election trading

Our Quick Election Thoughts

As I watched the markets “crash” overnight, I was reminded of the Interactive Broker’s commercial that is the picture in this blog post. It features a woman sitting down to a dinner date saying, “Markets are a mess, everybody’s selling…wow the market’s already down 2%, I’m sorry I need to do some hedging trades!” I was thankful that the market was closed during the election because by the time 9:30…

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5 Things Everyone Should Know About Death and Taxes

When tragedy strikes, be financially prepared. Halloween is right around the corner, meaning so is the busiest time of year: Thanksgiving, the winter holidays, Valentine’s Day, and my all-time favorite season finale – tax day. With visions of the Grim Reaper in my head, I am reminded of the two inevitabilities that we all (begrudgingly) accept: death and taxes. Having recently been involved in the settling of an estate for…

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Taxed or Not: Where to Hold Your Retirement Cash

When saving for retirement, many people use a combination of tax-deferred and taxable investment accounts. But how should you allocate your portfolio between them? Is it better to put high growth assets in the tax-deferred accounts or is it better to put tax inefficient assets in them? The answer may be both, but there are definite strategies to consider when choosing where to hold your savings. Given the tax-favored treatment…

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exit your business

Monument Quarterly Q2 2013

Our 2nd quarter newsletter includes articles on risk, volatility and tax-deferred investing by our managing partners, David B. Armstrong, CFA, and Dean J. Catino, CFP®, CRPC®. It also gives an update on what’s been happening at our firm! Read more…

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Tax-Deferred Investing Matters More Than Ever

There’s an anonymous quote that is very fitting given the new realities of our current tax environment, “I’m putting all my money in taxes — it’s the only sure thing to go up.” Yes, taxes have gone up for many Americans, and it’s my opinion that our politicians will continue with the eternal battle of taxes and spending for years to come. As we consider taxes in the financial planning and investment…

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Use a Roth 401(k) to Boost Retirement Saving

There’s a case for a Roth as new 401(k) options emerge. Many companies are starting to offer employees the choice of Roth 401(k)s as well as traditional 401(k)s. Both are tax-favored accounts. A traditional 401(k) invests pretax money and is taxed upon withdrawal, while the Roth 401(k) invests post-tax money and is not taxed upon withdrawal. Which is a better way to invest? If tax rates are constant, then a…

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Where Money Can Go When You Die

Death, taxes, and your cash. Given the current environment, a lot of people ask me, “Dave, what do you think is going to happen with the fiscal cliff?” My response: I have no idea. Seriously. And neither do you or anyone else writing about the subject. I don’t think President Obama knows either. And really, is Washington’s decisive moment going to answer every question about your financial future? Most likely…

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Monument Wealth Management in the New York Times

Hasty Decisions May Cost More Than Higher Taxes

With all the ominous talk of tax increases and a “fiscal cliff” if President Obama and Congressional leaders can’t agree on a plan to avert automatic tax increases on Dec. 31, some investors may be tempted to act soon to take advantage of the current tax rates. Read more…

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Forbes

3 Reasons To Fear Obama’s Dividend Tax Increase

President Obama’s proposal to raise the tax on corporate dividends should leave investors trembling. It has the ability to affect anyone with an interest in equities, from the executive in the c-suite to the grandmother next door.

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Tax-Free Wealth Transfer: This Season’s Best Gift

Give it before Uncle Sam takes it away. Last December’s estate tax legislation was an exceptional present for families. For the next two years, tax laws were enacted to raise the gift-tax exemption from $1 million to $5 million for individuals and from $2 million to $10 million for couples. Simply put, a couple can gift up to $10 million and not pay a penny in taxes to the federal…

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What the Tax Cuts Mean for You

The compromise will be a relief for both investors and their advisors when planning for the future. Unless you have been hiding under a rock, you know by now that the Obama Administration and the Republicans have reached a compromise on the Bush-era tax cuts, which will not only extend the current income tax rates for the next two years for all Americans, but also keep any capital gains and…

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Washington Post

Ask The Experts

The benefit of selling investments in taxable accounts that have incurred sizable losses is that the losses can be matched against current or future realized gains to offset taxes. However, it is important to be aware of the wash sale rule. It prevents investors from claiming the loss if they repurchase an identical security within 30 days of the sale. It makes sense to sell investments with large losses and…

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