Year End Tax Planning
Oct 18, 2023
As the end of the year approaches, it’s time to consider strategies that could help you reduce your tax bill. But most tax tips, suggestions, and strategies are of little practical help without a good understanding of your current tax situation. This is particularly true for year-end planning. You can’t know where to go next if you don’t know where you are now. (more…)
Tags: Tax Advantages, Tax Planning, taxes
Choosing an Income Tax Filing Status
Sep 18, 2023
Selecting a filing status is one of the first decisions you’ll make when you fill out your federal income tax return, so it’s important to know the rules. And because you may have more than one option, you need to know the advantages and disadvantages of each. Making the right decision about your filing status can save money and prevent problems with the IRS down the road.
Tags: Personal Finance, Retirement Tax Savings, Tax Advantages, Tax Deductions, tax guide, Tax Planning, tax season guide, taxes
Tax-Loss Harvesting
Sep 16, 2022
At one point or another, you may realize capital gains, which is a taxable event. What can you do about them? You can do what some investors do – you could recognize investments with a loss and practice “tax-loss harvesting.” (more…)
Tags: financial advisor charlotte nc, Financial Help, Investment Planning, Personal Finance, Tax Advantages, Tax Deductions, Tax Planning
That First Required Minimum Distribution from Your IRA
Jun 10, 2022
When you are in your seventies, Internal Revenue Service rules say that you must start making withdrawals from your traditional IRA(s). In I.R.S. terminology, these annual withdrawals are considered your Required Minimum Distribution (RMDs).1 (more…)
Tags: financial advisor, Investing, retirement, Retirement Planning, Tax Advantages, Tax Planning
How Market Cycles Can Impact Retirements
Mar 11, 2022
A thoughtful retirement strategy may help you pursue your many retirement goals. That strategy must consider many factors, and here are just a few: your income needs, the order of your withdrawals from taxable and tax-advantaged retirement accounts, the income tax implications of those withdrawals, and sequence of return risk. (more…)
Tags: financial advisor charlotte nc, Tax Advantages
The Retirement We Imagine vs the Retirement We Live
Mar 4, 2022
Financially speaking, retirement might differ from your expectations. Just as few weathercasters can accurately predict a month’s worth of temperatures and storms, few retirees find their financial futures playing out as precisely as they assumed. Because of this, some common financial assumptions (and anxieties) about retirement are worth examining. (more…)
Tags: financial advisor, Investment Planning, Personal Finance, retirement, Retirement Planning, Tax Advantages
Trends in Charitable Giving
Feb 9, 2022
According to Giving USA 2020, Americans gave an estimated $410.02 billion to charity in 2019. That’s the first time that the amount has totaled more that $400 billion in the history of the report.
Americans give to charity for two main reasons: to support a cause or organization they care about or to leave a legacy through their support.
When giving to charitable organizations, some people elect to support through cash donations. Others, however, understand that supporting an organization may generate tax benefits. They may opt to follow techniques that can maximize both the gift and the potential tax benefit. Here’s a quick review of a few charitable choices: (more…)
Tags: Tax Advantages, Tax Planning
Explaining the Basis of Inherited Real Estate
Jan 19, 2022
At some point in our lives, we may inherit a home or another form of real property. In such instances, we need to understand some of the jargon involving inherited real estate. What does “cost basis” mean? What is a “step-up?” What is the home sale tax exclusion, and what kind of tax break does it offer? (more…)
Tags: Estate Planning, Family Wealth, Tax Advantages, taxes, Wealth Building
Tax Considerations for Retirees
Dec 3, 2021
The federal government offers some major tax breaks for older Americans. Some of these perks deserve more publicity than they receive. (more…)
Tags: Financial Help, retirement, Retirement Planning, Tax Advantages, Tax Planning, taxes
Cash Alternatives for Charitable Giving
Oct 27, 2021
The year is winding down, and you may be thinking of giving. In fact, you may want to explore the different ways in which you can donate to a charity or non-profit organization, apart from just making a cash gift. Consider some of the alternatives of charitable giving. (more…)
Tags: Certified Financial Planner Charlotte NC, Current Events, financial advisor charlotte nc, Philanthropic Planning, Tax Advantages, Tax Planning, taxes, Wealth Building
More Insights
Dec 4, 2023
When developing your estate plan, you can do well by doing good. Leaving money to charity rewards you in many ways. It gives you a sense of personal satisfaction, and it can save you money in estate taxes.
Dec 1, 2023
November lived up to its reputation as a strong month for stock market seasonality with the November “Turkey Rally” delivering outsized returns for stocks. Now as we look ahead to December, investors are asking the question: Is the Santa Claus Rally still coming to town?
Nov 29, 2023
Key Takeaways: Gold is starting to shine again after confirming support off its rising 200-day moving average last week. A meaningful pullback in interest rates and the dollar underpinned the recovery in the yellow metal. Momentum indicators point to a bullish trend change, while speculator long positions in gold continue to outpace shorts. Central bank … Continue reading “Is Gold a Good Investment?”
Nov 27, 2023
Keeping good business records will not only help you stay in business but may also help you increase profits. Your business records let you analyze where your business is and where it’s going. They point out potential trouble spots and serve as a guide to where you want your business to be.
Nov 22, 2023
There’s no doubt the last few years have been challenging for fixed income investors. And while 2023 was supposed to be the year for bonds, fixed income returns for most core bond categories have only recently turned positive for the year. That said, despite the recent challenges, we think there are several reasons to be … Continue reading “Five Things We’re Thankful For: Fixed Income Edition”
Top of Page
Services
Epic Capital provides the following comprehensive financial planning and investment management services: Learn More >
Find us on:
Copyright © 2023 Epic Capital Wealth Management. All Rights Reserved.
Securities offered through LPL Financial. Member FINRA/SIPC.
The LPL Financial representative associated with this website may discuss and/or transact securities business only with residents of the following states: CA, CO, DC, DE, FL, GA, IN, LA, MD, MO, MS, NC, NJ, NY, PA, SC, TN, TX, VA, VT, WA.