IRS Announces New 2024 Income Tax Brackets: Your advisor can help leverage these changes to impact your tax liabilities

It is crucial for individuals to engage in strategic tax planning with their financial advisors, particularly considering the upcoming changes to the standard deduction and tax brackets for the year 2024. These modifications, affecting filers who do not itemize their deductions, will only be reflected in the tax returns filed in early 2025. The Internal…

Read More

How to Set Achievable Financial Goals for 2024

It’s time to set financial goals that are realistic and attainable. January is an ideal time to lay the groundwork for your financial success in the new year. It’s not just about setting resolutions but also about making practical and straightforward financial decisions. Here’s a guide to help you set achievable financial goals for 2024…

Read More

A fresh start: 10 money management tips for 2024

As the calendar turns to a new year, it’s time to reflect on our financial habits and set the stage for better money management. Whether you’re looking to build wealth, eliminate debt, or simply gain a better understanding of your finances, the New Year provides a clean slate for financial success. In this article, we…

Read More

Fortify Your Financial Security During the Holidays: A holiday season guide to protecting your financial information from hackers

As the holiday season approaches, the air buzzes with excitement, but it also rings alarm bells for cybercriminals aiming to exploit the festive fervor. Protecting your financial information from hackers during this period demands heightened vigilance and proactive measures. Here’s a comprehensive guide to safeguard your financial well-being during the holiday hustle and bustle: Strengthen…

Read More

2023 Year-End Financial Checklist

by: Jonathan I. Shenkman, Contributor of Forbes At the start of 2023, prior year uncertainty and economic turbulence persisted, which caused concerns and market volatility. However, as we approach the end of 2023, there is cause for optimism. The market has rebounded, economic data indicates a strong labor market, and wages are keeping up with…

Read More

Thinking About Donating Your Stock to Charity?: Doing so is a powerful tax strategy to optimize your charitable giving

For investors seeking to support charitable causes while maximizing their tax benefits, donating stock instead of cash can provide significant advantages. By contributing appreciated securities to a qualified charity, investors can potentially deduct the full fair market value of the donated stock on their federal income tax return. Here are a few reasons why donating…

Read More

Estate planning for your digital assets

What will happen to your Facebook account when you die? What about all your photos shared on social media, your texts with loved ones, or documents on cloud-storage systems? In just the two-year period from 2012 to 2014, humans produced more data than in all of human civilization before that – and the pace is…

Read More

Dividing Your Estate: A Practical Approach

When planning the division of your assets, you may believe in a policy of “share and share alike.” This is perhaps the easiest method to avoid conflicts or complaints of favoritism. But does equality necessarily equate with fairness? Especially when you consider such factors as age, talents, skills, interests, needs, and degrees of material success.…

Read More