Author archives for Carson Wealth

    The Month Ahead — May Economic and Market Review

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    The Month Ahead — May Economic and Market Review

    Whatever it takes “Within our mandate, the Fed is ready to do whatever it takes to support the economy. Believe me, it will be enough.” Wait, did Fed Chief Jerome Powell really say that? No, he didn’t, but the Federal Reserve’s (The Fed’s) actions seem to have said it for him.  Given the sp …

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    How to Grow (and Keep) Your Emergency Fund

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    How to Grow (and Keep) Your Emergency Fund

    The most solid strategy is to build an emergency fund – accessible, ready and able to support you and your family when you hit a rough patch. Let’s look at a few essentials on creating and protecting your rainy-day money, and how this fits into your overall wealth plan. 

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    What Should You Do About The Coronavirus And Stock Market Volatility?

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    What Should You Do About The Coronavirus And Stock Market Volatility?

    The financial markets took a big dip early this week over fears about the spreading coronavirus, erasing gains from earlier this year. After the Dow lost over 800 points on Tuesday, it was down a total of 1,900 points in two days. Investors are understandably nervous about their money and t …

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    4 Hurdles in Retirement Beyond Your Investment Portfolio

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    4 Hurdles in Retirement Beyond Your Investment Portfolio

    Becoming hyper-focused on only one aspect of a problem is pretty much never a good approach. A racecar driver who only focuses on speed and ignores strategy won’t win races, at least not many of them. A carpenter who only hammers in nails won’t build strong structures. 

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    10 Tax Planning Tips Your CPA Might Have Missed

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    10 Tax Planning Tips Your CPA Might Have Missed

    There’s more to tax planning than you think. Do you understand how each of your accounts are taxed? How did you set up your retirement plan? Have you considered an HSA? Take control of your taxes and how they fit into the big picture. Check out 10 planning tips your CPA might have missed. C …

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    How Your Employee Benefits Fit into Your Financial Plan

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    How Your Employee Benefits Fit into Your Financial Plan

    Your Health Savings Account (HSA) is a cornerstone of your benefits planning. The money is triple tax-advantaged – contributions, growth and withdrawals for qualified expenses are not taxed. This account is like nothing else, and you need to take full advantage of it. 

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    How to Think Three-Dimensionally About the Rent or Lease or Buy Question

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    How to Think Three-Dimensionally About the Rent or Lease or Buy Question

    There’s more to this central question – rent/lease versus buy – than simply the numbers in your bank account. What you don’t spend in cash, you may spend in time and energy; what you save in this market you may pay for a year from now when the market is depressed.

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    Small Business Owners

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    Small Business Owners

    199A Deduction – Big Change for Small Business Owners Two-hundred-forty-seven pages later, we have one large IRS document and a whole lot of questions. For small business owners, 199A deductions are complex. Do you fall into the 95 percent of small business owners covered? When do 199A dedu …

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    5 Common Retirement Planning Mistakes

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    5 Common Retirement Planning Mistakes

    Your retirement income plan may be sending up bubbles, too, whether around Social Security, taxes, healthcare or somewhere else – and these losses need to be patched up right away. So, to help your retirement plan be more airtight, let’s look at a few of the common leaks. 

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    4 Tips to Take Your 401(k) to the Next Level

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    4 Tips to Take Your 401(k) to the Next Level

    The best kind of money isn’t old, new or even tax-advantaged – it’s free money! If your employer has a 401(k) program, they probably have a matching plan. Know what that is and make sure you max it out. They’re essentially giving you money, which you never want to turn down.

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