David’s Recent Posts

Why is Budgeting Important for Financial Planning?

Why is Budgeting Important for Financial Planning?

Creating an effective financial plan for your future requires that you make a comprehensive budget that takes all of your monthly income and expenses into account. If you want to gain financial security, having a budget can help you achieve your goals in a more structured manner. This article takes a closer look at why budgeting may be important for your financial plan.  

Sep 29, 2022

What Is An Administrator Bond?

What Is An Administrator Bond?

Creating and maintaining an estate to pass on to others requires thought and the assistance of accountants and attorneys. Also important is creating and maintaining a will to ensure that designated beneficiaries can receive the estate.  

Sep 25, 2022

Do Capital Gains Affect Your Tax Bracket?

Do Capital Gains Affect Your Tax Bracket?

Understanding the difference between ordinary income and capital gains (both long and short term) and how these affect each other can be confusing. As an investor, you can benefit from managing your tax obligations. A clear explanation of tax brackets is a good starting point.

Sep 20, 2022

What Are the Benefits of Investing in a Delaware Statutory Trust in Florida?

What Are the Benefits of Investing in a Delaware Statutory Trust in Florida?

Investing through a Delaware Statutory Trust can be an attractive tool for many investors. Here’s how it works:

Sep 15, 2022

What Is Required Minimum Distribution (RMD) And How Do You Calculate It?

What Is Required Minimum Distribution (RMD) And How Do You Calculate It?

If you’re like many in the workforce (as either an employee or a business owner), the chances are pretty good you’ve set up some kind of defined contribution plan for your retirement years. During each pay period, you’ve contributed a certain amount from your earnings to that plan, and maybe you’re taking comfort in seeing that balance grow. 

Sep 1, 2022

What Happens If I Don't Depreciate My Rental Property?

What Happens If I Don't Depreciate My Rental Property?

Owning and maintaining a rental property can be expensive — not to mention considerable work. Luckily, some of the expenses are deductible and claiming depreciation helps defray the cost of property ownership. Depreciation is a deduction that allows the investor to recoup the cost of assets (in this case, the rental property) used as a source of income.

Aug 30, 2022

Do You Pay Taxes On Capital Gains That Are Reinvested?

Do You Pay Taxes On Capital Gains That Are Reinvested?

One primary goal of investing is to earn gains. It doesn’t make sense to invest with an intent to lose money (in most cases) so safeguarding earnings is often a key priority. When an investor can sell an asset for more than the basis (what they paid for it and any adjustments), that is a capital gain. If the investor holds the investment for less than one year, the gain is short term, and the IRS will tax it at the investor's ordinary income rate. If the investor holds the asset for one year or more, the gain is considered long term and the tax rate is lower. However, investors can employ specific strategies to reduce and defer their capital gains tax obligations.

Aug 25, 2022

Do Vehicles Qualify for a 1031 Exchange?

Do Vehicles Qualify for a 1031 Exchange?

The tax code seems to be constantly changing, and that applies to the rules regarding 1031 exchanges too. Do vehicles still qualify for a 1031 exchange? That’s what this article will discuss.  

Aug 22, 2022

How to Get Out of a Commercial Lease in California

How to Get Out of a Commercial Lease in California

Signing a long-term lease on a commercial property in California can bring about increased risk for your business since you’ll be on the hook for making those lease payments for three to five years, if not longer.  

Aug 15, 2022

What Are the Advantages of Investing in Triple Net Leases in Texas?

What Are the Advantages of Investing in Triple Net Leases in Texas?

Real estate investors have long looked to Texas for commercial (and residential) investment properties. Small wonder – Texas has many large metropolitan areas that continue to flourish and grow, and it’s earned a reputation as a tax and business-friendly state. Tesla and Oracle already abandoned their California headquarters for new digs in Austin, while Hewlett-Packard is moving its corporate operations to Houston later in 2022.¹

Aug 10, 2022

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