Posts by ndavis
Presence Vs. Presents: Taking a Holiday Break From Your Business
Any small-business owner could attest that everyone needs a break sometimes. And the holiday season may provide an opportunity to take a few days (or longer) for yourself—whether traveling, spending time with the family, or simply sitting at home and decompressing.
Read MoreHow To Navigate Global Geopolitical Events
In an interconnected world, global geopolitical events have an undeniable impact on financial markets. From political unrest to trade disputes and natural disasters, these events can create uncertainty and volatility, leaving investors anxious about their investments.
Read More5 Common RMD Mistakes That Could Ruin Your Retirement
As age 73 nears, it is critical that you begin considering how you want to handle the required minimum distributions (RMDs) you are obligated to withdraw from your tax-advantaged retirement accounts, including 401(k)s, 403(b)s, 457s, and individual retirement accounts (IRAs). According to US New Money, 62% of Americans aren’t even aware that they have to…
Read More5 Ways to Give Tax-Free Gifts
If you plan to gift a sizable amount of money to a loved one, gift tax should be on your radar. Gift tax is a federal tax imposed on transfers of cash or property valued above a certain threshold. Gift tax is paid by the gift giver, not the receiver.
Read More6 Ways to Minimize Your Tax Liability Throughout the Year
You don’t need to wait until the end of the year to look for ways to minimize your tax liability. Tax planning should take place throughout the year to have you prepared well ahead of tax season.
Read MoreWhat the Mid-Terms Might Do to the Stock Market
The 2022 Midterm Elections will feature hundreds of hotly contested races at the state and local level and will decide whether the Democrats maintain – or the Republicans gain – control of Congress.
Read MoreAdvanced Tax Planning Ideas: Tax Loss Harvesting & Ways to Quantify the Benefits
When you lose money on certain investments, you can typically claim the loss against other investments, and in some cases, you may even be able to claim all or a portion of the loss against regular income. Called tax-loss harvesting, this strategy can be critical for investors, day traders, or anyone who regularly buys and sells investments.
Read More5 Helpful Halloween Tricks to Navigating a Scary Stock Market
Investing can be a roller coaster—and, when the market starts dropping, it may even feel more like a haunted house. With recession fears mounting, what can investors do to stay the course and escape unscathed? Here we discuss five tricks to help you navigate a scary stock market. Anticipate and Avoid Surprises If it has…
Read MoreBig Government Weighing on Growth
Taken From First Trust’s October 16th, 2023 Monday Morning Outlook: At the end of October we will get our first look at real GDP growth for the third quarter and it looks like it was very strong. We’ll have a more exact estimate a week from now– after this week’s reports on retail sales, industrial…
Read MoreRetirement Planning Guide for Oil Industry Professionals
The crude oil and natural gas industry has faced significant challenges since the COVID pandemic, including supply disruptions, price volatility, and rapid inflation. However, heavy cash flow for oil and gas companies has led to a plethora of high-paying jobs for many professionals. Below, we discuss tips and tricks that can help oil and gas…
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