What’s New for 2025?
New year, new changes! We look at 5 key updates coming in the new year that could impact your finances. Stay informed and prepared for 2025!
Navigating the Tax Complexities of Hiring Household Employees
Thinking about hiring household help? From nannies to gardeners, employing household staff comes with important responsibilities—especially around payroll and taxes. Learn about worker classification, payroll requirements, tax implications, and how to stay compliant.
Can You Access Your Retirement Plan Money After a Disaster?
If you’ve been impacted by Hurricane Helene, Hurricane Milton, or any recent federally declared disaster, it may be easier than you think to access your retirement savings for recovery. Learn about penalty-free disaster recovery distributions and plan loans from retirement accounts.
Boost Your Income: How Renting Your Vacation Home Can Maximize Your Earnings and Minimize Your Taxes
Owning a vacation home is a dream for many but renting it out comes with complex tax rules that can impact your finances. Understanding the rules is key to maximizing your benefits and avoiding costly mistakes. Get the insights you need to navigate IRS regulations and make the most of your investment!
Real Estate Commission Changes Around the Corner
Big changes are coming to the real estate world! In a landmark $418 million settlement, the National Association of Realtors (NAR) has agreed to change long-standing practices related to sales commissions.
Navigating Benefits and Risks of Real Estate in Retirement Planning
Research Analyst Jacob Keen, CFA, Managing Associate Jarrett McKenzie, CFP®, CWS®, and Associate Peter Lynch discuss a couple who want to increase their investment in real estate in retirement, as they see their rental units providing a positive cash flow.
Thinking of Selling Your Home? Don’t Be Surprised by Capital Gains Taxes
With home prices skyrocketing, the current principal residence capital gains exclusion can be restrictive. Learn how to reduce your tax burden when selling your home in 2024
Insurance Gaps May Pose Risks for High-Net-Worth Households
Accidents can be rare but devastating, and you could be held legally responsible if someone is injured on your property. Is your umbrella big enough? Standard liability policies may not be sufficient to protect your assets in a high-dollar judgment.
How Becoming a Real Estate Professional Unlocks Tax Advantages for Landlords
The IRS defines a real estate professional with strict criteria, and understanding these qualifications can lead to significant tax benefits. Achieving this status requires diligence but can significantly impact your financial landscape. Learn more about how you can benefit!
Real Estate Roundup: Feeling the Impact of Higher Rates
The national median price of existing homes hit a record $407,600 in April 2024, despite high borrowing costs. Learn about the key factors influencing these contrasting markets and their impact on the broader economy.