Little nuggets of wisdom for your wealth
Navigating Storm Damage Claims
Storm Damage Claims When a major storm hits, dealing with the damage can feel overwhelming long before the insurance paperwork begins. A fallen tree, a leaking roof, shattered windows, or water-soaked belongings can leave you scrambling to protect your property and wondering what your insurance will cover (up to your
Protecting Your Child’s Identity in a Digital World
Protecting Your Child’s Identity A recent survey estimated that about 10 million children have been victims of identity theft.1 Children, unlike adults, generally do not have a credit history, which can make them attractive and easy targets. Protecting your child’s identity is important because criminals can use a child’s clean
Investing Capital Gains in a Qualified Opportunity Fund: Special Tax Benefits
Qualified Opportunity Fund A number of special federal tax benefits are available for investing capital gains in a qualified opportunity fund. These include: (1) the rolling five-year deferral of tax on the capital gains, (2) the partial exclusion of the capital gains from gross income if invested in the qualified
What Are 530A Trump Accounts?
530A Trump Accounts Amid the July 4th fanfare, a new tax-advantaged investment account officially launched: the 530A Trump Accounts, also known as simply a Trump Account, which is designed to help children get a head start on their financial future. Parents (or other authorized representatives) have been able to apply
Tax Planning for Specific Types of Investments
Introduction to Tax Planning for Specific Types of Investments Investment tax planning can help you maximize after-tax returns on your investments. Tax planning for specific types of investments helps you identify which types of investments are best suited to your unique situation. Because different types of investments produce income or gain
Will Debt Consolidation Hurt or Help My Credit Rating?
Debt Consolidation Debt consolidation can lead to an improvement in your credit rating by making your debt easier to manage. Sometimes, debt consolidation means taking a loan at a lower interest rate to pay off several smaller loans at higher interest rates. Making one payment instead of many may help