Do you own/trade cryptocurrency? Interested in investing in Bitcoin, Ethereum, or any of the other 4,000 cryptocurrencies currently available to own and trade?
If so, it is important you understand the income tax consequences of owning crypto.
If you are thinking about buying, selling, or trading cryptocurrencies, watch this quick video from our Wealth Advisor, Matt Regan, to learn the tax consequences of doing so.
When hiring a financial advisor, you expect him or her to always act in your best interests, 100% of the time, right? Unfortunately, this is not always the case. Click below and watch a quick video from Matt Regan, and learn about the important difference between the fiduciary standard and the suitability standard, how they can impact your financial and wealth management plan, and ultimately, your success in growing and protecting your net worth and assets.
Would you rather be rich or wealthy? Do you know the difference? The small financial decisions we make today will have a huge impact on our future. Click below and take 60 seconds to watch Matt Regan’s video message!
Investing early and making intelligent incremental monetary decisions usually leads to BIG THINGS, it just takes time and discipline.
Click below and take 60 seconds to watch Matt Regan, CPA, MBT – Wealth Advisor‘s most recent OneMinuteTaxTip video to learn how a simple change in your financial lifestyle, such as making coffee at home, can end up having a huge impact on your longer-term net worth and your ability to retire when you want to!
This week’s One Minute Tax Tip – old 401(k) and retirement account rollovers! Many people have a retirement account held with a previous employer, but oftentimes don’t know what to do with these assets. Watch this quick video to learn more about the four options available to you.
Feel free to email us at info@towerpointwealth.com to discuss your circumstances further.
Instead of a “regular” One Minute Tax Tip, this week our Wealth Advisor, Matt Regan, brings you encouragement. Encouragement to reflect not only on your 2020 financial accomplishments, but also on your 2021 goals.
Feel free to email us at info@towerpointwealth.com to discuss your circumstances further.
The comprehensive whitepaper focusing on ESG and sustainable investing, recently written by our Director of Tax and Financial Planning, Steve Pitchford, was published within etfdb.com’s ESG channel on December 17. Steve’s report provides a detailed analysis of the myriad of considerations associated with aligning your portfolio with your personal values and investing with a conscience, and a discussion of the plethora of responsible investing products currently available.
This week’s #OneMinuteTaxTip from our wealth advisor, Matt Regan, who shares an interesting personal message while weaving in why it is so important to consider including #lifeinsurance into your #financialplan.
Watch Matt’s video below to better understand how the #taxfree distribution and #financialplanning benefits that life insurance provides helps to provide peace-of-mind to your important family members, and why there is no time like the present to entertain integrating life insurance into your overall #financial and #wealthmanagement plan.
As always, feel free to email us at info@towerpointwealth.com to discuss if this planning opportunity may make sense for you.
This week’s One Minute Tax Tip discusses managing your #charitablegiving in a tax-smart way by considering opening and funding a DAF, or donor advised fund.
In addition to the benefit of potentially receiving an immediate #incometaxdeduction, opening and funding a DAF allows you to transfer and donate stocks, bonds, and other appreciated investments, helping you to avoid paying capital gains taxes on them. Plus, you get to name your DAF whatever you may like (i.e. “The Jones Family Foundation” or “The Smith Philathropic Fund”)!
Click below to watch Matt’s 60 second video to better understand what this strategy entails, why 2020 might be an excellent year to open and fund a DAF, and email us at info@towerpointweath.com to discuss if this planning opportunity may make sense for you.
Wealth advisor Matt Regan, with the first in a weekly series, One Minute Tax Tips, discussing Roth IRA conversions.
In today’s low (and possibly temporary) current income tax environment, considering paying some tax *this year*, in 2020, to do a partial Roth conversion and gain the benefit of having sheltered additional money in a tax free Roth IRA may make sense.
Watch Matt’s 60 second video to better understand what this strategy entails, and email us at info@towerpointwealth.com to discuss if this strategy may make sense for you.
