Investing Capital Gains in a Qualified Opportunity Fund: Special Tax Benefits

by Julie Long | Jul 9, 2026 | Capital Gains Tax, General, Investment, Investment Strategies, Long Term Investing, Tax, Tax Strategy

  A number of special federal tax benefits are available for investing capital gains in a qualified opportunity fund. These include: (1) the rolling five-year deferral of tax on the capital gains, (2) the partial exclusion of the capital gains from gross income...

A Midyear Tax Checkup May Help Manage Unwanted Tax Consequences

by Julie Long | Jun 25, 2026 | Financial Planning, General, Tax, Tax Planning, Tax Strategy

 With the tax season a distant memory and summer already here, you have probably stopped thinking about taxes and are busy planning your annual vacation; however, midyear is also a good time for a tax checkup. With time left before 2026 ends, you still have a window...

What Can You Learn from Your Tax Return?

by Julie Long | Apr 16, 2026 | Financial Planning, Financial Wellness, General, Retirement Planning, Retirement Savings, Tax, Tax Strategy, Wealth Management Strategies

Tax season may be behind you, but don’t stash away your tax return quite yet. It’s full of information that might help you improve your finances or make a difference in next year’s tax picture. Here are four things you could learn from reviewing your...

Estate Tax Changes Under Recent Tax Acts

by Julie Long | Mar 26, 2026 | Economy, Estate, Estate Planning, General, Generational Wealth, Investment, New Tax Laws, News, Retirement, Tax, Tax Laws, Tax Strategy

IntroductionThe Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Tax Act) was signed into law in December 2010. This law contained dramatic changes to the federal gift and estate tax and the federal generation-skipping...

Borrowing or Withdrawing Money from Your 401(k) Plan

by Julie Long | Mar 12, 2026 | 401k, 401K Planning, Retirement, Retirement Savings, Retirement Strategy, Retirement Taxes, Tax, Tax Laws

If you have a 401(k) plan at work and need some cash, you might be tempted to borrow or withdraw money from it. But keep in mind that the purpose of a 401(k) is to save for retirement. Take money out of it now, and you’ll risk running out of money during...

Tax Planning for Income

by Julie Long | Feb 26, 2026 | Financial Wellness, General, Investment, Retirement, Tax

You don’t want to pay more in federal income tax than you have to. With that in mind, here are five things to consider when it comes to keeping more of your income. 1. Postpone your income to minimize your current income tax liabilityBy deferring (postponing)...