Introduction: Maryland Itemized Deductions 2021 As part of our wealth management services for our clients, we review their previous year’s tax returns and project future taxes to identify missed tax savings and tax planning strategies...
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What are the updated 2023 retirement contribution limits? Retirement plan contribution limits for different retirement accounts are key in managing your future financial security. With this in mind, it’s important to stay abreast of changes...
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On Your Mark, Get Set for 2023… And Go! To say the least, there’s been plenty of political, financial, and economic activity this year—from rising interest rates to elevated inflation to ongoing market turmoil. How...
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Is financial planning different for women? No…and also yes. The financial industry is one that is still firmly dominated by male advisors, so as a female advisor, I’m often asked how financial planning differs for...
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Introduction The financial services industry is chock full of misleading labels and ambiguous definitions. We are often asked: What is the difference between Advisors/Planners, Investment Managers, Brokers/Agents, and a Holistic Financial Planner? I’m grateful when...
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Introduction What is a fiduciary financial advisor, and why should you insist on working with a fiduciary? This is a challenging subject, indeed. First, the stakes are high. The quality of your selection, or lack...
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Introduction: Understanding Medicare IRMAA 2023 Updates Did you receive an updated Social Security benefits statement and notice extra premiums for your Medicare Part B & D coverages? If so, you’re not alone, as 7% of...
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The Maryland 529 Plan What is the best 529 plan for Maryland residents? It’s a question we get often from our clients here at RCS. Maryland offers residents an excellent 529 plan, the Senator Edward...
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The Maryland Retirement Tax Elimination Act The Maryland Retirement Tax Reduction Act, signed into law by Governor Larry Hogan, is a tax relief package offering a tax credit for retirees. The tax credit is available...
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