Archive - February 2016

1
Three Tax Considerations for Military Personnel When Selling Your Home
2
IRS Tax Filing Deadline Extended
3
Tax-Free, Taxable or Tax-Deferred Accounts: Where Should Your Investments Be?
4
Are You Working With an Investment Advisor or a Financial Planner?

Three Tax Considerations for Military Personnel When Selling Your Home

In the military, when you make the decision to sell your home, it can be for any number of reasons: relocation, buying a bigger home, downsizing, retirement/separation, or because it makes financial sense to do so. Whatever the reason for selling your home, let’s take a look at three tax considerations you should account for:

Your realized gain

When selling any real estate, the IRS definition of realized gain accounts for many things you may not have thought about. According to the IRS, the basic formula for calculating your realized gain is: Selling price – selling expenses – adjusted basis. …

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IRS Tax Filing Deadline Extended

Taxes are usually due by April 15th; however, the deadline has been extended because April 15, 2016 is Emancipation Day in Washington, DC. Given that April 15, 2016 is a Friday, the next business day, and the day taxes are now due, is April 18, 2016. Additionally, due to Patriots Day, Residents of Maine and Massachusetts have until April 19, 2016 to file taxes.

 

Taxes_Due

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Tax-Free, Taxable or Tax-Deferred Accounts: Where Should Your Investments Be?

To build assets for the future, investors seek to create diversified portfolios with a mix of investments that match their time horizon and their appetite for risk. In practice, that means portfolios are generally composed of different types of equity (stocks) and fixed-income (cash and bonds) investments. But beyond the mix of investments you hold, […]

The post Tax-Free, Taxable or Tax-Deferred Accounts: Where Should Your Investments Be? appeared first on Chamberlain Financial Planning & Wealth Management.…

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Are You Working With an Investment Advisor or a Financial Planner?

The Investment Advisers Act of 1940 states that an ‘…‘‘investment adviser’’ means any person who, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or as to the advisability of investing in, purchasing, or selling securities…’

Unfortunately, there is little regulation over what people giving financial advice can call themselves – adviser, advisor (yes, there is a difference), financial consultant or wealth manager – just to name a few.  Therefore, even though we have this definition above there is much confusion among consumers.

Investment advisors are often …

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