Financial Planning & Strategy
How will taxes change after the election?
How will taxes change after the election? Finally, the election is over! The Republican party won most seats in both the Senate and the House of Representatives, and their nominee will occupy the White House. With much of the election rhetoric focused on taxes, is it right to wonder what this Republican sweep means for…
Read MoreWill higher taxes hurt stocks?
Will higher taxes hurt stocks? The proposal to raise taxes in some capacity arises in every election. Candidates for the White House are typically the most vocal about what changes they would make to the tax code if elected. It is important to remember that regardless of who wins the presidency, the president does not…
Read MoreWhat is gain harvesting?
What is gain harvesting? “Gain harvesting” refers to the practice of selling a holding for a gain in a taxable account, triggering a taxable event, and immediately buying the holding back. The strategy is not applicable to retirement accounts, tax-deferred accounts, and all types of IRAs. Say you own a holding worth $25,000 that you…
Read MoreNon-financial questions to consider before retirement
Non-financial questions to consider before retirement The decision to retire is clearly predicated on one’s financial situation. We’ve been helping people retire for a few decades now and have noticed that those who thrive the most during retirement are those who periodically contemplate non-financial issues in addition to crunching numbers. Borrowing from research and journalism,…
Read MoreThe election and your investments
The election and your investments The season many in our county dread is upon us. Even though most often no damage will occur, it’s hard to stop ourselves from wondering if this will be one of those times when our lives will be altered by outside forces. We’re not talking about hurricane season – although…
Read MoreWhen does the 60-day period for IRA rollovers start?
When does the 60-day period for IRA rollovers start? Today’s question comes from Mike in Celebration, FL. “I want to do a rollover from one IRA to another. I read I have 60 days to get it done but no one mentions when that 60-day rollover clock starts. Is it when the check is cut…
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