HSA Deposit Limits for 2018-2019

The 2018 family maximum Health Savings Account contribution limit is $6,900.  It has been widely reported, erroneously, that the limit remains at $6,850.   The 2018 single maximum HSA deposit limit is $3,450. One financial planning strategy everyone can use is to allow your HSA balance to carryover from year to year and be invested in…

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Investment Planning: The Basics

Why do so many people never obtain the financial independence that they desire? Often it’s because they just don’t take that first step — getting started. Besides procrastination, other excuses people make are that investing is too risky, too complicated, too time consuming, and only for the rich. The fact is, there’s nothing complicated about…

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2018 Q1 Market Commentary

After starting the year where we left off in 2017 with the S&P 500 rising more than 7% in January, the market finally met some volatility that we haven’t seen in several quarters.  Inflation fears, higher interest rates, tariffs, privacy concerns and other issues finally took the buzz off of the tax cuts and made…

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There’s Still Time to Contribute to an IRA for 2017

There’s still time to make a regular IRA contribution for 2017! You have until your tax return due date (not including extensions) to contribute up to $5,500 for 2017 ($6,500 if you were age 50 by December 31, 2017). For most taxpayers, the contribution deadline for 2017 is April 17, 2018. You can contribute to…

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All About Credit Scores

It’s difficult to imagine functioning in today’s world without credit. Whether buying a car or purchasing a home, credit has become an integral part of our everyday lives. Having easy access to credit goes hand in hand with having a good credit score, so it’s important to know how to maintain a positive credit score…

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Federal Income Tax Returns Due for Most Individuals

  Filing deadline for most individuals: Tuesday, April 17, 2018 Monday, October 15, 2018, if you file for an automatic six-month extension by the original due date The federal income tax filing deadline for most individuals is Tuesday, April 17, 2018. That’s because April 15 falls on a Sunday, and Emancipation Day, a legal holiday in Washington, D.C.,…

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Pros and Cons of a Big Tax Refund

Many people view their annual tax refund as a bonus or windfall to use as they wish.  This timely video encourages you to consider how you might use a tax refund to help better yourself financially – e.g., by paying down credit card debt or investing the money – rather than engaging in a splurge…

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CFA Recognized as One of Baltimore’s Top Financial Advisors

We are proud to be recognized by Expertise as one of Baltimore’s Top Financial Advisors!  That’s no secret to our clients who have trusted in our fiduciary based services for 20 years.  As we celebrate 20 years in business, we are extremely grateful for the trust our clients have placed in us over the years. …

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