Teaching Financial Literacy to Your Kids or Grandkids
Weekly Update – 4/12/23 As an adult, you may have had tough learning moments when it comes to financial management. It could have been when you failed to pay your rent on time or got too deep in credit card debt. To keep your children or grandchildren from making the...
Should You Engage in Tax-Loss Harvesting?
Weekly Update – 3/29/23 If you’ve ever asked yourself, “what if there’s a way to reduce the taxes I owe when I sell stocks or rebalance my portfolio?” then you should know about the tax-minimization strategy called tax-loss harvesting. It’s important to know exactly...
How Taxes Work on Social Security
Weekly Update – 3/22/23 You may not know it, but Social Security income is taxed! However, your tax burden isn’t simply a gross income tax, and there are unique factors that dictate your tax rate and overall tax liability. First, not all Social Security income is...
Striking a Balance Between Tax and Income
Weekly Update – 3/15/23 In retirement, it’s not about receiving as much income as possible. During your working years, it might be, but when you’re the one paying yourself, it’s important not to turn your hard-earned savings into a large pile of income that’s taxed at...
Planning Your Investments? Think About Tax
Weekly Update – 3/8/23 Thinking about investment strategy may conjure thoughts of stock trading, ticker symbols, brokerage accounts, and investment thesis. But one of the most important factors in developing an investment strategy is the tax aspect. There are several...
Don’t Wait Until the Tax Filing Deadline: April 18, 2023
Weekly Update – 3/1/23 Don’t wait until April to prepare your taxes! Tax filing preparation is an important process for individuals and businesses. It is the process of gathering, organizing, and submitting tax documents to the relevant tax authorities. The importance...