...

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Friday, April 26, 2024

The components in the consumer price index, their weighting and how they are calculated is continuously debated in economics circles. So, when I listened to an interview on Bloomberg radio recently, the following caught my attention....

Friday, April 19, 2024

For real estate investors eyeing opportunities, 2024 could mark a pivotal moment in the market, according to insights from Cohen & Steers, a renowned asset manager with decades of experience in real estate investment. As the commercial...

Friday, April 12, 2024

In the realm of estate planning, the ripple effects of our oversights often linger long after we're gone, impacting the lives of those we leave behind. It’s the uniqueness of this area of planning that makes it paramount to get things...

Monday, April 8, 2024

As a small business owner, your employees are the heart and soul of your organization. Many entrepreneurs understand the importance of a diverse, inclusive workforce and the benefits it brings, not just to the business, but to the...

Monday, April 1, 2024

Americans donate billions to charity annually. If you give to charity, you need to know about one of the best tools to facilitate generosity: Donor-Advised Funds (DAFs). DAFs date from the 1930s but did not become popular until the...

Monday, March 25, 2024

In the complex landscape of healthcare coverage, individuals often find themselves navigating the options of private and public health insurance. While public plans, such as Medicare and Medicaid, are funded and administered by the...

Monday, March 18, 2024

The federal income tax filing deadline isn’t until April. However, the start of tax season is nearly upon us. Here are some tips for navigating the tax filing process to help lessen some of the stress you may feel as Tax Day...

Monday, March 11, 2024

Approximately 60 million workers contribute to a 401(k)-retirement plan. A 401(k) is a tax-advantaged retirement savings plan companies offer employees and is funded through elective salary deferrals. There are several benefits to...

Monday, March 4, 2024

Credit card debt can be a daunting challenge for anyone, but it may also be burdensome for a specific demographic exhibited in the acronym HENRY - high earner, not rich yet. HENRYs, often characterized by high incomes, may experience...

Monday, February 26, 2024

If shopping and spending are one of your past times, this article may be for you. First, nothing is wrong with being a steady spender or a shopaholic; if the bills are paid, you’re saving for retirement and have a fully-funded...

Monday, February 19, 2024

In an unprecedented turn of events, the hallowed halls of the United States House of Representatives reverberated with historical significance as members of Congress voted to oust Speaker Kevin McCarthy from his position. This landmark...

Monday, February 12, 2024

Behavioral science research shows that most people left to their own devices are below-average investors.1 The reason for this is that it is easy to make poor decisions based on emotion, such as: Selling a stock that has dropped in...

Monday, February 5, 2024

You may have envisioned retirement as a second childhood—a time to relax, enjoy yourself, and devote your time to your favorite hobbies. Unfortunately, worry-free retirement is not the reality for some. Challenges from stock...

Monday, January 29, 2024

During turbulent financial times, having a financial emergency plan might provide you with a proverbial life preserver. Whether it is an emergency fund to help you tackle an unplanned expense, insurance to cover an unexpected accident...

Thursday, January 25, 2024

he S&P 500 was up around 15% in the last eight weeks of 2023 as the rally broadened out. This was fueled by a combination of better-than-expected economic strength and lower interest rates. In my opinion, the direction of inflation going...

Monday, January 22, 2024

Family Enterprise USA (FEUSA), a non-profit organization dedicated to promoting and supporting family-owned businesses in America, has recently conducted a comprehensive survey among family businesses in the country. The Family...

Monday, January 15, 2024

When should you file your income tax? Generally speaking, the earlier, the better, after January 1st if you expect to get a refund. If you file by the end of February, you should receive your check within six weeks. But, if you delay...

Monday, January 8, 2024

The Solo 401(k), also known as the Individual 401(k) or Self-Employed 401(k), is a retirement savings plan designed specifically for self-employed individuals, freelancers, and small business owners. This unique retirement account has...

Monday, January 1, 2024

 Running a business requires gaining expertise in many things over a short period—especially financial matters. If finances do not come naturally to you, you may quickly feel like you are in over your head. Fortunately,...

Monday, December 18, 2023

Consumer spending accounts for about two-thirds of U.S. gross domestic product (GDP), so it plays an outsized role in driving economic growth or slowing it down.1 For the last 18 months, U.S. consumers have kept the economy strong...

Monday, December 11, 2023

Whether you are just entering your golden years or are already several years in, setting goals to stay on track and maintain your health, happiness, and finances is essential. So why not use the New Year's holiday to turn these goals...

Monday, December 4, 2023

Retirement seems like a long way off, but it arrives faster than you think. The big question is, are you ready? What exactly does retirement entail? Analysts suggest there are four designated phases of retirement that a person often...

