Curated Insights

Financial Matters

News and information to help improve your Four Capitals
the approach
Tax Planning

Medical Expense Tax Deduction for 2024

Qualifying medical expenses include preventative care, treatment, surgeries, dental care, vision care, psychologists, psychiatrists, prescription medications, and appliances such as glasses, contacts, false teeth, and hearing aids, among others.

Posted By Alyssa Dalbey
April 19, 2024
Charitable Giving

Charitable Giving: Cash vs Property

Taxpayers can make charitable gifts using cash or property. Examples of property commonly donated to charities include appreciated stock and other marketable securities. The type of asset gifted could affect the amount of the taxpayer’s deduction. This article explains various aspects and planning opportunities for donating cash and property. Understanding Cash Donations Cash donations to

Posted By Alyssa Dalbey
March 1, 2024
Investment Management

The Complexities of Investing $10 Million

Bill Hortz, Founder of the Institute for Innovation Development, recently interviewed Russ Schultz, Chief Executive Officer and Chief Investment Officer of Schultz Financial Group, about the complexity and challenges of investing and managing large sums of money. Hortz: Is investing $10 Million substantially different than investing $1M or smaller amounts of money? Schultz: The answer

Posted By Russ Schultz
January 15, 2024
Insurance & Risk Management

Medicare Part B and Part D Premium Adjustments for 2024

Medicare Part B premiums are automatically deducted from Social Security, Railroad Retirement Board, and Office of Personnel Management payments. The standard Medicare Part B premium is adjusted based on a taxpayer’s Modified Adjusted Gross Income (MAGI). MAGI for Medicare purposes is the taxpayer’s AGI plus any tax-exempt interest. Medicare uses a taxpayer’s MAGI from two

Posted By Alyssa Dalbey
January 15, 2024
Retirement Planning

Social Security Benefits Increasing in 2024

Each year, the Social Security Administration announces the annual cost-of-living adjustment (COLA). The Social Security Administration has announced that Social Security and Supplemental Security Income (SSI) benefits will increase for 2024.

Posted By Alyssa Dalbey
December 19, 2023
Estate Planning

Estate Planning for Pets

As cherished members of our families, pets provide us with unwavering companionship, comfort, and love. When creating an estate plan, it’s important to consider the well-being of your loved ones, including your furry friends. Estate planning for pets ensures that they will continue to receive the care and attention they deserve even after you’re no

Posted By Alyssa Dalbey
November 5, 2023