by Joe Allaria CFP®, MBA | Nov 26, 2022 | Article, Portfolio Management, Retirement Planning, Tax Planning
Year-End Strategies to Lower Taxes & Optimize Investments Key Takeaways: As the year ends, it’s a smart time to review your finances and use strategies that can lower your tax bill and strengthen your overall plan. Tactics like maximizing retirement...
by Joe Allaria CFP®, MBA | Jul 26, 2022 | Article, Portfolio Management, Retirement Planning, Tax Planning
Should I Do a Roth Conversion? Key Takeaway: It depends on your tax situation whether or not you should do a Roth conversion. A Roth conversion can be smart if you expect higher taxes later and can pay the tax with non-retirement money, but it may backfire if it...
by Joe Allaria CFP®, MBA | Dec 11, 2021 | Article, Tax Planning
Charitable Donations Using Stock, Not Cash Key Takeaways: Donating appreciated stock directly to charity lets you support causes you care about while avoiding capital gains tax on those shares. You can replenish your investment account with cash you would’ve donated...
by Joe Allaria CFP®, MBA | Jan 27, 2021 | Article, Estate Planning, Portfolio Management, Tax Planning
5 Financial Impacts of the Democrat Blue Wave Key Takeaways: Historically, markets have done reasonably well under all political combinations, so a unified Democratic government isn’t a reason by itself to bail on stocks. While higher taxes, more deficit spending, a...
by Joe Allaria CFP®, MBA | Nov 30, 2020 | Article, Estate Planning, Retirement Planning, Tax Planning
College Savings: Is a 529 Plan Right for Your Child? Key Takeaways: A 529 plan is popular because earnings can grow tax-deferred and qualified withdrawals can be tax-free, and anyone can contribute with flexibility to change beneficiaries. The downside is the strict...
by Joe Allaria CFP®, MBA | Oct 19, 2020 | Article, Portfolio Management, Tax Planning
5 Smart Tax Moves for your Brokerage Account Key Takeaways: Use your brokerage account as a funding source to max out tax-advantaged accounts like a Roth IRA, a 401(k), and an HSA so more growth happens with better tax treatment. If you give to charity, donating...
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