Whatever your reason for giving this year, it’s important to know how your charitable contributions can impact your financial plan. In fact, being strategic and intentional in your 2021 contributions can create tax benefits for both you and your chosen charity.
2021 has brought wild speculation about tax law changes that have turned the world of financial planning into a sea of uncertainty and doubt. It started back in April of 2021 when the Biden administration first proposed new legislation that would change the tax landscape dramatically. That bill proposed retroactive changes to capital gain tax brackets, increases to ordinary income tax brackets, and changes to certain tax credits. To make matters more confusing, in September of 2021, newer proposals were introduced that were much different than what was considered in April. Now what most believe will be the final bill of text (with some minor changes) being introduced in later October, where do pharmacists need to be focusing their attention? What is staying, what is changing, and how can pharmacists prepare themselves before the end of the year.
You want to check off all the boxes when it comes to making an estate planning strategy. But it can be hard to see what you may still be missing. As you work with your financial professional, start by reviewing these 9 questions.
There are a lot of questions about President Biden’s Build Back Better plan and potential tax law changes, including an adjustment to capital gains taxes. Many ideas are being considered as legislators look for ways to raise revenue to help pay for the Build Back Better plan.
Whether you need more than one life insurance policy will depend on your personal and financial situation. In this article, we explore some of the reasons one might purchase additional policies.
Did you know you could begin taking withdrawals while still working? If this is something you're considering, here's what to know right now.
While your day-to-day focus is on running your family business, it's important to keep an eye on the future as well. If you haven't considered business succession planning yet, here's where to start.
Rental real estate investing has been a great source for side income and wealth diversification. But it doesn't come without it's fair share of heartache. In this PharmD blog, learn about what all new real estate investors should be aware of as they move into rental real estate investing for the first time.
Meme stocks make headlines - but do they make good investments? Before the next hot stock emerges, here's what to know about meme stocks.
For those who have a kid headed off to college, have you gone over the "what if" scenarios with them? In case of emergency, you and your college student will want to have this paperwork filled out ahead.
Aligning your core values with your human capital is the single greatest financial decision you can make. It's a way to live your life on purpose and really focusing your life efforts on what is important most. But it can be hard to identify what our human capital is. In this blog, I dive into the 4 most important kinds of human capital.
Summer is full of fun. Summer vacations, travel, wedding, etc. It seems like it doesn't take long for weekends to fill up. But with increased activity comes more spending. So how can you get back on track financially after a summer of spending? We've got you covered!