Inflation is a word that seemed to dominate the news in 2021. Most of us understand that inflation is when the cost of buying items and services is higher than it was for same items or services last year—or last month.
Let's say you own a dividend-paying stock, and you want to sell it, but you know that normally the stock pays a dividend before the end of the year. Should you wait until the dividend is paid before selling?
Your house was worth $400,000 at the beginning of 2021, yet now it may be worth $500,000. Do you need to increase your homeowners insurance? You might.
For the last 90 years, the S&P 500 has an average return of close to 10% . The S&P 500 is an index made of the 500 largest companies in the United States. These days people expect the stock markets to always go up and to increase in value. What if they go down?
A good financial advisor can help you in many ways: manage your investments, assist in major financial decisions like buying a car or a house, find the opportune time to retire, figure out how to get the most out of social security, and one of my favorites: legally avoid and lower taxes when possible. This is where sharing and reviewing your income tax return becomes an important part of what we can do for you.
At age 72, the government is ready to begin collecting tax on all of your deferred income and growth inside your IRAs and 401(k)s but you want to avoid paying the tax. What can you do? There are a least four legitimate strategies to delay or avoid taking RMDs.