Tax-Smart Charitable Giving Our clients are generous, and their charitable giving reflects their generosity. We love the opportunity to help clients reach their philanthropic goals while using tax-smart charitable giving strategies whenever possible. 2020 has presented hardships for many people and non-profits are stepping up to help. However, many charities are struggling because of fewer…

Read More

How the SECURE Act affects retirement accounts Several tax code changes were enacted when the SECURE Act (Setting Every Community Up for Retirement Enhancement Act) took effect on January 1, 2020. We thought it would be more valuable to spare our clients the chore of perusing the 1,770 page document covering the entire bill and…

Read More

File now or in July? The recently passed CARES Act includes a provision to send stimulus checks to eligible Americans and their dependents. Eligibility for stimulus checks is based on your most recently filed tax return. If your Adjusted Gross Income (AGI) was high in 2018, defined here as over $75,000 for a single filer or…

Read More

Can I buy real estate in my IRA? You cannot buy a personal residence in your IRA but you can buy other properties. For most people, it is either not practical or not a good idea. Here a few of those reasons: If the rules are not followed properly and a “prohibited transaction” occurs, the…

Read More

Looking back and looking forward The turn of the calendar is a natural time to reflect on the past year and look forward to the new year. We work hard to make this a special place for clients and our team and in 2019 our efforts were noticed more than ever. It seemed like every…

Read More

Should I pay off my mortgage? One of the most common questions we get, especially as people near retirement is, “Should I pay off my mortgage?” From a purely conceptual standpoint it’s simple. If you can earn more on your money than you pay by borrowing, your net worth is better by NOT paying off…

Read More

WANT TO KNOW WHEN WE POST NEW MATERIAL?

As a Sanctuary From The Noise®, we only post information we believe timely and important to the long term financial success of our clients. Follow us to receive emails - no more than once a month - about new posts.

We keep your information private and make stopping our emails as easy as starting them.

Something went wrong. Please check your entries and try again.