In the real estate world the old adage for success is “location, location, location,” the mantra in the investment world is “diversify, diversify, diversify!” Because events are changing daily, it’s too soon to predict how the Coronavirus pandemic will change financial decision-making in the future, but it seems likely to serve as a reminder of...
The black hole sucking the life out of the equity markets is mind-boggling. Over the last few weeks we have seen lows that have rivaled some of the biggest declines in modern times, and some astonishing (though short-lived) highs due to Coronavirus. Times like these call for a strategy named “tax loss harvesting,” which helps...
Dealing with the death of a loved one is difficult, and navigating the tangled web of estate tax, probate, and disposition of assets can be overwhelming. Many Fuoco Group and TFG clients have asked if they inherit a home do they qualify for the $250,000 / $500,000 home sale tax exclusion? The answer may be...
A recent New York Times article laments that most families lack enough savings for emergencies. We all grew up hearing that it was good sense to “put something away for a rainy day.” Do you know how much that should be in reality? Some financial advisors say 6 weeks and some say 6 months! The...
The return of the dreaded tax season is here. On the one hand we hate that Uncle Sam once again has his hand in our pocket, but on the other side of the coin, tax season is the perfect time to review what was done in the past and learn from mistakes – it is...
