Annuities are not short-term investment strategies, and will work best for those whose goals are long-term financial security, steady income stream during retirement, and principal preservation. After the Great Depression, folks worried that stock market volatility would threaten their retirement savings and so annuities became popular. Today, pension plans are less common so many retirees...
Financial Advisors and clients should discuss Social Security filing strategies as part of a coordinated approach to maximizing retirement income. Social Security is not as easy as you think, and a single mis-step can cost you! There are two thousand, seven hundred and twenty-eight rules in the Social Security Handbook covering provisions of the Social...
The possibility of higher capital gains rates has fueled interest by investors in Qualified Opportunity Zone funds. Investment is incentivized by a deferral of capital gains that otherwise would be reported in the year they were realized. With the tax recognition deadline of December 31, 2026, still in place, taxpayers who wish to invest unrecognized...
Valuable tax planning opportunities exist if you anticipate potential tax changes and take advantage of what’s still available under the Tax Cuts and Jobs Act, CARES Act, and other tax provisions. The American Rescue Plan Act enacted earlier this year included changes that will affect 2021 tax returns and, if enacted, the proposed American Jobs...
The 2nd article in our series examines a question most folks ask when they begin to accumulate enough extra cash to warrant investing it: Should I try to do this myself? The short answer is, “it depends.” The long answer is a bit more complicated: “depending on how much cash we are talking about, as...
