Category: Investments
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Are Trump Accounts Worth It for Your Kids? What We Know So Far, And What We Don’t.
Among the many changes in the tax code in the last year, one of the more interesting (and confusing) is the new addition of the so-called Trump Accounts. The goal of these accounts is to provide “long-term financial security for millions of children” in America. The question, at least for now, is how exactly these…
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Making Good Money but Still Stressed? Start 2026 With a Simple 6-Part Plan to Reduce Financial Stress for Business Owners.
As income increases, so do financial complexities, both in personal and business finance. As new problems emerge, owners can feel they are on the back foot trying to handle their finances. Each time one area is solidified, another side poses new problems. While no financial plan can completely cover future problems, covering the basics across…
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What About Capital Gains? 5 Strategies For Small Business Owners to Defer or Reduce Their Capital Gains.
Large capital gains are always something worth planning for. Especially after selling a business, tax years with large capital gains can feel particularly painful when the tax bill comes. Even though long-term capital gains are taxed at more favorable rates, there are still many planning opportunities to reduce the taxes even further. Capital Gains When…
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How Can I Sell My Real Estate? How 1031 Exchanges Can Help With the Taxes.
Attempting to sell appreciated investment properties can include a significant tax decision. Many investors could have tens or hundreds of thousands of gains that could be taxable. To make matters worse, investors may have to recapture the depreciation they claimed in previous years. Highly appreciated real estate can be a struggle to move into another…
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Is Buying Rental Properties a Good Idea? Why Business Owners are Drawn to Real Estate.
Why do so many business owners buy real estate? Usually, when I am reviewing the total assets of a business owner, inevitably, they own real estate outside of their home. That could be residential or commercial real estate, and usually more than one. While real estate is one of many investments, some owners value the…
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What is Tax Loss Harvesting? A Smart Way to Cut Taxes Without Hurting Your Investments.
When markets get choppy, some clients ask for proactive ways to take advantage of everything going on. For business owners and professionals with money in brokerage accounts, they could have an opportunity to lower their taxes without altering their overall investment plan. Tax loss harvesting is a strategy that lets you use temporary losses to…
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When is the Best Time to Invest? How Dollar-Cost Averaging Could Make that Decision Easier.
If someone tells you when the perfect time to invest in the market is, they are likely lying. Market timing is always a popular topic, especially with the recent drops in the market. If you recently acquired excess money from a bonus, cashed out an investment, sold a business, etc., you may question how to…
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What are the Seven Sources of Income? Do I Need All Seven?
There are many ways to generate money and income in the modern economy. Every now and then you hear about all the different sources of income someone has. What you don’t hear is what each one means and whether it truly benefits you to have them. There are generally seven major sources, and each one…
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What is Cost Segregation? How Business Owners Can Turn Their Properties into Massive Tax Deductions.
Does real estate really have all the tax breaks that people talk about? Real estate has always been a very important investment for many people. Business owners and real estate investors alike have benefited from many of the IRS rules surrounding their properties. As many of the top real estate investors may know, utilizing the…
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Should I Convert My IRA to a Roth? Why We Talk to Hundreds of Clients About Roth Conversions Each Year.
Now that we have entered October, the year-end tax planning cycle is starting to pick up. For many that hopefully means attempting to determine their total income for the year and look to maximize their income from a tax perspective. That is when IRA to Roth Conversions enter into the conversation. For those with money…
TC Falkner 