- Charitable GivingOnce you've clarified your holiday priorities, establish an overall budget for the season. This amount should encompass all holiday-related expenses, from gifts and travel to decorations and charitable giving.
- Tax DeductionsAs a homeowner, you already know the potential costs of owning residential property. Secondary homes come with a few more expenses and decisions. This investment can generate rental income, tenant expenses, and tax deductions, all helping to offset some of the taxes.
- Income TaxRemember, a 529 plan is a college savings plan that allows individuals to save for college on a tax-advantaged basis. State tax treatment of 529 plans is only one factor to consider prior to committing to a savings plan. Also, consider the fees and expenses associated with any particular plan. Whether a state tax deduction is available will depend on your state of residence. State tax laws and treatments may vary. State tax laws may differ from federal tax laws. Earnings on non-qualified distributions will be subject to income tax and a 10 percent federal penalty tax.
- Capital Gains TaxesReceipts for home repairs (kept receipts until you sell your home and need them to calculate potential capital gains taxes)
- Investment ManagementAs the Director of Business Development, I strive to enhance retirement planning awareness with employers to achieve retirement readiness for their employees. I partner with business owners, financial advisors, CPAs, and investment management firms to share my knowledge about industry changes, trends, and opportunities to create customized retirement solutions.
- Wealth ManagementWhy So Many People Make but Don't Keep Their Fitness and Finance Resolutions - and How to Keep Yours — MAGII Wealth Management
- Financial PlanningThe holiday season is a time of joy, celebration, and giving. However, with all of the holiday excitement comes the need for careful financial planning. Did you know that the average American spends almost $1,500 on gifts for the holiday season?
- Retirement PlanningWomen's History Month is the perfect time to reflect on the unique landscape of retirement planning for women. Women face different considerations when planning for retirement than men, so let’s look at what women should consider as they plan for retirement on the horizon.
- Long Term Care2 Because children are often the primary caregivers for aging parents, this presents a unique consideration as LGBTQ+ couples plan for their long-term care in retirement.
- Asset ManagementSuccessful investing stems from focusing on what you can control. That can mean building a portfolio that is positioned to maintain return premiums, such as size, value or profitability that can improve risk-adjusted returns. Additional areas that are also within your control include asset allocation, keeping investment costs low, minimizing taxes and more.
- College FundingNational College Savings Month is an annual observance designed to raise awareness about the importance of saving for higher education. It’s a chance to shine a spotlight on the potential of college savings plans and their impact on shaping students’ lives.