Have you ever wondered the difference between tax credits and tax deductions? Or how tax deductions and tax credits can save a significant amount each year in taxes? This article will explore tax deductions and tax credits, the differences and benefits, common deductions and credits, and potential tax planning strategies. What is a Tax Deduction? […]
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If you want to begin saving for your children’s college but are unsure where to start, this article will analyze different saving avenues and help you determine which one will be most effective for your situation. With the cost of higher education rising, it is advantageous to start saving as soon as possible. According to
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Restricted stock units, or RSUs, are a form of equity compensation often awarded to executives or employees in the technology industry. They’re used as an additional form of compensation in addition to a salary. They can be viewed as bonus compensation but as company stock. RSUs can be extremely valuable and offer several planning opportunities
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The Social Security Administration estimates that “one in four of today’s 20-year-olds will experience a long-term disability before reaching age 67” (See, 2024). This article will explore disability insurance, its part in a financial plan, and the basics before purchasing a policy. What is the purpose of Disability Insurance? Disability insurance provides you with
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Two popular investment vehicles for investors looking to diversify their portfolios are index funds and exchange-traded funds (ETFs). While they share some similarities, they also have key differences that can significantly impact your investment strategy. Understanding these differences is crucial to ensure they align with your investment strategy. This article will delve into index funds
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Are you unsure whether you’re maximizing your W-2 income? Do you need a quick quality control check to ensure you’re making the right decisions with your income and cash flow? Look no further. This guide will break down actionable steps for ensuring your income is managed tax efficiently toward your specific and unique financial goals.
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As a financial planner, one of the most crucial aspects we emphasize to our clients is strategically managing their investment portfolios to minimize taxes. While many investors focus on asset allocation, asset location is an equally important strategy that can significantly impact your overall tax efficiency. Understanding where to place your investments can reduce your
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Navigating the complexities of mortgages can often feel like traversing a labyrinth in the realm of homeownership. Homeowners utilize two common strategies to manage their mortgage payments: recasting and refinancing. While these terms may sound similar, they represent distinct approaches with unique benefits and considerations. As a savvy homeowner, understanding the difference between recasting and
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Many investors want to know how their portfolio performance compares to a benchmark, indices, or other investors. My guess is it’s an innate human tendency to compare and contrast investment portfolios, yet what’s often overlooked is what truly matters: performance relative to the ability to achieve your desired goals. For instance, what does an annualized
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In today’s fast-paced world, financial success is often equated with being wealthy or rich. However, there are significant distinctions. While both terms refer to abundant financial resources, the underlying principles and long-term implications differ significantly. As a financial advisor specializing in assisting professionals in the technology industry, I come across many situations where we can
Rich vs. Wealthy: What’s the Difference? Read More »
