Posts by Blaine Carr, Sr. Wealth Advisor
Video: SECURE Act 2.0: Understanding the Benefits for Retirees
We’re back with the final installment of our SECURE Act 2.0 video series. In our final video, Blaine Carr, CPA, CFP®, AIF®, Senior Wealth Advisor, overviews a few of the more important benefits of SECURE 2.0, including changes to catch-up contributions, 529 education accounts, and new Roth rules for employer 401(k) and 403(b) plans. SECURE…
Read MoreVideo: SECURE Act 2.0: Inheriting an IRA: What You Need to Know
Have you recently inherited an IRA from a parent or someone other than your spouse? Maybe you expect to in the future. There have been some recent developments regarding the SECURE Act that you should be aware of. SECURE Act 2.0: Inheriting an IRA: What You Need to Know Video Transcript: Have you recently inherited…
Read MoreVideo: SECURE Act 2.0: RMD Age Changes for 2023
Are you turning 72 this year or know someone who is? There have been some recent developments regarding the SECURE Act that you should know about. SECURE Act 2.0: RMD Age Changes for 2023 Video Transcript: Are you turning 72 this year or know someone who is? There have been some recent developments regarding the…
Read MoreVideo: Estate Planning 101: 5 Important Documents You Need & Why
Most individuals have the vague idea that estate planning is about passing on one’s assets to loved ones when we die. This is true, but it is quite a bit more involved than that. Estate planning is a series of legal documents that clearly spell out your wishes when you pass away or cannot make…
Read MoreVideo: Washington State Long-Term Care Program: What You Need to Know
Washington State has passed a new law mandating public long-term care (LTC) benefits for Washington residents starting in January 2022. The Long-Term Care Act was created to reduce pressure on the Medicaid system and will be paid for by a 0.58% tax on employee wages. While this program may be appropriate for many Washington State…
Read MoreVideo: Optimizing Strategies for Tax-Effective Charitable Giving
What is the best way to make gifts to charity? Charitable giving is one way that many people elect to support a specific cause or organization that is close to their heart. From a financial standpoint, charitable giving can be an important part of your estate, tax, and financial planning. In fact, twenty-six percent of taxpayers…
Read MoreVideo: Bunching Tax Deductions: How It Can Save You Money
Did you used to end up with more tax deductions when you itemized? This is the case for millions of Americans ever since the Tax Cuts and Jobs Act went into effect in 2018. This Act removed dependency exemptions and roughly doubled the standard deduction for individuals. While many taxpayers are better off under this…
Read MoreVideo: Income Tax Payments: Are You Withholding Enough or Too Much in Income Taxes?
You have probably filed your 2020 income tax return by now. Did you owe or did you get a refund? Either is fine, but you might need to modify the amount of tax you pay throughout the year. Senior Wealth Advisor, Blaine Carr provides a deeper look into income tax payments and how proper…
Read MoreVideo: Introduction to Stock Investments
Are stocks risky? Why would I want to invest in stocks? Senior Wealth Advisor, Blaine Carr provides some stock basics and breaks down the main risks and rewards you will face when investing in stocks. Introduction to Stock Investments Video Transcript: Are stocks risky? Why would I want to invest in stocks? Blaine Carr provides…
Read MoreVideo: Introduction to Bond Investments
Do bonds have risk? Do I need bonds? Senior Wealth Advisor, Blaine Carr provides some bond basics and breaks down five main risks you will face with bonds as well as why you should consider a bond investment. Introduction to Bond Investments Video Transcript: Your savings account is most likely paying you little interest. No…
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