Enhance Today | Enrich Tomorrow
Financial Symmetry has covered several current events on our blog throughout 2021, and here are what we think the Top 10 Economic Stories of the year have been: 1. Social Security to increase COLA at highest rate since 1981 Written…
Here we go again. Republicans and Democrats are squaring off over whether to raise the debt ceiling. The country is facing a partial government shutdown if Congress fails to act by midnight on September 30th. Only essential services – national…
Stock options can be one of the most lucrative benefits of your job, but they can also be a tax land mine. Our resident tax professional, Will Holt, joins us this week to help you build a framework to consider…
Is now a good time to buy rental real estate? According to Zillow, a $235k home bought five years ago in Raleigh is now worth $335k. That’s a 43% increase! Like much of the country, home buyers in the triangle…
Most taxpayers no longer take the itemized deduction since the passing of Tax Cuts and Jobs Act of 2017. The TCJA effectively doubled the standard deduction raising a much higher bar to clear before medical costs, mortgage interest, state and…
Have you wondered if a Roth IRA Conversion will save you more in taxes? 2020 has offered a unique opportunity for some taxpayers to capitalize by making a Roth conversion. This is because the CARES Act allowed for a required…
Even though we’ve faced new challenges with the pandemic, it’s also presenting new opportunities. Sheltering in place has given our family time together that we otherwise never would have had. We have spent time learning new skills. My son has…
It takes a lot of discipline to stick to an investment strategy that calls for patience while stock prices are falling. The urge to do something, to take action, can be overpowering. Unfortunately, many investors take actions that prove harmful to their wealth…
Are you in the Social Security tax bubble? Tax rules are complicated enough, and Social Security benefits during retirement years add another layer of complexity. Your Social Security income can cause your actual tax rate to be much higher than…
As the year comes to an end and you’re spending the holidays with family, tax season probably isn’t at the forefront of your mind. However, by taking a few moments to prepare, you can put yourself in a great position….
