Get financial clarity, insight, and analysis delivered straight to your inbox.
Subscribe to our weekly blog.
Options for Charitable Giving
There are many different ways to support charitable causes aside from making financial gifts. Gifts of time and expertise are also highly valued by charitable organizations. If you donate monetarily to charity, reevaluate your strategy for simplicity or tax efficiencies.
Inflation Hedge in 2022: Bitcoin vs. Gold
Bitcoin is a very new investment, first introduced in 2009, so it may need more time to adapt. Gold has been around for thousands of years. Periods of high inflation will typically create volatility in markets.
Loss of a Loved One
When you lose a loved one, the ability to function, analyze information, and make decisions can be impaired. However, costly errors can be avoided if the survivor progresses in an organized and deliberate manner and seeks the appropriate advice.
Here’s Your Early 2023 Checklist
You are probably already aware of the perils of credit card debt. Credit cards are relatively easy to obtain and super easy to use. But they come with a big catch - credit card debt is usually very expensive. It should therefore be avoided whenever possible.
Are You Making These Common Tax Mistakes?
Unfortunately, even as tax prep software evolves, several common mistakes prevail. So how can you avoid these common (and costly) errors?
529 Plan: Owner & Beneficiary Strategies
The SECURE Act 2.0 was signed into law on December 29, 2022. While this bill has many provisions, one that has gained a lot of attention is the 529 Plan to Roth IRA Transfer starting in 2024. Keep in mind that a few conditions must be met for this transfer to occur.
Update from the Federal Reserve
While the switch from a 75-basis point to a 50-basis point hike may not seem like a huge deal, it is an important shift. The problem with interest rate policy is that while rate hikes go into effect immediately, their impact on the economy as a whole takes a lot longer to work through the system.
Secure 2.0 Act: What Does it Mean for You?
In late December of 2022, Congress passed, and President Biden signed the $1.7 trillion omnibus spending bill. One part of the bill is the SECURE 2.0 Act, which expands on the original SECURE Act of 2019 by enhancing many features related to investors.
Who Needs Pet Insurance?
Our pets are family. It's best to be prepared to get them the best care should they become ill or seriously injured. Pet insurance is a great way to do so without breaking the bank.
Tax Loss Harvesting – Be Careful
In December of each year, many mutual funds pay out capital gains. These payouts go to whoever owns the mutual fund on the "ex-dividend" date. These capital gains are gains incurred over the entire year. However, if you purchase the fund the day before the ex-dividend date, you will only own the fund for one day, but you will end up with the entire year's capital gain distribution.
Indiana’s School Scholarship Tax Credit
Indiana is incentivizing Indiana taxpayers with a 50 percent tax credit when they donate to eligible SGOs. The program supports students and families in financial need while financially rewarding donors. Indiana's School Scholarship Tax Credit Program is a win-win for everyone!
Trouble in Paradise: The FTX Collapse
If you've read our previous posts about crypto investing, you've already received cautionary advice about this new and unregulated asset class of cryptocurrency. However, the collapse could serve as a pruning that is helpful for the industry's long-term health.