Often we hear about the tax loopholes that millionaires and billionaires are taking advantage of while the average Joe is left holding the bag. This is generally a mischaracterization, as these millionaires and billionaires are subjected to the same tax code as the rest of us. They simply take advantage of the tax code either […]
Tax-Loss Harvesting: The Tax Loophole You Are Missing Out On Read More »
With Tax Day falling on my blog release date, I decided to write something a little different. While the aim of most of my blogs is educational, the primary goal of this is to be humorous. I hope you enjoy An Ode to Tax Day: A Poem On April 15th, or the nearest business dayWe
Asset allocation and asset location are two very important aspects of your financial plan. The goal of asset allocation is to divide your investments into different asset classes, creating a diversified portfolio that balances risk and return. On the other hand, asset location refers to the specific accounts in which you hold your investments, such
Asset Location vs Asset Allocation: What’s the Difference Read More »
If you are like most people, you are probably confused by the concept of Roth conversions. In this blog post, we will take a look at what Roth conversions are, why they can be beneficial to your overall retirement plan, and how they work. What is a Roth Conversion? Simply put, a Roth conversion is
The Basics About Roth Conversions Read More »
With all the noise that exists about investing, it is difficult to have any confidence in what the correct solutions are for your investments. While there are almost limitless options regarding the different types of investments (some obviously better than others), this week we are focusing on Class A Share Mutual Funds. A-Share Mutual Funds
A-Shares: An Antiquated Investment Read More »
A Harris poll in 2017 found that 60% of respondents had no idea how much in fees and costs was associated with the financial advice they were getting. This is for good reason as the financial industry has intentionally made it difficult to understand how much you are paying. I have found in talking with
How Much are You Paying for Financial Advice? Read More »
From 2019 to 2021 SVB’s deposits tripled from $61.76 Billion to $189.2 Billion. As I am sure you are aware, when you deposit money into a bank, they in turn take your money and invest through lending that money out. However, in SVB’s case, the influx of cash from 2019-2021 happened so quickly that they
Silicon Valley Bank Closure Explained Read More »
Spring is in the Air There was some beautiful weather over the weekend. Things are starting to warm up and signs of spring are starting to manifest themselves more and more. Personally, I’m not much of a cold weather fan, so these signs of changing seasons have put a little extra spruce in my step.
We’re Not Raising Grass, We’re Raising Kids Read More »
Like many of you, I have been a victim of procrastination…ok, obviously victim is not the right word. There have been times where I have struggled to prioritize my time appropriately. I have been guilty of putting important things off until the last minute….and if you are wondering, yes, the idea for this blog came
The second most important Q acronym (behind QED of course 😊) that all retirees should be familiar with is QCD. QCD stands for Qualified Charitable Distribution. It is a provision in the tax code that allows for distribution from your tax deferred retirement account to go directly to a qualified charity. This may be the
What is a QCD and Why Almost all Retirees Should Know? Read More »