During last month’s blog, The Ultimate Mid-year Tax Planning Guide for 2021, we detailed the considerations you should be proactively monitoring to set yourself up for a successful 2022 tax season. The purpose of this blog is to expand the mid-year considerations beyond taxes and into the other areas of your financial life.
With the halfway point of the year quickly approaching, now is a great time to start focusing on mid-year tax considerations. While it probably feels like you just filed your 2020 return, setting aside some dedicated time for mid-year tax planning can help you save on your 2021 tax bill and eliminate surprises when it comes time to file next year.
In the realm of retirement planning, there is a lot of information out there that can cause uncertainty or confusion in the years leading up to that big day of retirement. Regardless of what you know or what you have read, we believe you deserve to walk into that last day of work with confidence for your future.
Developing the right savings strategy for retirement can be a confusing process. After working with clients for several decades, we've found there is still a tremendous amount of mystery around where people should be saving. More importantly, understanding the general tax treatment for the savings vehicles they rely on to help them reach their retirement goals.
It’s hard to believe a year has passed, but we are now looking through a more hopeful lens as vaccines are being distributed. Even so, many Americans are still facing real struggles from the pandemic. In response, the $1.9T American Rescue Plan was passed to offer fiscal relief and economic stimulus.
A very common question those approaching retirement ask is “what changes should I make to my investment portfolio, and when”?
Medicare is something that impacts millions of seniors every year and is understood by few. There are many layers to Medicare and important decisions that need to be made. Retirees (as well as those working past age 65) are left to educate themselves to make the best health care choices for their situation.
Financial Advisor, Financial Planner, Wealth Advisor, Wealth Manager, Wealth Planner are a few of the job titles investors are forced to decipher while they search for a professional to oversee their life savings. What services do they offer? What are their credentials? What approach will they take to managing my investments? These are just a few examples of the important questions that need to be answered before agreeing to enter a relationship with an advisor.
Warren Buffett was on CNBC last week just as the market rout due to coronavirus concerns was escalating. Asked about the situation, his advice for investors was timely:“Don’t buy or sell your business based on today’s headlines.”
Stocks sell-off. It is an inevitable, even healthy feature of stock markets. Currently, markets are moving lower due to fears that the Coronavirus will slow down the global economy.