Dear Friends, If you’re a married woman, it’s important to consider the fact that 80% of wives will outlive their spouses, which means wives need to plan for the possibility of being widowed. Unfortunately, the tax code is not favorable to widows, and it’s important to edu …
Dear Friends, Retirement is something that many of us dream about for a good portion of our working lives. It’s important to remember that this period can last anywhere from 10 to 30 years and will likely come with some unique challenges along the way. Here at Taylor Financial, it’s o …
Dear Friends, It is often said that earnings drive long-term stock market returns. This is why investors pay such close attention to corporate earnings announcements. The ongoing economic uncertainty, high inflation, slower growth, and banking crisis make it even more vital to focus on earn …
Dear Friends, The federal debt limit is once again in the news as the country rapidly approaches a critical deadline on June 1. Investors are understandably nervous about Washington failing to reach an agreement, a possibility that both sides agree would be a self-inflicted catastrophe. Whi …
With the New Year here, it’s a good time to reflect on the past year—and create goals for this year. But whether or not you believe in setting New Year’s resolutions, it’s a good idea to review your finances and make sure they’re in good shape.
The New Year provides a fresh start and the ability to make better decisions than years prior. Towards that end, we have provided a few important tax planning items below that we believe you should review at the start of 2023.
Passing of SECURE Act 2.0 Pushes Back RMD Age (and other items to note)! On December 29, 2022, President Biden signed the SECURE 2.0 Act of 2022 (“SECURE 2.0”) as part of the Consolidated Appropriations Act of 2023. The law includes a provision that increases the starting age for RMDs to 73 …
