News & Posts...
Home »
Moisand Fitzgerald Tamayo, LLC
Should I invest in rental real estate? Owning rental real estate and collecting income has great appeal to many investors, partly since rental real estate is often presented as easy money. For some, their perception about the experience further adds to their enthusiasm. We often hear statements like, “My dad did well in real estate,”…
Read MoreEvery day is Independence Day at Moisand Fitzgerald Tamayo At the heart of the meaning of the word “independent” is the concept that one is free from the control of another. When we say we are independent, that is precisely what we mean. The firm receives all of its income directly from clients. There is…
Read MoreSix common misconceptions empty nesters have about retirement We have been advising retirees and aspiring retirees for over 20 years. Recently a conversation occurred about what lessons retirees could teach aspiring retirees, especially those empty nesters who are zeroing in on retirement. What resulted from that conversation was a list of six common misconceptions…
Read MoreHow do I protect my portfolio against inflation? We pay more than double for most things we buy these days than we did 25 years ago. This loss of purchasing power, otherwise known as inflation, is a reality that investors must deal with prudently. Inflation is a fact of life. Inflation seems to be getting…
Read MoreWhat you do makes the difference One of the topics that comes up when we take on new clients is how they fared during prior market declines. The basic characteristics of their experiences are consistent, with differing degrees of fearfulness, anxiety, confusion, or other unpleasantness expressed. Each one of us was affected by COVID-19 in…
Read MoreThe lure of making a quick buck playing the markets is strong and has been tempting people for centuries. From the irrational prices and speculative frenzy over tulips in 17th century Holland to day trading tech stocks in the late 90’s, the temptation to speculate is irresistible to some people. It seems relatively harmless. When…
Read MoreWhat does the recent stimulus package include? The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTRA) aka “Coronavirus Stimulus 2.0” passed Congress on December 21, 2020, as part of the 5,000+ page Consolidated Appropriations Act of 2021. It extends and amends various expiring tax provisions and has a number of provisions that…
Read MoreFOR IMMEDIATE RELEASE Moisand Fitzgerald Tamayo Appoints Kevin McDermott, CPA as Tax Manager Will manage tax department of Orlando financial planning firm Orlando, February 10, 2021 – Moisand Fitzgerald Tamayo, LLC (MFT) announced today the appointment of Kevin McDermott, CPA to the position of Tax Manager. McDermott will join a team that prepares and files…
Read MoreWhy 2020 was remarkable, yet normal 2020 was a year we will long remember for its remarkable events. We were affected by a global pandemic, a hard shut down of the economy, civil unrest, and one of the more emotionally charged elections in memory. From our investment management perspective, however, 2020 did not present anything…
Read MoreTax planning for a Joe Biden presidency After every presidential election, attention turns to changes the new president wants to make to the tax code and how that may affect financial markets, as well as our clients’ specific financial situations and tax planning. With the results of the Senate still to be determined, uncertainty reigns.…
Read MoreCan Social Security be fixed? Despite the fears stoked during an election year, Social Security is not going away. However, there is a need to shore up the system’s finances because according to the latest report from the Social Security and Medicare Boards of Trustees, the trust fund that supports retirement benefits is expected to…
Read MoreTax-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 MoreHow can I protect my portfolio from a post-election drop in stocks? Concerned about how this election will come out? You are not alone. Unfortunately, the prevalence of negative campaigning can add to our angst and uncertainty. Fortunately, market history is clear – trying to maneuver a portfolio based on how an election proceeds and…
Read MoreHow 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 MoreWhat to expect in a stock market recovery There is an adage in sports, “Pressure is something you feel when you are not prepared.” While preparation does not eliminate all pressure, the sentiment holds truth. It is why coaches run drills and push players in practice. They do not want the pressures of competition to…
Read MoreCan I get money from my IRA tax free due to Covid-19? In response to the Covid-19 pandemic, the CARES Act changed several IRA and retirement plan rules for people of all ages. The Act allows qualified individuals to take distributions during 2020 of up to $100,000 penalty-free, but not tax-free, from their IRAs or…
Read MoreOrlando Financial Advisor firm, Moisand Fitzgerald Tamayo, Named a 2020 Best Places to Work for Financial Advisers by InvestmentNews Orlando – April 27, 2020 – InvestmentNews has recognized Moisand Fitzgerald Tamayo, LLC as a 2020 Best Places to Work for Financial Advisers. Moisand Fitzgerald Tamayo (MFT) was chosen for the second time as one of…
Read MoreDecision making in the face of uncertainty When markets rise or fall ten percent in a day and your account values oscillate by thousands of dollars along with those shifts, it is easy to become concerned about short term market behavior. Concern would be a perfectly normal reaction. However, what you do with your concern…
Read MoreFile 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 MoreWhy and how markets recover Why the stock market has always recovered Since cases of Covid-19 have spread and panic has struck financial markets around the world, we have repeatedly pointed out the simple fact that stocks have always recovered. Today, we want to provide background on why markets have always recovered and what those…
Read MoreCan 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 MoreLooking 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
Can I rollover mom’s IRA into my IRA?
Can I rollover mom’s IRA into my IRA? Only a surviving spouse may rollover a deceased’s IRA account into their own IRA. After the SECURE Act of 2019, most non-spouse inheritors whose benefactors die in 2020 or later have only one requirement – the inheritor must take all the money out of the Inherited IRA…
Read More