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Forefront Wealth
HELP MY TAXES ARE GOING UP!!! President-elect Biden has been inaugurated and gets a name change. Now he is simply President Biden, and with that comes with it more questions than answers. The major question I keep hearing is more of a statement……” help my taxes are going up!!!” Two weeks ago, I broke down...
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Inflation and the Tooth Fairy My 6-year-old daughter (Priya) lost her first tooth yesterday, and couldn’t have been more excited. She proudly held it up for all of us to see, and promptly asked her brother (AJ) how much money the tooth fairy gave him for his last lost tooth. The tooth fairy had left...
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Are my taxes going up? In a little over a week this nightmare of an election season will be over. A new president will be inaugurated, with new policies and different views on what is right for America than our last president. You may agree or disagree but there is no changing the inevitable and...
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New Year, New You, Same Market The start of January and a new year always brings with it the feeling of a clean slate. A chance to alter the direction of the path you’re currently on. Many will make resolutions like spend more time with family, or drink more water. The idea of a clean...
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by Jeff Deiss, CFP CFP, AEP, Wealth Advisor Last night, under pressure from both parties, President Trump signed the aid bill Congress passed after days of uncertainty and confusion in Washington.  The bill carried overwhelming bipartisan support and is arguably a lifeline to many Americans at a time when it is most needed. The “Coronavirus Stimulus...
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by ACM Wealth ACM Wealth Administrator The 2017 Tax Cuts and Job Act limited the deductions for state and local income taxes (SALT) to $10,000.  As a result, many taxpayers began to use the “standard deduction” as opposed to itemizing deductions for federal income tax purposes. This further limited the benefit of charitable deductions to taxpayers...
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by Dr. Charles Lieberman Chief Investment Officer The pace of the economic recovery is slowing, as governments close restaurants and other facilities to stymie spread of Covid. But approval and widespread distribution of at least two vaccines ensure the economy will soon get a booster shot (figuratively) even as the population gets a booster shot...
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2020, a year of regrets?   Happy holidays everyone, I hope your Christmas was wonderful in this odd year where it may have looked very different for the majority of you. The week between Christmas and New Year’s always brings with it a time to reflect on the past year, and if you read other...
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Forefront’s Monday Market Update Stimulus = Futures down almost 2%?!?! Not Surprising Late last night, lawmakers from both sides finally came to an agreement on a Government stimulus package. As I have written about before, anytime the Government undertakes deficit spending, they are alerting the people that at one point that money will be owed...
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by Jeff Deiss, CFP CFP, AEP, Wealth Advisor Absent any last minute changes from Congress, below are a few year-end tax reminders.  This list is not exhaustive and a conversation with your tax advisor is always recommended. Harvest gains and losses before year-end, which is a classic year-end planning technique and one what we employ regularly...
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