A basic guide to the potential tax implications (and advantages) of donating to charity
There’s financial incentive for Americans to give generously to charity: when you donate to an IRS-qualified 501(c)(3) public charity, including Fidelity Charitable, you are able to take an income tax charitable deduction.… Read More
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3 ways you can profit from rising inflation
As the cost of everything from groceries to gas goes up, many Americans are feeling the pressure of rising inflation. But there’s good news. You may be able to profit from rising inflation.… Read More
What do you really know about taxes?
How familiar are you with the basics? What about the intricacies?
It’s no secret most of us aren’t tax pros.
Many of us have some pretty big knowledge gaps when it comes to key tax issues, like different tax brackets, charitable giving, and tax liabilities.… Read More
On December 23, 2022 the Federal government passed the Secure 2.0 Act, new legislation aimed at strengthening the retirement system and helping bolster Americans’ financial readiness for retirement. Some key features of the Secure 2.0 Act include increasing the age at which retirees must begin taking required minimum distributions (RMDs) from IRA and 401(k) accounts, and changes to the size of catch-up contributions for older workers with workplace plans.… Read More
Taxes are a top detractor from overall portfolio performance. Your financial advisor can help you implement strategies to make your investments more efficient.
The Case for Tax Management
Scenario 1: Tax-Managed Portfolio
As part of an on-going tax management strategy, your financial advisor will consider opportunities to manage, defer, and reduce taxes to potentially improve your returns.… Read More
The end of the year is when a lot of deadlines come up.
So, as we head to the end of the year, now is a great time to make sure your financial plan is still on track.
And it’s wise to use a checklist to see where you are and what you should do.… Read More
High Tax. Zero Time. Big Revenue Goals.
As you grow your business to $1 million and beyond, the teams and systems that got you to your million-dollar goal aren’t going to be enough to get you to your next goal.
You’re a successful entrepreneur ready to reach that next revenue goal and scale up.… Read More
Would you like help creating your dream exit?
You’ve got that little voice in the back of your mind telling you it’s time for the next adventure.
You’ve put in thousands upon thousands of hours of your blood, sweat, and tears to build your business into something incredible.… Read More
The 2017 Tax Cuts and Jobs Act (“TCJA”) created incredible estate planning opportunities for savvy Americans. However, the massive changes introduced by the SECURE Act of 2019 have made many estate strategies outdated. If you haven’t created or reviewed your estate plans in light of these new rules, you’re at risk of…
Accidentally disinheriting your spouse (because of an outdated trust or estate strategy) Failing to take advantage of a temporary tax window (just through 2025) Shortchanging your loved ones by leaving Uncle Sam too much of your hard-earned money
Forcing your loved ones to liquidate their inheritance to pay taxes (because IRA rules changed) All because your will, trust, or estate plan hasn’t been updated to reflect the new laws.… Read More
Many Americans think: “The only way to decrease my taxes is to reduce my income.”, but there’s a better way.
You suspect you’re paying too much in taxes, but you make too much money to fall into any of the categories that lead to lower tax payments.… Read More
A basic guide to the potential tax implications (and advantages) of donating to charity
There’s financial incentive for Americans to give generously to charity: when you donate to an IRS-qualified 501(c)(3) public charity, including Fidelity Charitable, you are able to take an income tax charitable deduction.… Read More