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Financial planners

Why your Roth IRA conversions could have ‘unintended’ tax consequences

by Merchant Moller
Why your Roth IRA conversions could have ‘unintended’ tax consequences

Baona | E+ | Getty Images As year-end approaches, you may be eyeing Roth individual retirement account conversions. The strategy, however, boosts your income, which can have other tax consequences, …

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Retirees can face a ‘phantom tax’ on Marketplace health insurance

by Merchant Moller
Retirees can face a ‘phantom tax’ on Marketplace health insurance

Hero Images | Getty Images Since most Americans aren’t eligible for Medicare before age 65, many younger retirees rely on Marketplace health insurance, which offers lower monthly premiums through the …

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How to harvest 0% capital gains amid the latest stock market rally

by Merchant Moller
How to harvest 0% capital gains amid the latest stock market rally

During a strong year for the stock market, a lesser-known strategy could help rebalance your portfolio and save on future taxes. The tactic, known as tax-gain harvesting, involves strategically selling …

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Understanding Aggressive Hybrid Funds; here’s all you need to know

by Mark McDuffie
Understanding Aggressive Hybrid Funds; here’s all you need to know

Financial planners believe first-time investors in mutual funds can consider an aggressive hybrid equity fund to start with given that it combines two asset classes and is likely to be …

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This overlooked risk can ‘make or break’ your portfolio, advisor says

by Merchant Moller
This overlooked risk can ‘make or break’ your portfolio, advisor says

How sequence risk hurts your portfolio Investors can typically start withdrawing funds from retirement accounts without penalty at age 59½. But there’s a big risk for younger retirees or near-retirees …

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How much cash you need to set aside to prepare for a recession

by Merchant Moller
How much cash you need to set aside to prepare for a recession

Pascal Broze | Onoky | Getty Images As investors face economic uncertainty, financial advisors have guidelines for how much cash they should have set aside. Despite second-quarter economic growth, nearly …

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Kamala Harris’ tax records reveal ‘fairly basic’ approach, experts say

by Merchant Moller
Kamala Harris’ tax records reveal ‘fairly basic’ approach, experts say

U.S. Vice President Kamala Harris and second gentleman Douglas Emhoff descend from Air Force Two in Wilmington, DE, U.S., July 22, 2024.  Erin Schaff | Via Reuters Vice President Kamala …

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Working remotely from a cruise? Here’s why the IRS still expects taxes

by Dennis chmitz
Working remotely from a cruise? Here’s why the IRS still expects taxes

Jenny Hunnicutt poses in front of the Royal Caribbean Ultimate World Cruise, which she’s been on for nearly nine months traveling the world. While on board, she’s working remotely for …

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Here’s how the election could impact the muni bond market

by Merchant Moller
Here’s how the election could impact the muni bond market

The first presidential debate between U.S. President Joe Biden and former U.S. President and Republican presidential candidate Donald Trump is projected on a screen projector during a watch party hosted …

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Here are the 3 financial rules to follow when planning your wedding

by Merchant Moller
Here are the 3 financial rules to follow when planning your wedding

One of the most anticipated events this summer is the wedding of Anant Ambani — the son of Asia’s richest man Mukesh Ambani, who will be tying the knot with …

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