The Realized Team’s Picks
What Is the Difference Between a Realized Gain and an Unrealized Gain?
When you buy a real estate investment property, your goal is likely to make a passive income, grow your portfolio, and eventually sell the property for a profit. The profit you make from selling a property yields what’s known as a realized gain; however, you can predict this profit by calculating the unrealized gain on your investment to understand the best time to sell your property.
How Is Retirement Income Taxed Per State? Part 5
When you're planning your future, you should have a clear understanding of what your taxes will be. Keep in mind that some states will tax 401(k) and IRA account income without taxing Social Security benefits. How will income be taxed across states? Here is a guide on how retirement income is taxed in 10 states.
How to Reduce Inflation Risk in Construction
Anyone reading today’s headlines (or trying to heat their homes, fill their cars, or buy food) knows that prices are going up. By the end of June 2022, the U.S. inflation rate stood at 9.06%, close to double the 4.99% reported at the same time the year before.
What Is Retirement Income 1099-R?
The U.S. Internal Revenue Service employs various forms to share information with taxpayers about what it knows concerning their income. One of these “form families” is a series of 1099 forms. For example, the 1099-INT reports interest income you have received, 1099-C is for canceled debts, 1099-H involves Health Coverage Tax Credit Advance Payments, and the 1099-MISC communicates miscellaneous income not classified elsewhere. The 1099-MISC is often used to report money paid to an independent contractor by a company that is not the contractor's employer. The IRS requires most of these forms to be sent by the payer by January 31 of the year after the payment was made.
Family Financial Planning: What You Need to Consider
Family financial planning includes establishing shared goals, communicating intentions, and creating a strategy for accomplishing the desired outcome. Planning can be as simple as a family budget or as involved as a family office. Naturally, the more substantial the wealth, the more detailed the planning will need to be. But every family can benefit from discussing their goals and plans, the strategies they employ, and even the philosophy that guides their investment decisions.
What Is a Turnkey Asset Management Program?
Financial advisors and asset managers often turn to Turnkey Asset Management Programs (TAMPs) to help them manage clients’ accounts.
How Does Depreciation Work On a Triple Net Lease (NNN)?
Depreciation is one of the best tax deductions for real estate investing. It’s a non-cash flow expense because it doesn’t affect an investor’s bank account but can reduce taxable income.
How Is Retirement Income Taxed Per State? Part 4
While your expenses will likely decrease once you reach retirement age, many retirees don't factor in potential taxes when budgeting out what their future expenses will be. Many states choose to tax some or all retirement income. You may also live in a state that doesn't tax any type of retirement income. Here’s an overview of how some states tax income.
The Basics of Capital Gains
The IRS taxes different types of income at different rates. For example, when it comes to some types of capital gains, they can be taxed at more favorable rates than ordinary income. However, not all capital gains are taxed equally, and rates vary widely.
What Are The Components of a Financial Plan?
A financial plan can be an essential element of financial stability and helping you reach your financial goals.
