Four Tips for End-of-Year Tax-Planning December 23, 2021 Family Financials Mistletoe and merrymaking mean the year is nearly over. With that in mind, we have four last-minute tax tips for you to consider before the ball dips and the calendar flips to 2022. Take advantage of charitable deductions: If you’re looking for ways to lower your 2021 tax bill, …Read More keyboard_arrow_right
The New Child Tax Credit FAQ August 9, 2021 Family Financials Biden tax plan, Child Tax Credit, financial planning, taxes This week’s reader question is about the child tax credit for 2021: What should I know about eligibility and financial planning implications for the new child tax credit? Andrew Busa, Manager of Financial Planning, had this to say: The American Rescue Plan made significant updates to the child tax credit for …Read More keyboard_arrow_right
Are ETFs More Tax-Efficient? Not at Vanguard June 9, 2021 Adviser Fund Update capital gains tax, ETFs, factor funds, financial planning, Investing, taxes, vanguard Are ETFs More Tax-Efficient? Not at Vanguard In April, we parsed every Vanguard and Fidelity fund and exchange-traded fund (ETF) to highlight the most (and least) tax-efficient among them. This week, we look at how ETFs and funds differ in how their tax status impacts your portfolio’s bottom …Read More keyboard_arrow_right
Getting Ready for Higher Taxes June 1, 2021 Economy & the Markets Biden tax plan, capital gains tax, Estate tax, tax hikes, taxes This week’s reader question is about future tax hikes: What does the Biden tax plan mean for investors? Should I be making changes to my financial plan or portfolio at this point? Vice President of Wealth Services Patrick Carlson had this to say... The first thing to remember is that all the …Read More keyboard_arrow_right
Will the Proposed Capital Gains Tax Hike Impact Investors? May 3, 2021 Investing biden administration, capital gains tax, tax hikes, taxes On Thursday, April 22, markets abruptly sold off on news that President Biden was considering raising capital gains taxes on investors in the highest tax bracket. Was this knee-jerk response merited? Chief Investment Officer Jim Lowell looked at the potential impact of a capital gains tax hike in …Read More keyboard_arrow_right
Switch ZIP Codes, Claim Tax Advantages April 16, 2021 Taxes Each of our 50 United States are wonderful in their own, unique ways, but some offer greater financial benefits to their residents than others. Whether you’re thinking about working remotely, moving closer to your kids or grandkids, or simply getting away from winter gloom, don’t forget that there are tax advantages to …Read More keyboard_arrow_right
5 Tax Deductions You Need to Know February 12, 2021 Family Financials Tax season is upon us and while tax rates haven’t changed, the past 12 months have brought a flurry of legislation from Congress on how you may—or may not—be taxed. To put you in the right frame of mind to file your 2020 returns, we found five deductions and credits that could …Read More keyboard_arrow_right
Rent or Buy? September 4, 2020 Family Financials “Should I rent or should I buy?” Since buying a home is the largest purchase most people will ever make, this is a financial dilemma almost all of us have faced at least once in our lives. Buying is not for everyone—for some, renting may be a better or more affordable choice. …Read More keyboard_arrow_right
Tax Benefits to Pandemic-Related Giving May 22, 2020 Family Financials coronavirus Many of us are searching for ways, even small ones, to help those on the front lines of the crisis. What you may not know is that the federal government—as part of the multi-trillion-dollar virus relief bill, the CARES Act—tweaked certain rules to encourage giving to COVID-19-related causes and non-profits impacted by …Read More keyboard_arrow_right
RMDs and the CARES Act April 9, 2020 Family Financials coronavirus For many retirees, this may be the best news yet out of the current economic and market dislocations. Congress has passed a bill that says you don’t have to take required minimum distributions (RMDs) in 2020. In the $2-trillion CARES Act, Congress waived the RMDs that retirees typically must withdraw from their …Read More keyboard_arrow_right