This week, Scott, CPA, discusses Biden’s proposed tax changes. He focuses on these two: Increase in Capital Gain Tax Rate and the Elimination of Step Up in Basis. If you have any questions, please don’t hesitate to call us at 844-CARLSON (844-227-5766).

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Written By: Dan Moylan, Chief Investment Officer The stock market continues the uptrend with President Biden’s vaccination initiative having a big impact on many economies opening up.  The S&P, NASDAQ and the DOW all posted solid gains of 4.01%, 3.58% and 2.18% respectively in April.  We are positioned well in your accounts to continue to…

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This week, we dive into two strategies to potentially lower your tax bill: Bunching and Proper Withdrawal Planning. Save Thousands with Bunching  Bunching your annual deductions could save you thousands, especially if your itemized deductions are close to that standard deduction but fall just short.  Let’s look at one example of how this could work…

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Written By: Dan Moylan, Chief Investment Officer Well, the first quarter of 2021 has ended, I hope everyone had the opportunity to enjoy some nice Spring weather and get outdoors some in March.   A quick recap of last month and some insight moving ahead to Q2.  We have some good success stories in the stock…

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Scott shares some tips on using Spousal IRAs to maximize your tax benefits. You may still be able to take advantage of these tips for 2020, since the new tax deadline has been extended to May 17th, 2021! If you have any questions, please don’t hesitate to call us at 844-CARLSON (844-227-5766).

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It is tax season and time to decide whether you should make a contribution to your Traditional or Roth IRA. How can you ultimately maximize the benefit of your IRA over the long-term?  For most, you want to max out your 2020 contributions before the April 15th deadline.* *UPDATE: The April 15th deadline to file…

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Written By: Dan Moylan, Chief Investment Officer Spring is here and hopefully we aren’t required to endure any more arctic blasts this year.  Just a quick recap of the stock market and some changes made to your Fidelity accounts for February. The market turned in a stellar performance the first three weeks of the month,…

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Scott goes over the importance of putting the roof on your financial house, expecting higher returns on investments that involve more risk.  While your foundation is built on safer, secure investments such as cash, CDs, or treasury bonds, we only expect about 1-2% returns at best. The roof will bring a higher return over time. …

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How important is the Rate of Return to your overall Investment Plan?  What if the Rate of Return you need seems unrealistic?  What is a realistic Rate of Return that you should expect?  If you are 5-10 years from retirement, you have built a plan, and you know what you will be saving, you can…

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Scott discusses the importance of Integrating all the pieces of your retirement planning and whether you should hire a financial advisor or just do it yourself.  What is Integration?  Integration is the glue that holds your plan together.  It ensures that your Income Plan, Investment Plan, Insurance, and Income Taxes are all coordinated for the…

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