Whether from clients or acquaintances, there has been no shortage of inquiries about the stock market’s astounding rise since the onset of Covid in March of last year. During August, we saw multiple highs on the broad-based S&P 500 Index, while the tech-heavy NASDAQ Composite topped 15,000 for the first time, according to data provided by Yahoo Finance.
Did you buy your home many years ago? Or have you been in your current place for just a few years? There are plenty of reasons to sell and seek out a house that is smaller and one that fits your lifestyle. On the flip side, there are reasons you may want to stay in your home. Now that you are in retirement or are nearing retirement, the mortgage may be paid off or you might have a significant equity stake in your primary residence. Much goes into a decision to sell your home, and the process may seem daunting if you have lived in your house for years. Here are some questions to think about.
People say a lot of funny things when it comes to their money and it seems like it doesn’t get any better with retirement. In my nearly 40 years as a financial advisor, here are the top seven funniest things I have heard retirees say about their money.
If you are contemplating selling a business and retiring in the state of Connecticut, there are several factors to be aware of. The onerous tax rates in the state as well as the conditions surrounding retiring here make it a decision not to be taken lightly.
As in any state with significant tax rates, it is important for business owners to contemplate how much tax they will pay when selling a business in the state of Connecticut.
With the recent election and political uncertainty that has ensued, the question crossing many people’s minds is whether or not capital gains taxes are going to be higher in 2021. In this blog we are going to address how we see 2021 capital taxes, and also discuss some ways to potentially to lower your capital gains tax.