Tax Reductions
Six Financial Best Practices for Year-End 2022
Submitted by Desmond Wealth Management, Inc. on November 22nd, 2022Managing Gains and Losses in a Turbulent Year
Submitted by Desmond Wealth Management, Inc. on November 15th, 2022It's been a rough Fall for the stock market - so much so that you should probably carefully review your portfolio and other capital transactions to minimize gains or maximize losses for the year. Remember, capital gains and losses are not just limited to stock transactions. For example, stock losses can offset the gain from the sale of a rental.
Earn 9.62 Percent Tax-Deferred Interest with Series I Bonds
Submitted by Desmond Wealth Management, Inc. on September 21st, 2022Inflation is seldom a good thing, but when it comes to investing, the U.S. Treasury Department has an inflation opportunity that’s downright amazing. You can buy bonds that pay 9.62 percent interest — tax-deferred — with no downside risk, and with no state or local income taxes when you cash them in.