by Joe Allaria CFP®, MBA | May 24, 2024 | Article, Tax Planning
Reduce Taxes with Charitable Giving Key Takeaways: Donating appreciated stocks or mutual funds — instead of cash — can let you skip capital-gains tax and still deduct the full market value as a charitable donation. If you’re over age 70½, using a Qualified Charitable...
by Joe Allaria CFP®, MBA | Apr 10, 2024 | Article, Estate Planning, Portfolio Management
Assets and Aging: Should Parents & Adult Children Co-Own Assets? Key Takeaway: Co-owning assets with an aging parent is usually not recommended because it can create tax problems, expose the assets to the child’s risks, and unintentionally override the parent’s...
by Joe Allaria CFP®, MBA | Mar 15, 2024 | Article, Portfolio Management
Social Security Benefits: Will I Get Any? Key Takeaway:Yes — if you’ve worked enough years to earn enough Social Security credits (generally 40 credits, roughly 10 years of work), you’re likely to receive benefits under the current rules. In today’s uncertain...
by Joe Allaria CFP®, MBA | Feb 14, 2024 | Article, Portfolio Management
2024 Stock Market Predictions Key Takeaway:The 2024 stock-market predictions article emphasizes that forecasts vary wildly — some expect double-digit gains while others call for losses — which underscores how unpredictable markets are. As we step into the unknown...
by Joe Allaria CFP®, MBA | Nov 30, 2023 | Article, Retirement Planning, Tax Planning
2024 IRS Cost of Living Adjustments Key Takeaway: The 2024 IRS cost-of-living adjustments raised contribution and income thresholds — meaning you can earn or save more before hitting tax limits. The IRS has released its 2024 cost of living adjustments, which include...
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