Posts by Rob Cordeau, CFP®
Harvesting Gains and Losses (No Prior Farming Experience Needed)
You may have zero interest in agriculture, but trust me when I say that anyone with a taxable investment account should be thinking about harvesting – gain/loss harvesting, that is. You can safely ignore gains/losses in tax-qualified retirement accounts – like your IRA and 401k. Those accounts are only taxed based on withdrawals, not on…
Read MoreCharitable Planning – Leveraging Those Gains
There are few things more rewarding than giving of your resources in a way that has a positive and profound impact on the lives of others. Fortunately, the IRS encourages this type of generosity by classifying donations to qualified charities as tax-deductible. As a result, it’s possible to “do good, while doing well.” But what…
Read MoreHow Can You Protect Yourself from Identity Theft and Data Breaches?
Data breaches are a constant concern in our modern society. As the latest in a long string of data breaches, Equifax recently announced they were the target of a cyberattack in which the sensitive information of nearly half of all Americans was compromised. You can follow this link to see if you’re one of the 143…
Read MoreA Tax on Giving – Understanding the Rules of the Gift Tax
Getting taxed once is hard enough, but getting hit a second time on the same dollars? That’s enough to give a compliant taxpayer the urge to toss crates of tea into Boston Harbor. Whether double taxation like the gift tax is morally right or not is a topic for another article. But if you understand the gift…
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