Category: Blog

Important Inflation Reduction Act Credits to Take Advantage of Before a Potential 2025 Repeal

EV and Home Energy Credits to Claim before Potential Repeal in 2025 The Inflation Reduction Act of 2022 (IRA) was passed with a multitude of goals for the United States, one of them being to incentivize businesses and individuals to participate in the clean energy transition. For individuals specifically, these incentives take the form of […]

Tips for Women Who Are Living in the Sandwich Generation

At a time when your career is reaching a peak and you are looking ahead to your own retirement, you may find yourself in the position of having to help your children with college expenses or the financial challenges of young adulthood while at the same time looking after the needs of your aging parents. […]

Using a Self-Directed IRA to Buy Real Estate vs. Purchasing Real Estate Outside an IRA: A Comparison of Tax Benefits

Investing in real estate can be a powerful wealth-building strategy, but the decision on how to structure your investments—whether inside or outside a self-directed IRA—can have significant tax implications. Both approaches have advantages and drawbacks, particularly when considering long-term tax consequences, deductibility of expenses, and tax-deferral options. This article will explore the pros and cons […]

Buying a Property Without a Realtor and Owner Financing: Key Steps, Documentation, and Considerations

Purchasing a property without a realtor can save you money on commissions and give you more control over the process. However, it also requires a more hands-on approach and a strong understanding of the necessary steps and legal requirements. In this article, we’ll cover the essential aspects of buying property without a realtor, the documentation […]

Structuring the Purchase of a Vehicle for a Small Business: A Comprehensive Guide

As a small business owner, purchasing a vehicle for business use can be a strategic decision to support your operations. However, it’s important to structure the purchase properly to maximize tax benefits, ensure adequate protection, and avoid potential legal and financial risks. This article will guide you through the best practices for purchasing, insuring, and […]

Understanding High-Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs): A Guide for Self-Employed, Partnerships, and S-Corps

Health insurance can be a complex topic, especially for self-employed individuals or those running small businesses like partnerships or S-corporations (S-corps). One key option to consider is a High-Deductible Health Plan (HDHP), often paired with a Health Savings Account (HSA). In this article, we’ll break down the basics of HDHPs, the benefits of an HSA, […]

All American Social Security Numbers Possibly Leaked: What You Need to Know and How to Protect Your Credit

In a shocking cybersecurity breach, a hacker collective recently released a database containing the Social Security numbers (SSNs) of millions of Americans. This unprecedented leak has left citizens across the country scrambling to protect their identities and financial standing. If you’re concerned about how this breach might affect you, here’s what you need to know […]

Back to School Commute: EV Market Updates

As your commute time increases or you find yourself returning to the gas pump again this week, you might be curious about a more energy-efficient ride. The electric vehicle market continues to evolve in both advancements and challenges. In our last post, we discussed the new and used federal tax credits, eligibility, and other factors […]

Important 2018 Tax Cuts and Jobs Acts Provisions Set to Expire in 2025

The 2018 Tax Cuts and Jobs Act (TCJA) introduced several provisions, many of which are set to expire or “sunset” in 2025. Here are some of the key components that may sunset: These sunset provisions mean that, unless Congress acts to extend or make them permanent, these changes will revert to their pre-2018 status after […]

The sky is always falling, but never does

At a wealth management firm, we spend a lot of our time preparing for all potential probabilities that can affect our clients’ financial lives. Some scenarios we attribute high probabilities to and others have super low probabilities. Our jobs include thinking about all potential scenarios and having plans in place to make sure our clients […]