Tag Archive for: professional advice

This Is The ‘Billion-Dollar Blind Spot’ Of 401(k)-To-IRA Rollovers, Vanguard Finds

Rollovers from a workplace retirement plan to an IRA are common after reaching certain milestones like changing jobs or retiring. However, many investors who move their money to an IRA park those funds in cash for months or years instead of investing it — a move that causes their savings to “languish.”

4 Steps To Take With Investments If Fed Cuts Rates, According To Financial Planners

Investors tend to respond emotionally to significant market fluctuations, which can jeopardize long-term growth, particularly in retirement savings. With the Fed expected to cut interest rates to reduce inflation, financial planners weigh in what investors should do.

Tax Policies South Florida Businesses Should Pay Attention To Ahead Of 2024 Election

Given Florida’s unique tax landscape, it’s essential for local businesses to grasp how federal-level changes can impact them. In fact, almost half of the tax leaders surveyed (44%) in BDO’s 2024 Tax Strategist Survey believe the election outcome will pose significant challenges to their business.

IRS Warns On Social Media Tax Credit Scam

In a just issued consumer alert, the IRS said bad advice is circulating on social media regarding an non-existent self-employment tax credit that is misleading taxpayers into filing false claims. In reality, the underlying credit being referred to on social media is a much more limited and technical tax credit for sick leave and family leave.

A Tax Planning Roadmap For Four Life Events

While taxes may not be on your mind while experiencing big life events such as marriage, buying a house, having children, and divorce, all four can impact tax planning by changing income, tax filing status and eligibility for various tax breaks.

Seven Tips These Experts Recommend if You Fear Capital Gains Taxes

The gains you make on investments can help fund further investments, help you save for a project you’re taking on or even contribute to your retirement. Many people are nervous to invest though because of the potential capital gains taxes they’ll have to pay — or the taxes owed on any profit made on the sale of a particular investment. Financial and investment experts, however, say this fear shouldn’t keep you from investing and explain why as well as give their best advice.