Laura Hawley – CFP®, President at Allen & Company
Troy Garcia – CFP®, Financial Advisor at Allen & Company
In this episode, we discuss last minute Tax moves that may help cut your Tax Bill for 2018. We will look at opportunities that may help reduce Tax Liabilities, updates for the 2018 Filing Season, Tax changes, how you can prepare yourself for your 2019 Taxes, and much more.
In this episode we cover:
- Economic Compass (1:18)
- How Tax Law changes have affected the Filing Season and what you should be doing prior to seeing a tax professional (7:27)
- Adjusting your withholding and how it can affect your 2019 Filings (13:00)
- 1099, Investors, and Capital Gains (15:38)
- What is Cost Basis, and how to come up with a Cost Basis for a Mutual Fund (20:13)
- How to Tax plan for 2019 (27:23)
- How to use a Health Savings Account (30:56)
- Financial Spring Cleaning (32:58)
Links From the Show:
Most Investors basically lost all of their gains that they might have had in their portfolio that last quarter of 2018. – Laura Hawley, CFP®, President at Allen & Company
It’s all about the long term and what your risk are. – Laura Hawley, CFP®, President at Allen & Company
If you’re a long-term investor you can’t be making decisions on short term. – Laura Hawley, CFP®, President at Allen & Company
Consider adjusting your withholding on your paycheck. – Troy Garcia, CFP®, Financial Advisor at Allen & Company
…So you want to make sure you have that cost basis number in there and it transfers over. – Troy Garcia, CFP®, Financial Advisor at Allen & Company
Roth IRAs are not deductible. – Troy Garcia, CFP®, Financial Advisor at Allen & Company
About LAURA HAWLEY
Laura began her lifelong career at Allen & Company as one of the youngest Financial Advisors in Florida more than 30 years ago.
A CERTIFIED FINANCIAL PLANNER™, Laura joined Allen & Company in 1983 and now serves as President and Chairperson of the Executive Committee. In addition, she was appointed to the Board of Directors in 2001. Laura played a crucial role in establishing the Viera office and served as Branch Manager until 2015. She holds Series 7, 66 and 24 licenses, as well as her Life, Health and Variable Annuities.
Laura’s holistic approach to financial planning, and her passion for teaching...