When it comes to investing, understanding the distinction between realized and unrealized capital gains is crucial for effective financial planning and tax management. Both types of gains reflect the increase in the value of your investments, but they are treated differently under current tax laws. Here’s a breakdown of what they mean and how they impact your taxes.
In the digital age, where technology seamlessly intertwines with our daily lives, the prevalence of scams has reached unprecedented levels. From cunning cyber schemes to traditional tactics, it's essential to be vigilant and informed.
In an era of fluctuating interest rates and economic uncertainties, it's essential to make wise financial decisions when it comes to saving and investing your money. Among the various options available, money market accounts, certificates of deposit (CDs), and traditional checking or savings accounts are the most popular choices.
Just before the new year, President Biden signed the omnibus spending bill into law. Within the bill is the SECURE Act 2.0 (Securing a Strong Retirement Act), which is aimed at making it easier to save for retirement. While the law was signed at the tail end of 2022, many provisions won't go into effect until 2024. These are 9 key takeaways from the SECURE Act.
It might not seem like it now, but the end of the year will soon be here. Before we ramp up to the holiday season and all of the obligations that come with it, let’s take this downtime to get our year-end tax planning squared away so we can enjoy the time with our friends and family and minimize our 2021 tax bill.
Most of us know that we need life insurance but that is often all we know. “Life insurance” is a bit of a catch-all term that encompasses a lot and sometimes the finer points are not clear. We will give you a primer on life insurance and you’ll be able to see why having life insurance is the foundation of a secure financial future for your family.
