7 Tax Essentials for Snowbirds Snowbirds frequently head to places like Florida, Arizona, or California in the winter months, and come back during the summer months. Before you pack up and fly away, here are 7 tax essentials to help you figure out the tax side of being a snowbird. Decide on your “tax residence.” State …
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International Women’s Day is March 8th. The theme is #EmbraceEquity. For more information on this global event, visit https://www.internationalwomensday.com/. SWMG believes in supporting women and families by empowering women through financial literacy. Some women manage household cashflow / balance the checkbook, some serve as the lead in financial decision making, and others have little to no involvement in …
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Like many of our clients, you might be thinking about moving out of state. What issues should you consider when moving out of state? There is much to consider prior to and during ownership of a second home especially when moving out of state. Thinking about everything from cashflow, tax implications, and insurance to estate …
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The SECURE 2.0 Act is now law. The legislation provides a slate of changes that could help strengthen the retirement system—and Americans’ financial readiness for retirement. The law builds on earlier legislation that increased the age at which retirees must take required minimum distributions (RMDs) and allowed workplace saving plans to offer annuities, capping …
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In a further attempt to expand and promote retirement savings, Congress passed SECURE Act 2.0 as part of an overall spending bill, the 2023 Consolidations and Appropriations Act. President Biden signed the bill into law on December 29, 2022. OVERVIEW The SECURE Act 2.0 is a follow-up bill to the original SECURE Act passed in …
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Financial Resolutions for 2023 The beginning of the year is a great time to set and review your financial goals. Thinking through and creating a plan can go a long way towards achieving your long-term financial success. With that in mind, consider the following: ☐ Learn more about upcoming changes surrounding the SECURE Act 2.0, …
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The average cost of a private, single room in an assisted living facility is $4,500 per month? How will you or a loved one pay for assisted living? With 7 out of 10 people requiring assisted living care in their lifetime, it’s an important topic to understand. Medicare won’t cover the cost of a long-term …
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Estate Planning Basics Explained: Estate planning is essential for safeguarding your legacy, regardless of age or financial status. A well-crafted plan helps minimize taxes, avoid legal complications, and ensures that your assets are distributed according to your wishes. For further insights, tune in to Jill’s podcast with Attorney Heidi McAra. Our podcasts will cover topics …
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This blog assumes you know what cryptocurrency is. The Biden Cryptocurrency Executive Order EO serves as a high-level homework assignment to the other branches of government. Basically, it highlighted what’s been happening in this area in the past few years: Digital assets are skyrocketing in terms of market cap (going from $14 Billion in 2016 …
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Women are making money moves where it counts. According to a recent study from Fidelity, young women are beginning to invest almost a decade sooner than those from previous generations, and are investing their excess savings outside of just retirement accounts. The average age for a woman to open her first brokerage account is now …
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