by Marilou Davido | Sep 18, 2023 | Resources
Capital Gains Unrealized The term ‘unrealized’ describes the appreciation or decline in market value of a security during the holding period. At the time of sale, the unrealized gain or loss becomes realized (see below). Realized The term ‘realized’ describes the...
by Marilou Davido | Sep 17, 2023 | Resources
Who Must Pay Estimated Tax? Individuals who are unable to withhold income tax from their income stream generally have to make estimated tax payments if they expect to owe federal tax of $1,000 or more when their return is filed. This may include: Self-employed...
by Marilou Davido | Sep 12, 2023 | Resources
Transferring money from an Individual Retirement Account (IRA) to a Health Savings Account (HSA) involves moving funds from a retirement account to a tax-advantaged medical savings account. This process is known as an IRA-to-HSA rollover. However, it’s important...
by Marilou Davido | Aug 28, 2023 | Resources
Avoiding behavioral investing post-retirement requires self-awareness, discipline, and a well-thought-out investment plan. Here are some strategies to help retirees steer clear of common behavioral biases: Education and Awareness: Educate yourself about...
by Marilou Davido | Aug 23, 2023 | Resources
Have you been wondering, “Do I need to file taxes? Is there a minimum income level requirement to file taxes?” Federal tax filing requirements for dependent children are different than nondependent children. Dependent Child In general, a dependent child is...
by Marilou Davido | Aug 23, 2023 | Resources
Your tax filing status dictates your tax brackets, standard deduction amount, and eligibility for many other deductions and credits. Selecting the correct filing status is especially important for divorced individuals or surviving spouses. Filing Statuses – There are...
