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capital gains taxes

25 Tax Planning Tips for Now and the Future

March 29, 2023 by Brett Tams

Tax season is the perfect time to plan for your future. Here’s a thorough guide to taxes in retirement to help you.

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How to Avoid Estate Taxes With Trusts

March 26, 2023 by Brett Tams

Estate taxes are a form of transfer tax that affects the very wealthy. For multimillionaire households, avoiding the estate tax is a significant issue. One tool that households can use to try to minimize their estate tax liability is the … Continue reading →

The post How to Avoid Estate Taxes With Trusts appeared first on SmartAsset Blog.

Posted in: Estate Planning, Home Repair, Taxes Tagged: 2, 2023, 429, advance directive, advisor, All, apple, assets, author, before, beneficiaries, beneficiary, Blog, Capital Gains, capital gains taxes, categories, cnbc, cost, couples, court, Credit, data, decisions, Economics, entry, estate, Estate plan, Estate Planning, estate tax, evergreen_simplefeed_delay, facebook, Fall, Family, Finance, Financial Advisor, financial advisors, Financial Goals, Financial Plan, Financial Wize, FinancialWize, Free, freelance, get started, goals, Google, graduated, grantor, grantor trust, Grow, heirs, hold, home, house, How To, id, impact, Income, income tax, Income Taxes, index, Inflation, interview, Investing, investments, irrevocable trust, irrevocable trusts, irs, Law, legacy, Life, list, Litigation, Living, living will, Main, Make, married, Media, meta, Michigan, money, More, most popular, Move, or, party, Personal, personal finance, place, plan, Planning, points, Popular, probate, property, Rates, ready, reddit, revocable trust, revocable trusts, rich, right, School, second, securities, social, specialty, stocks, Style, tax, tax brackets, tax liability, tax planning, tax rates, taxes, time, tips, title, tools, transfer tax, trust, trusts, Twitter, under, value, wealth, white, will, work, working, wrong

What Is Cost Basis?

March 26, 2023 by Brett Tams

Colored Plastic Construction Block Pattern On A Pink Background.

What is cost basis? Cost basis is the purchase price or original value of an asset or investment. It’s used to calculate capital gains and losses for tax filings.

The post What Is Cost Basis? appeared first on SoFi.

Posted in: Financial Advisor, Growing Wealth, Investing Tagged: 2, ACH, action, active, active investing, advice, advisor, All, app, assets, average, Bank, bankruptcy, before, Broker, brokerage, brokerage firms, build, building, business, Buy, Buying, Capital Gains, capital gains tax, capital gains taxes, clear, commission, commissions, company, construction, Convenience, cost, cryptocurrency, decision, decisions, display, dividend, dividends, Fees, filing taxes, Finance, Financial advice, Financial Goals, financial tips, Financial Wize, FinancialWize, FINRA, future, General, goals, Growing Wealth, How To, HR, Income, inherited, Invest, Investing, investment, investments, Investor, investors, irs, Learn, Legal, lending, LLC, loan, low, LOWER, Make, money, More, needs, new, offer, offers, one year, Operations, or, Original, Other, past performance, payments, Personal, pink, place, Planning, portfolio, price, Prices, products, Purchase, questions, rate, reach, return, risk, sales, SEC, securities, Sell, selling, shares, social, sofi, states, stock, stocks, Strategies, Style, suite, tax, taxes, Terminology, time, timing, tips, tools, trading, united, united states, value, wants, wealth, will

SOTM 73: Working-Class America’s Last Shot at Homeownership – BiggerPockets’ David Greene

March 23, 2023 by Brett Tams

With home prices reaching record highs, many Americans are waiting for “the right time to buy.” That time may never come. On today’s podcast with BiggerPockets’ David Greene, we discuss the factors driving current market conditions and speculate on just how expensive homes could be in years to come. It’s a scary thought, but this might be working-class America’s last shot at homeownership. Hear why on this State of the Market.
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Posted in: Small Business Tagged: average, builders, Buy, buy a house, buyers, Capital Gains, capital gains taxes, construction, Credit, Deals, Discounts, discover, driving, estate, expensive, facebook, Financial Wize, FinancialWize, foreclosure, Free, future, guests, home, home builders, Home Ownership, home prices, homebuyer, Homebuyer tax credit, homeownership, homes, house, Housing, Housing inventory, Housing market, Inflation, Instagram, inventory, inventory shortage, Learn, Links, list, low, market, markets, More, new, new construction, or, ownership, podcast, Prices, questions, Real Estate, real estate markets, Review, right, shortage, tax, tax credit, taxes, time, Twitter, value, working

How to Invest $200,000 and Generate a Solid Return

March 21, 2023 by Brett Tams

When at the point of wondering how to invest $200,000, that’s definitely a good sign. After all, having this amount to invest means you’re on the fast path to building long-term wealth. This is especially true if you can invest $200,000 and leave it alone for a decade or two, giving compound interest plenty of […]

The post How to Invest $200,000 and Generate a Solid Return appeared first on Good Financial Cents®.

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7 Things to Know Before Deducting a Home Office

March 10, 2023 by Brett Tams

The home office deduction can be sweet, but learn how to play within the rules to avoid trouble with the IRS.

Posted in: Moving Guide Tagged: 2, 2017, 2021, 2022, 2023, All, bedroom, before, bills, Books, business, Capital Gains, capital gains taxes, clear, company, Convenience, covid, COVID-19, COVID-19 pandemic, data, deductions, desk, employer, Employment, estate, exercise, expense, expenses, Extra Money, filing taxes, Financial Wize, FinancialWize, gig, good, guest, hold, home, home office, homeowners, homeowners insurance, house, How To, Income, income tax, Insurance, inventory, irs, job, jobs, kitchen, Law, Learn, lease, Legal, LOWER, Make, man, Miscellaneous, money, More, Mortgage, Move, needs, offers, office, Operations, Other, painting, pandemic, penny, Personal, photos, place, policies, prep, pretty, principal, ready, Real Estate, real estate taxes, Rent, return, room, running, Salary, self-employed, Self-employment, Sell, Side, Side Hustle, Software, space, standard deduction, stock, story, tax, tax deductions, tax time, taxes, time, tips, tv, under, utilities, W-2, will, woman, work, work from home, workers, working, working from home

Why Do I Owe Taxes This Year? 10 Reasons To Spot

March 1, 2023 by Brett Tams

If you’re like most people, you dread tax season. You don’t know why you owe taxes this year, and the paperwork seems…

Read More… Why Do I Owe Taxes This Year? 10 Reasons To Spot

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Is It Better to Invest in Real Estate or Stocks?

February 18, 2023 by Brett Tams

I have invested in both real estate and the stock market, and I believe real estate is hands down the better investment. Even with the stock market increasing significantly, I am making more money on my rental properties, and they allow me to retire much earlier than the stock market would. The conventional thoughts are … Read more

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Vanguard Personal Advisor Services Review

February 16, 2023 by Brett Tams

The post Vanguard Personal Advisor Services Review appeared first on Well Kept Wallet.

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The Future is Now: What Years Will Your 2021 Savings Pay For?

February 13, 2023 by Brett Tams

My 2021 savings will pay for my lifestyle in 2040, 2059, and 2078 (if I’m lucky). And your 2021 savings will pay for your entire lifestyle in future years. This article will show you the math.

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