by Joe Allaria CFP®, MBA | Apr 29, 2020 | Article, Portfolio Management, Tax Planning
What is Tax-Loss Harvesting? Key Takeaway: Tax-loss harvesting is selling an investment at a loss in a taxable account to offset gains (and sometimes income), then reinvesting in a similar—non-identical—holding to avoid the wash-sale rule. The COVID-19 Crisis has had...
by Joe Allaria CFP®, MBA | Apr 27, 2020 | Article, Portfolio Management
7 Ways to Get COVID-19 Financial Help Key Takeaways: Review your budget, cut unnecessary spending, and consider paying only minimum debt payments temporarily to build cash reserves. Use CARES Act options to improve cash flow, like mortgage forbearance on federally...
by Joe Allaria CFP®, MBA | Mar 4, 2020 | Article, Portfolio Management
Staying Invested During Volatile Markets Key Takeaways: Market volatility is normal, with S&P 500 drops of 10% or more happening about once per year, 15% about once every four years, and 20% about once every seven years. Financial media and market “experts” are...
by Joe Allaria CFP®, MBA | Feb 13, 2020 | Article, Portfolio Management, Retirement Planning
5 Key Ingredients to a Good Financial Recipe Key Takeaways: Good financial outcomes usually come from preparation—setting clear goals and steps instead of winging it. Build flexibility and balance by avoiding investments that lock you in and diversifying beyond a...
by Joe Allaria CFP®, MBA | Jan 13, 2020 | Article, Estate Planning, Portfolio Management, Retirement Planning, Tax Planning
5 Things the SECURE Act Has Changed for Individuals Key Takeaways: Required minimum distributions now start at age 72 (with the first one due by April 1 of the following year). Most non-spouse inherited IRA beneficiaries can no longer stretch withdrawals over a...
by Joe Allaria CFP®, MBA | Dec 2, 2019 | Article, Portfolio Management, Retirement Planning, Tax Planning
What Tax and Contribution Limit Changes Will Take Place in 2020? Key Takeaways: For 2020, the elective deferral limit for 401(k)/403(b)/457(b)/Roth 401(k) plans is $19,500, with a $6,500 catch-up for people 50+. For 2020, Traditional IRA and Roth IRA contributions are...
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