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Many people believe this is the primary duty of a financial advisor; however, how the work is completed can differ dramatically among advisors. Some advisors prefer to conductportfolio managementactivities in-house, while other advisors use third-party money managers. Advisors that do this work inte...
How to Navigate the IRS Wash Sale Rule If you're considering tax-loss harvesting, you'll want to avoid running afoul of the wash sale rule. Marguerita ChengDec. 19, 2024 Tax Breaks for Investors With Advisors Financial advisor fees are not tax-deductible now, but there are still tax benef...
Selling tickets in advance is one way for an organization to gauge the interest in a car wash fundraiser. Groups can set a price and sell the vouchers at different locations. This approach eliminates the need for customers to guess how much money to give on the day of the car wash. In...
After a lot of thought, it just didn’t feel right to keep going, so now I’m looking to help people in a different way through writing about personal finance. I’m also working on an online business to help people in the financial planning arena, but that’s still a few years away...
The major perk of using an FSA is that you can set aside pre-tax dollars for medical expenses, which can help you save money. For example, if you owe 30% in state and federal income taxes and contribute $1,000 to your FSA, you save $300 by putting that money in an FSA and using...
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1. What is the wash sale rule? The wash sale rule states that if you buy or acquire a substantially identical stock within 30 days before or after you sold the declining stock at a loss, you generally cannot deduct the loss. Subscribe toKiplinger’s Personal Finance ...
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