Generating Sustainable Income in Retirement
According to the US Bureau of Labor and Statistics, households led by someone age 65 or older in the US spend an average of over $57,000 each year. (1) Unfortunately, […]
How to Build a Financial Plan
Your financial landscape, needs, and goals are unique to your life circumstances and family picture. With so many investment strategies out there and advice coming at you from different directions, […]
Building Financial Literacy: A Beginners Guide to New Investing
Most of us have probably taken some sort of introductory financial class in school, some of us paid attention, and some of us were uninterested, staring at the wall, waiting […]
Investment Strategies for Long-Term Growth
We’ve all heard of the buy-and-hold investing strategy, where investors purchase assets such as stocks, mutual funds, and index funds and hold onto them through market fluctuations. This strategy is rooted in the Efficient Market Theory, which asserts that stocks always trade at their fair market value on exchanges, implying it is nearly impossible to outperform an overall market through market timing or stock selection.
What Is the Capital Gain Tax?
Capital gains are the profits realized from the sale of capital assets such as stocks, bonds, and property. The capital gain tax is triggered only when an asset is sold, […]
What Is the Estate Tax?
The estate tax is a tax on property that transfers to others upon your death. Estate taxes are assessed on the total value of your estate — your home, stocks, […]
What Is the Gift Tax?
The federal gift tax applies to gifts of property or money while the donor is living. The federal estate tax, on the other hand, applies to property conveyed to others […]
How Much Money Can I Put Into My IRA or Employer-Sponsored Retirement Plan?
IRAs and employer-sponsored retirement plans are subject to annual contribution limits set by the federal government. The limits are adjusted periodically to compensate for inflation and increases in the cost of living. […]
What Is a Required Minimum Distribution?
A required minimum distribution (RMD) is the annual amount that generally must be withdrawn from a traditional IRA or a qualified retirement plan (such as a 401(k), 403(b), and self-employed […]
What Are the Tax Benefits of Charitable Trusts?
Americans give freely to support the causes they value, from churches, education, and the arts to medical research. Fortunately, current tax laws encourage and even reward philanthropy. Beyond the basic […]
