Category: Taxes

Most American workers who have at least 10 years of work history will be able to start taking Social Security benefits as soon as they reach age 62. But should they? Some years back, there was considerable debate about whether a person was better off receiving the monthly checks early and investing them in the … Continue reading “Social Security: Take or Delay?”

When the 2017 Tax Cuts and Jobs Act raised the standard deduction for taxpayers to $24,000 for couples ($12,000 for singles), and lowered individual tax rates, an unintended consequence was to reduce the tax benefits of making charitable donations. Fewer taxpayers were itemizing, which means their donations didn’t count as deductions. Itemizing taxpayers—including people who … Continue reading “QCDs to the Rescue”

Reports from the Federal Reserve, which sets interest rate policy in the U.S., have famously told us that the current inflation that we’re experiencing is “transitory” despite a lot of data that might seem contradictory.  (Has anybody seen gas prices lately?  Has anybody tried to buy a house in this market?) The current labor shortage … Continue reading “Inflated COLA”

Wise investors take the “big picture” view. Many of our Middle-Class Millionaire clients have heard what’s brewing in Washington, D.C., often referred to as The Build Back Better Act, the $3.5 trillion budget reconciliation bill, or the Jobs and Economic Recovery Plan for Working Families. Regardless of what name you’ve heard, one fact is clear: … Continue reading “Are Your Taxes Going to Change?”

What role should taxes play in your investment decisions?    As a Middle-Class Millionaire it is important to be well informed of tax laws and how they can affect your investments. Along with a tax professional, we help our clients with the intricacies of taxes and how they play a role in their portfolio.    Will … Continue reading “Tax Efficiency in Retirement”

What to know and dates to remember As we enter tax season, we encourage you to reach out to your advisor here at Kendall Capital for any forms or may need or questions you have as you prepare your taxes. Recently, the Internal Revenue Service (I.R.S.) announced that tax season will start a little later … Continue reading “Tax Filing Season Is a Little Later This Year”

Here is what you need to know. Financially, many Middle-Class Millionaires associate April with taxes – but we should also associate April with important IRA deadlines.   April 15, 2021 is the deadline to take your Required Minimum Distribution (RMD) from certain individual retirement accounts. Your advisor at Kendall Capital can help you navigate through and … Continue reading “2020 IRA Deadlines Are Approaching”

Things you can do for your future as the year comes to and end. What financial, business, or life priorities do you need to address for the coming year? Now is an excellent time for Middle-Class Millionaires think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement … Continue reading “Annual Financial To-Do List”

Some life and financial factors that Middle-Class Millionaires sometimes overlook. We all have our “blue sky” visions of the way retirement should be, yet our futures may unfold in ways we do not predict. So, as our clients at Kendall Capital think about their “second act,” we encourage them to consider some life and financial … Continue reading “Retirement Blindspots”

Numbers for Middle-Class Millionaires to know for the new year. On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although this year’s adjustments will not bring any major changes, there are some minor elements to note. Clark Kendall recently told WTOP news that contributions limits are based upon inflation, … Continue reading “2021 Limits for IRAs, 401(k)s and More”