The past several weeks have been rough for investors. However, the increased volatility and market pullback has brought an opportunity to taxable accounts: tax-loss harvesting. What is Tax-Loss Harvesting? Tax-loss harvesting is when an investor sells a security to recognize capital losses and … [Read more...]
Rise of the Health Savings Account
Over the last several years I have witnessed a rise in Employer-offered High Deductible Health Care (HDHC) plans. A Health Savings Account (HSA) typically comes hand in hand with an HDHC offering. An HSA is Similar to a Flexible Spending Account (FSA). They both provide a means to pay for medical … [Read more...]
Costly Tax Return Mistakes and Oversights
As a financial advisor who provides holistic, comprehensive financial planning, I’m often reviewing tax returns and completing tax forecasts. Below are a few costly mistakes and oversights I’ve witnessed throughout the years. 1) Rental property is not being depreciated.It is not a requirement to … [Read more...]
Cash is NOT King
“Okay, so you’ve got a car, that don’t impress me much,” Shania Twain. Many of us have witnessed it. That couple with the huge house, nice car and latest electronics. Then one day, the gig is up. The car is repossessed and the house is foreclosed. Sometimes they see it coming, and other times … [Read more...]
WAIT… Don’t Prepay Property Taxes Yet!
Don’t prepay your property taxes until you read this! As a financial advisor and CFP® Practioner I’ve had numerous discussions in the past few weeks about prepaying 2018 property taxes in 2017. Time is running out, this strategy is picking up steam and homeowners are practically sprinting to … [Read more...]
