Posts Tagged ‘texas’
Optimize Your Retirement Contributions in 2019
Do you know how to invest for tax savings? Different investment vehicles have different tax benefits. For instance, Health Savings Accounts (HSAs) have a triple tax advantage – they are tax free when you add money to the account, make withdrawals and grow without taxes on interest. This article will teach you about how to…
Read MoreKeep 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 More401(K)s Can Augment Your Retirement Plan
Record Highs in 401(K) Contributions Retirement accounts in the U.S. reached record highs by the end of 2018’s third quarter. The average account balance was $106,500 for 401(k) plans, and the number of 401(k) millionaires in the U.S. increased to 187,400, up 41 percent from 2017. This trend may continue, because of an increase in 2019…
Read MoreJanuary 2019 Market Update
2018 Market Review1 Last year was a little bumpy for markets near the end of the year. This excerpt from How Every Asset Class, Currency, and Sector Performed in 2018 by Jeff Desjardins at Visual Capitalist sums up 2018 really well: “We’re only a few days into 2019, but it appears markets have picked up…
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 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 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 MoreWE WON BEST INVESTMENT FIRM IN AUSTIN!
Austin First Financial is the parent company of The Retirement Instructor. I founded Austin First Financial, Inc in 1999 to aid Austin residents with their retirement planning. Since then, The Retirement Instructor was founded for my adult education classes. The Austin American Statesman & Austin360 polled the Austin community and they discovered that Austin First…
Read MoreScott Campbell, RICP is a FiveStar Wealth Manager
View this post on Instagram I was recently featured in Texas Monthly as a FiveStar Best in Client Satisfaction Wealth Manager. No self nominations were accepted and only SEC compliant advisers were considered. This is my fifth year receiving this distinction and it’s truly an honor! #austin #austintx #atx #texas #wealthmanager A post…
Read MoreComplimentary Access to Our Powerful Portfolio Monitoring System
Portfolio Monitoring Software Reduces Your Investment Risk If you’ve been investing in market-based securities, you probably understand how important market risk is. Not all investments are tied to the market, but any that you do have will face the risk of devaluation during the term of your investment. You can mitigate this market risk by…
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