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Ask Mari: I Just Sold My House. Do I Owe Taxes?

Home prices are on fire in South Florida and elsewhere. No wonder several of our clients are taking advantage of sky-high real estate valuations to sell. But once you sell, could some of that money be owed to the IRS for taxes? That’s one of the most common questions our clients are asking. Here’s a […]

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Retiring? Avoid This Big 401(k) Rollover Mistake

Three-quarters of retirees “de-risked” their portfolio by reducing stock exposure when they quit working and rolled their workplace 401(k)s to an IRA. The de-risking dilemma That may seem like a good idea. But unfortunately, in some investment environments, making big, sudden changes to your fund mix at retirement can be a major mistake, according to […]

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Quarterly Tax Estimates Due September 15

Do you owe quarterly estimated taxes? Many of our clients do. You may need to submit taxes quarterly if your tax withholding is not sufficient to cover total taxes due, or you receive investment, retirement or other income not subject to withholding. A quick reminder that your next quarterly tax estimates are due Wednesday, September […]

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Why No One Likes IRMAA: Medicare’s Stealth Tax Targets Higher Income Retirees

Back in 2018, we ran our first blog article about IRMAA, the stealth tax raising Medicare premiums for higher income retirees. Three years later, we continue to get calls from clients complaining about these nasty Medicare premium hikes, and it seems like even more of our retired clients are being bit by these back-door tax increases. […]

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More 401(k) Millionaires Than Ever

Baby boomers are joining the ranks of the million dollar retirement club in record numbers, thanks to powerful growth in market values over the last decade. Fidelity Investments says the number of customers with 401(k) accounts totaling over $1 million in value exploded by 84% over the past twelve months, while IRAs of similar value […]

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Look for Big Cost-of-Living Jump in Your Social Security Benefits for 2022

The official numbers aren’t out yet but you can look for a big cost-of-living hike in your Social Security benefits for 2022. The increase is designed to help your benefits keep up with inflation. Word on the street says your monthly benefits will jump by 6.2% or perhaps even more starting next January. That would […]

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Congratulations To Scott Weigel On Earning His CFP® Certification!

Warm congratulations to our Boca team member Scott Weigel on earning his CERTIFIED FINANCIAL PLANNER™ certification and the right to use the CFP® marks! Scott recently passed the rigorous CFP® Certification Examination and met other requirements needed to earn the certification. We’re thrilled to recognize this significant achievement and Scott’s hard work! What’s involved in becoming a […]

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5 Things To Know About The New Infrastructure Bill

It’s not law yet, but the much anticipated $1 trillion infrastructure package is moving along through Congress. The Senate passed the bill last week. Now it goes to the House. Here’s a quick summary: Why is the Infrastructure bill important? First of all, while the details are still being worked out, the legislation has rare […]

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Student Loan Relief Extended Once Again

Due to the COVID-19 pandemic, the federal government put student loan repayments on ‘pause’ since last year. Borrowers with federal student loan debt have been allowed to skip payments, so they can use their financial resources to pay for necessities like rent, food, child care, or other bills. The White House just announced that those […]

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How to Make the Most of the New Child Tax Credits

What is the best way for parents to make the most of the extra $250 to $300 a month? Across the state, Florida families have started receiving monthly Child Tax Credit payments that took effect last month as part of the federal government’s pandemic relief. According to the IRS, 90% of American families with children […]

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