Transfer of Clean Vehicle Tax Credit to Dealer as Payment for the Vehicle
Learn how to transfer clean vehicle tax credits for immediate financial benefits. IRS guidance provided.
Maximizing Your Returns – Top Tax Deduction Strategies for Investors
Explore effective tax deduction strategies to optimize your finances. Learn how to minimize tax liabilities with expert advice from David Lerner Associates.
Navigating Inflation in Retirement: Strategies for 2024
Explore expert strategies for navigating inflation in retirement in 2024. Protect your savings with investment insights and cost-saving measures.
After a Surprising 2023, a Cautiously Optimistic Economic Outlook for 2024
Despite high interest rates and unsettling geopolitical conflict, the U.S. economy outperformed the expectations of most economists in 2023.1 Inflation-adjusted gross domestic product (Real GDP) accelerated to an annualized rate of 5.2% in the third quarter, after growing 2.1% in Q2 and 2.2% in Q1. Inflation, as measured by the 12-month change in the price index for personal consumption expenditures (PCE), was 3.0% in October 2023, after beginning the year at 5.5%.2 The labor market stayed strong in 2023, though it has cooled off a bit. The unemployment rate edged up from 3.4% in January to 3.9% in October, but is still quite low by historical standards.3
Navigating Market Volatility in Your Retirement
Market volatility is an inevitable part of investing, but it doesn't have to be a source of stress as you near your golden years. By taking a strategic and measured approach, focusing on long-term goals, and seeking professional advice, you can navigate market fluctuations with confidence.
Retirement Timing and Social Security Collection
Later in life, individuals are faced with big decisions that affect their financial well-being and quality of life. Among these decisions, two stand out as major milestones:
Presidents’ Day: Financial Lessons from Our Presidents
As the calendar turns to February, Presidents' Day graces us on the third Monday of February. In 2024, this day of commemoration falls on February 19, providing an opportunity to reflect on the financial legacies left by those who steered the nation through its different eras.
Preparing for the Unexpected in Retirement
Retirement is a significant life transition, a time when individuals seek to enjoy the fruits of their labor and explore new interests. It’s a time to embrace a more leisurely lifestyle. However, the prospect of the unexpected in retirement—whether it’s financial challenges, health issues, or...
Understanding Retirement Income Taxation
Retirement planning involves more than just accumulating savings; it requires a comprehensive understanding of how your retirement income will be taxed. As you transition from earning a paycheck to relying on various income streams during retirement, it's essential to be aware of the tax implications.
Becoming Financially Savvy: Empowering Your Financial Journey
Being financially savvy is not just an aspiration, it's a necessity, especially in 2024.