Tax Loss Harvesting Explained
Take advantage of LOWERING your taxable income for the year through tax loss harvesting… This technique can be used on taxable non-qualified brokerage accounts. There are two ways in which you can…
The Power of Compound Interest
The Power of Compound Interest... Compound interest is basically interest that grows on interest of the accumulated principal in a savings account. The “power” of this concept is that the money in…
Year End Tax Planning Tips
As the end of 2022 is approaching, you should be aware of the different options available to you and how to ultimately decrease your 2022 tax bill. Reducing your taxable income…
Retirement Savings Accounts: Pre-Distribution Phase
What you should know Investing closer to retirement… Investing your money in preparation for retirement is much different than investing your money during your working years. Pre-retirees/retirees investments should be more aligned…
The difference between TAX DEFERRED accounts and TAX FREE accounts
Would you rather pay on the seed or the harvest? The advantage of paying on the seed is you know what the price will be. The disadvantage of paying on the…
The “Pyramid of Risk”
Designing an investment portfolio based upon age… When it comes to investing, age is a critical factor. The money cycle (as mentioned in previous posts) is based heavily on the…
Why you SHOULD invest in a Roth IRA TODAY
Attention ALL Roth IRA fans… Money grows tax deferred and comes out tax free while not subject to required minimum distributions 2023 may be your best chance to invest in a Roth IRA. As…
How to take advantage of the IRS tax code
Did you know that your 401(k)-retirement savings plan is named after the IRS tax code “26 U.S. Code § 401”? This written tax code allows you to save money for…
The Money Cycle and the importance of the “Preservation Phase”
The PRESERVATION PHASE is the phase in your life where liquidity and safety of your money is most important. This phase usually begins when you are no longer working and…
The Money Cycle
You are currently experiencing the money cycle and you may not even know it… The average person goes through three phases in their lifetime. It includes Accumulation, Preservation, and Distribution phases. The…