29 06, 2023

Tax Planning

2023-06-29T11:44:49-07:00June 29th, 2023|Uncategorized|Comments Off on Tax Planning

  Tax planning doesn’t stop after a taxpayer files a tax return Just because a taxpayer filed a tax return doesn’t mean they should forget taxes until next year. What a taxpayer does now may affect the tax they owe or the refund they may receive next year. Here are some simple year-round tax planning [...]

22 06, 2023

Tax considerations when selling a home

2023-06-22T10:29:10-07:00June 22nd, 2023|Uncategorized|Comments Off on Tax considerations when selling a home

Many people move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale from their income when filing their tax return. When selling a home, homeowners should think about: Ownership and use To claim the exclusion, the taxpayer must meet ownership and use tests. During the five-year [...]

14 03, 2023

Silicon Valley Bank Failure

2023-05-04T09:24:37-07:00March 14th, 2023|Uncategorized|Comments Off on Silicon Valley Bank Failure

CIO NOTE from Mark DiOrio, Brookstone Capital Management What Happened? Silicon Valley Bank was shut down by regulators on Friday, March 10. This is the second largest bank failure by size (unadjusted for inflation) in U.S. history. This is a standard regulatory practice when a bank begins to either have liquidity or solvency issues. Who [...]

14 11, 2022

Five helpful ways WOMEN can start to save more for retirement

2022-11-14T11:52:45-07:00November 14th, 2022|Uncategorized|Comments Off on Five helpful ways WOMEN can start to save more for retirement

What is the Financial Outlook for Women Planning for Retirement? The gender landscape across American industries is evolving. Today, women continue to make up nearly half of the workforce in the United States.1They own more than 12 million businesses2and are the sole or primary breadwinners for 42 percent of families with children under 18.3 But, [...]

13 10, 2022

Inflation Reduction Act and Medicare

2022-10-13T11:10:16-07:00October 13th, 2022|retirement|Comments Off on Inflation Reduction Act and Medicare

As shared by Antonio Lugo: New laws are here! The new Inflation Reduction Act is a big enchilada of green energy spending, corporate taxes, and some pretty major changes to Medicare. Is this deal a big deal? Could be. I'll wrap it up for you at the end. First, here are some Medicare changes you [...]

26 09, 2022

Should You Prepare to Retire on 80% of Your Income?

2022-09-26T09:18:38-07:00September 26th, 2022|Uncategorized|Comments Off on Should You Prepare to Retire on 80% of Your Income?

Examining a long-held retirement assumption.Provided by Carla MerlakA classic retirement preparation rule states that you should retire on 80% of the income you earned in your last year of work. Is this old axiom still true, or does it need reconsidering? Some new research suggests that retirees may not need that much annual income to [...]

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