The window of opportunity for many tax-saving moves closes on December 31, so it's important to evaluate your tax situation now, while there's still time to affect your bottom line for the 2022 tax year. Timing is everything Consider any opportunities you have to defer income to 2023. For example, … [Read more...]
Year-End Tax Planning
Strong Dollar Effects, Aging Parents, & Petty Hike
More people lost money waiting for corrections and anticipating corrections than the actual corrections. -Peter Lynch What Does A Strong Dollar Mean for the U.S. Economy? Intuitively, it might seem that a strong dollar is good for the U.S. economy, but the effects are mixed in the … [Read more...]
Caring for Your Aging Parents
Caring for your aging parents is something you hope you can handle when the time comes, but it's the last thing you want to think about. Whether the time is now or somewhere down the road, there are steps that you can take to make your life (and theirs) a little easier. Some people live their entire … [Read more...]
What Does a Strong Dollar Mean for the U.S. Economy?
In late September 2022, the U.S. dollar hit a 20-year high in an index that measures its value against six major currencies: the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona, and the Swiss franc. At the same time, a broader inflation-adjusted index that … [Read more...]
Year-End Tax Tips, Your Credit Report, & Oakley
Fear incites human action far more urgently than does the impressive weight of historical evidence. -Jeremy Siegel 2022 Year-End Tax Tips Whether it's deferring income into next year or increasing your withholding to cover a tax shortfall, here are a few year-end tax tips to keep in … [Read more...]