OAK STREET ADVISORS
  • Home
  • Services
    • Financial Planning
    • Business Retirement Plan Advisory
    • Investment Advisory
    • FinFit
  • About Us
    • What is a Fee Only Advisor?
    • Our Team
  • Fiscal Checkup
  • Blog
    • Blog
  • Contact

News You Can Use

Year End Tax Planning

11/23/2016

0 Comments

 
Picture
With the end of the year approaching now is the time to look for opportunities to save on income taxes. Here are some items you should look for.

  • Determine whether bunching deductions into 2016 or 2017 will enable you to itemize. 
  • Maximize the $14,000 per donee annual gift tax exclusion if estate taxes are a concern
  • Maximize contributions to retirement plans
  • Look to offset any capital gains with any losses you might have, don't forget you can claim an extra $3,000 per year in losses over gains
  • Estimate income and deductions year-to-date. Consider if accelerating or delaying income can reduce your tax bill
  • If you are over 70 1/2 and have not taken you required minimum distribution from an IRA, consider making a direct contribution from your IRA to a qualified charity
  • Homeowners can claim a credit of up to $500 for energy improvements (limited to $200 for windows) but only if completed before 12/31/2016
  • If you will be paying college tuition in 2017, consider making a contribution to your state's 529 plan in 2016, if the state allows a deduction for 529 plan contributions

0 Comments

Average is not Normal

11/23/2016

0 Comments

 
Picture
Over the last 80 years the stock market has advanced an average of 10% each year, but average is not normal when it comes to the stock market. The table pictured on the left shows the actual returns for the S&P 500 each year since 1975.
How many of those returns were 10%? How many fell between 9% an 11%? Not many were even close to average.

Picture
So while you may be hoping for your investments to look like this.

Picture
You will likely experience something like this.

0 Comments

    Archives

    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    September 2015
    August 2015
    June 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014

    Categories

    All
    401k
    403b
    529 Plans
    Annui
    Annuities
    Behavioral Economics
    Bonds
    Budget
    Charity
    College Planning
    Credit
    Credit Cards
    Debt
    Economics
    Estate Planning
    Federal Reserve
    Fiduciary
    Financial Planning
    Goals
    Gold
    Income Tax
    Income Tax Planning
    Insurance
    Interest Rates
    Investing
    Investments Expenses
    IRA
    Jobs
    Life Insurance
    Real Estate
    Retirement
    Retirement Income
    Risk
    Rollover
    Roth IRA
    Savings
    Social Security
    Special Needs
    Stocks
    Video

    RSS Feed

  • Home
  • Services
    • Financial Planning
    • Business Retirement Plan Advisory
    • Investment Advisory
    • FinFit
  • About Us
    • What is a Fee Only Advisor?
    • Our Team
  • Fiscal Checkup
  • Blog
    • Blog
  • Contact