In an effort to start us off on the best foot possible this New Year, here is a very handy reference card that I use. It’s called the 2020 Key Financial Data card and it can be quite helpful whenever you need to make informed financial and investment decisions. The Key Data card gives you many of
2019 Year End Planning Checklist
I've found that the two main reasons why people don't make progress with achieving their financial goals are Time and Knowledge. We get bogged down by things at work and want to spend any free time with our families or doing things we enjoy. It can also be overwhelming to know where to start when
Tax Benefits of ETF’s vs Mutual Funds
ETFs and mutual funds are two forms of investments that are widely used. When comparing the two there is one standout benefit that ETFs have over mutual funds - their tax efficiency. What separates these two investments’ tax implications is that they are structured and traded differently. ETFs are
Tax Update: SALT and Charitable Deductions
One of the most controversial changes that was part of the Tax Cut and Jobs Act of 2017 passed last December was concerning the deduction of state and local income taxes, more commonly known as SALT. Prior to the December change, taxpayers were able to deduct from their federal taxes all
2018 Key Financial Data Card
In light of the recent Tax Cuts and Jobs Act, I wanted to send a quick, easy-to-follow reference card with the new tax brackets and other numbers that investors need on taxes, Social Security, healthcare, Medicare, retirement, college planning and more. The guide presents these numbers in simple
2017 Key Financial Data
While there's tons of information out there on money and taxes, it can be somewhat confusing and time-consuming to find what you need as you organize and plan your personal finances. Below is a link to a 2017 Key Financial Data reference card, which offers fingertip access to this year's numbers on
Tax filing statuses
Your tax filing status has a major impact on what you'll pay in taxes for the year. There are five official filing statuses, and the one you pick determines whether you can take certain tax deductions or exemptions that could lower your final tax bill. Single - This applies to never-married,
The Wealth Chronicle: Tax Prep Edition
February marks the beginning of the rush to get taxes done by April 15th. I wanted to dedicate this issue to providing information about how to maximize your annual tax preparation experience. You’ll find articles on: Questions to ask your CPA when you meet to discuss the preparation of your