Monday, November 27, 2023

As the name implies, elder law attorneys focus on protecting the legal rights and financial security of the elderly. This includes ensuring health care coverage such as Medicare and Medicaid, and preparing wills, powers of attorney,...

Monday, November 20, 2023

A donor-advised fund (DAF) is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. The benefits of DAFs extend beyond their primary...

Monday, November 13, 2023

In an interconnected world, global geopolitical events have an undeniable impact on financial markets. From political unrest to trade disputes and natural disasters, these events can create uncertainty and volatility, leaving investors...

Monday, November 6, 2023

You may have thought your digital identity was safe and not a likely target of a cybercriminal until one day, the bank calls wondering if purchases made at a store that you have never been to, 2,000 miles away, were made by you. Every...

Tuesday, October 31, 2023

Whether you are preparing to take your required minimum distribution (RMD) from a retirement account this year or are looking for ways to make the most of your charitable donations, you may be wondering whether a Qualified Charity...

Monday, October 23, 2023

The days are long gone when nonprofit boards were made up of large donors who expected that little more would be asked of them beyond socializing at the occasional fundraiser. Being a board member can be as demanding and rewarding as...

Monday, October 16, 2023

Overview For many affluent individuals, occasional gifts to a favorite charity may satisfy their charitable inclinations. The added incentive of an often substantial tax deduction, coupled with various estate planning benefits, is...

Monday, October 9, 2023

What is a charitable lead trust? A charitable lead trust is a trust with both charitable and noncharitable beneficiaries. It is called a lead trust because the charity is entitled to the lead (or first) interest in the trust property,...

Monday, October 2, 2023

Venture Philanthropy While it may have gained increasing interest in recent times, especially as more investors look for ways to support causes that resonate with them, the idea of venture philanthropy is not new. In 1969, John D....

Monday, September 25, 2023

Each year, Presidents' Day is celebrated on the third Monday in February, paying tribute to George Washington, Abraham Lincoln, and the other U.S. presidents who helped create this country and allowed it to thrive. But while the...

Monday, September 18, 2023

In recent times, investor expectations have shown a concerning trend of becoming detached from the realities of the market. The focus on technology and artificial intelligence (AI) has largely kept investors engaged and buying,...

Monday, September 11, 2023

The headline U.S. unemployment rate fell from 6.7% at the end of December 2020 to 3.9% in December 2021, marking the biggest one-year improvement in history.1 While many workers took advantage of this strong rebound in the job market,...

Monday, September 4, 2023

Recent market news — around social-media driven stock trading that created extreme price swings for shares of certain companies— may have you wondering whether you should jump into the excitement. Before you leap, you might...

Monday, August 28, 2023

Retirees often have the time, freedom, and desire to explore new destinations and make the most of their golden years. With careful planning and attention to detail, senior travelers can work towards preparing trips that are safe,...

Monday, August 21, 2023

If you've lost your job, or are changing jobs, you may be wondering what to do with your 401(k) plan account. It's important to understand your options.What will I be entitled to?If you leave your job (voluntarily or involuntarily),...

Monday, August 14, 2023

A new study of the 76 largest cities in the United States has revealed that a $100,000-a-year salary, long considered a benchmark of financial success, may not be enough to support a comfortable lifestyle after taxes and the rising...

Monday, August 7, 2023

As retirement approaches, many older adults consider downsizing their home as a way to simplify their lives, reduce expenses, and focus on what truly matters.While the process can be emotionally and physically challenging, it can also...

Monday, July 31, 2023

Financial capacity – the ability to manage your finances in your own best interest – involves everything from paying bills to reading a brokerage statement and weighing an investment's potential risks and rewards. And...

Monday, July 24, 2023

Mutual funds have been one alternative for many investors seeking professional money management. But when you buy shares of a mutual fund, your assets are pooled with those of other fund shareholders. You gain professional money...

Monday, July 17, 2023

In today’s volatile stock market environment, tax efficiency management is used to harvest losses and adjust assets in portfolios. For example, when an investor is reaping long-term gains, paring losses can reduce their tax...

Monday, July 10, 2023

You can learn a lot from those who have come before you. For individuals interested in investing, especially those new to it, learning and applying the wisdom from people that have found techniques that worked for them is a great...

Monday, July 3, 2023

As an investor, it's important to keep a close eye on the stock market indicators. Currently, the indicators are showing a concerning trend that investors should pay attention to.The stock market has seen a rally in big tech stocks...

Tuesday, May 9, 2023

First blog post. Enjoy.