- Tax PlanningU.S. stocks rose on Friday after the Senate passed a budget resolution, a step toward enacting a massive tax cut aimed at fostering growth. While a revision of the U.S. Code would require some attention to tax planning between now and the end of 2017, the opportunity for savings could be significant for many individuals, and it is expected to stimulate consumer spending, savings, and business activity.
- Roth IRAThe myRA was pitched as a way for moderate-income people to save for retirement and was designed to resemble the Roth IRA.
- Income TaxJust as in a Roth IRA, MyRA contributions were made with after-tax dollars, and withdrawals from the account during retirement were exempt from federal income tax. Unlike with a Roth, however, the MyRA had only one investment option: U.S. government savings bonds. So, you weren't risking principal, but yields were low.
- Investment ManagementWe know that you are the “chairman of the board” when it comes to your investments. We serve as your CFO. Our investment management reflects your unique needs and expectations.
- Mutual FundsOnce we know your preferences, we invest your money in either a diversified noload mutual fund portfolio or a separately managed account. We have access to money managers who specialize in tax-efficient investing and improving aftertax returns. We screen every fund and manager we present. We take full discretion, but we make changes in your portfolio only if necessary. We work on a fee basis; you pay no commissions and no entry or exit fees on your mutual funds.
- Bonds
- Wealth ManagementSlick TV ads often make financial planning and wealth management sound simple, but it’s usually not. Managing wealth requires knowing a lot about highly technical topics, like taxes, government regulations, and finance as well as history, psychology and how to communicate with loved ones about sensitive issues. This article highlights some of the knowledge needed to manage wealth and why it’s often so daunting without the help of an independent personal financial advisor who is familiar with your situation.
- Financial PlanningThe five questions below are a challenge meant to allow you to assess your knowledge of investing, tax and financial planning. If you have been following our news stream, this quiz draws on familiar ground. The answers are below.
- Retirement PlanningCallahan Capital Management is an independent, fee-only financial advisory firm specializing in professional investment management and independent consulting for individuals, pension plans, foundations, endowments and trusts.