Securities and Advisory Services offered through The Strategic Financial Alliance, Inc. (SFA) – Member FINRA, SIPC. This information is not intended to be a substitute for specific individualized tax, legal or investment planning advice as individual situations will vary.  The SFA does not provide tax or legal advice.

In March, we learned about the Required Minimum Distribution (RMD) rules and how they apply to tax-deferred retirement plans, such as 401(k)s, the Thrift Savings Plan (TSP), and Traditional IRAs. By design, RMDs are the Internal Revenue Code’s mechanism for forcing you to distribute, and pay tax on, the money in your tax-deferred retirement plans….

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As kids start going to back to school, I look back fondly on the Back to School shopping trips I had with my mom.   In particular, I remember shopping for new shoes.  I’d walk in wearing my completely comfortable, and well-worn sneakers.  I’d spend a lot of time breaking those shoes in.  In an effort…

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I love everything about tennis – playing it, working on my swing, improving my strategy on the court, and the exercise that comes with it.  It is an ongoing challenge of mine to improve in all ways possible.  I love watching tennis as much as I enjoy playing it, especially now during the Wimbledon championship….

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If you’re searching for a financial advisor, you’ll want to make sure they act as a fiduciary, too.   So, what is a fiduciary and why is it important? In simple terms, a fiduciary is merely someone who acts in your best interest.   A financial advisor acts in a fiduciary capacity when they put their clients…

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Having just survived another tax season, many tax filers will be on the hunt for any write-off or deduction that may help reduce their future tax liability. In the spirit of making lemonade out of lemons, many have used losses on capital assets to ease the tax burden. In that regard, I’m often asked if…

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