Financial Advising
Keep The Tax Credit for Charitable Gifts
Ever since the Tax Cuts and Jobs Act (TCJA), many taxpayers have shown concern about losing tax breaks for charitable contributions. However, with the right plan, taxable entities can still benefit from donations. New law increased the standard deduction to $12,000 for individual filers and $24,000 for married households filing jointly. This increase, plus the…
Read MoreRetirement Planning Challenges for Women
Despite the prominence of women in the workforce for the past several decades, there still exist income disparities and modern glass ceilings. According to Brookings Institute: “large gaps remain between men and women in employment rates, the jobs they hold, the wages they earn, and their overall economic security.”1 The U.S. Department of Labor recognizes…
Read MoreNew Client Guide- The Retirement Instructor
We Want Your Retirement to Be Seamless As president of The Retirement Instructor, I know for a fact that we are doing our best to streamline your retirement. That’s why we have so many complimentary financial softwares and services for your to choose from. This article will help you to understand the available tools at…
Read MoreCaring For Elderly Parents in Retirement
Care-Giving During Retirement Can You Afford to Take Care of Your Parents? According to the Center for Retirement Research at Boston College, it is now common for people in their 60s and 70s to be caring for a parent in their 90s or older. 10% of adults between the ages of 60 and 69 with…
Read MoreHow We Protect Your Financial Security
Recent Increase in Cyber Attacks Over the past few months, the financial industry has experienced an increase in fraudulent attempts to gain access to client data, through false disbursement requests. In fact, cyber attacks are now considered one of the largest risks to financial markets in 2019. To keep pace with the times, we have…
Read MoreDon’t Forget Required Minimum Distributions (RMD’s)!
What Are Required Minimum Distributions (RMD’s)? When you reach the age of 70 & 1/2, Uncle Sugar (The IRS) mandates that you take a minimum withdrawal from your tax-deferred retirement accounts. Why? So he can potentially tax that money! In the year you turn 70 & 1/2 years old, you must withdraw the specified amount by…
Read MoreHistorical Data May Indicate Future Recession
In U.S. History, We Have Experienced Many Market Recessions: Causes varied greatly and could often be tied to contractionary monetary policy, instituted to reduce inflation. “Contractionary policy refers to either a reduction in government spending, particularly deficit spending, or a reduction in the rate of monetary expansion by a central bank. It is a type…
Read MoreNew Tax Policy Could Increase Your Taxes in 2018
The Tax Cuts and Jobs Act of 2017 The Tax Cuts and Jobs Act of 2017 reduced federal income tax liability for some, but not all Americans. Wealthy residents of California, New York and other high-tax states could face a higher tax bill, when they file their 2018 return.1 Effects on 2018 Tax Filings: Cuts…
Read More4 BIG Mistakes People Make: Retirement Planning
Retirement is supposed to be a fulfilling and rewarding chapter of your life — but it can feel less than relaxing if it’s not well planned for. To ensure you’re able to live comfortably in life’s next chapter, start planning early and take advantage of technology to help you monitor your success. Here are four…
Read MoreWhen Do You Need a Financial Advisor?
Major Life Events Are Financially Complex You might think that you only need a financial advisor for retirement or investment questions, but there are a number of common situations that necessitate complicated paperwork and financial decision making. Rather than do everything yourself, sometimes the best way to get things done correctly is to seek financial…
Read More