Tax Planning for Income
5 Ways to Lower Your Federal Income Tax Burden No one wants to pay more in federal taxes than they have to. It’s as simple as that. Here are five strategies you should consider to keep more of your income during tax time. 1. Postpone Your Income to Minimize Your Current Income Tax Liability By […]
How to Protect Your Assets in Estate Planning
If you’ve worked hard to build your wealth, you’ll soon run into a major problem: protecting it from future potential creditors. We see clients more often than we’d like who neglected this problem and are hit out of nowhere with an accident, heavy healthcare costs, or missed bills. These events can be devastating if you […]
Strategies for Mutual Funds – Tax Strategies
In our previous blogs, we’ve covered timing and selection strategies. The last series of strategies to consider when investing in mutual funds is tax strategies. After employing time on your side and carefully selecting the best funds for your portfolio’s strategy, you want to look at strategies to avoid taxes, as this can greatly impact […]
Strategies for Mutual Funds – Selection Strategies
We covered timing strategies in the first section, but that’s only one key element to consider when investing inmutual funds. Selection strategies focus on using due diligence to select the best funds for your portfolio, ones that perform a role in the overall strategy you employ. Before investing in any mutual fund, carefully consider its […]
Strategies for Mutual Funds – Timing Strategies
It can be easy to buy mutual funds without doing your due diligence, such as with stocks. It may be wiser to assemble your portfolio so that each fund fills a specific role. Strategies for mutual funds fall into three categories: Timing Selecting specific funds Avoiding taxes Here we’ll go into each timing strategy so […]
Strategies to Defer Taxes
As Ben Franklin noted, the two inevitable forces of life are death and taxes. But just like you can use healthy habits to stave off the former, you can employ strategies to avoid the latter. One way to do this is to defer taxable income from one year to a later year to postpone payment […]
What is SECURE Act 2.0 and How Can It Affect Your Retirement?
This December, Congress passed the Securing a Strong Retirement Act, or SECURE Act 2.0, which includes some big changes in its sweeping 1,650 pages. Since we know no one wants to read 1,650 pages of Congressional writing, we’ve done the work for you and will broadly explain here how it changes the way Americans save […]
Hedge Your Concentrated Stock Position with Options
If you have a concentrated stock position but don’t want to sell, there are some options available to you. Options are contracts that allow you to buy or sell a stock at a predetermined price by a predetermined time. Before we explore the range of solutions available through using them, bear in mind that options […]
Managing a Concentrated Stock Position
In life, people say “don’t put all your eggs in one basket.” In investing, we use a big fancy term that means the same thing: diversify. Investors are told to spread their money across many stocks and indexes to protect against risk. This works to protect your money by limiting volatility and allowing your gains […]
Strategies for Cash Alternatives
Introduction Cash alternatives, often used to fund a cash reserve , can be a useful financial tool for investors because they provide a low-risk place to hold money until it is needed for a future purpose. Convenience is the principal benefit of cash alternatives. They typically pay a relatively low rate of interest, so their […]
