Olive Branch Capital

10/04/2023

Who likes taxes? 👎

Given that the answer is obvious… Q4 is an excellent time to reflect on proactive ways to minimize taxes.

You may want to consider several actions before we close out 2023.

◾ Roth IRA Conversion: By rolling your retirement plan into a Roth IRA, you pay taxes upfront but may not be taxed when you take withdrawals later in life.

◾ Tax Loss Harvesting: Evaluate whether offsetting any losses from 2022 with gains from 2023 would make sense. Losses don’t expire, so there’s no rush in taking them.

◾ Charitable Donations: Not all charitable donations must come from your checking account. Consider donating real estate, cars, and other items of notable value.

◾ “Green” Deductions: If you've made energy-efficient home improvements or purchased an electric vehicle, you could be eligible for certain tax credits.

Are you prepared for year-end tax strategies? We'd love to hear your thoughts.

Remember, the ideas we summarized are for informational purposes only and are not a replacement for real-life advice. Make sure to consult with your tax, legal, and accounting professionals.

A Roth IRA must meet a 5-year holding rule and occur after age 59 1⁄2 for the tax-free and penalty-free withdrawal of earnings. Tax-free and penalty-free withdrawals can also be taken under certain other circumstances, such as the owner's death. The original Roth IRA owner is not required to take minimum annual withdrawals.

The best financial decisions are always made with the guidance of a trusted professional.

10/03/2023

Time to Think About Year-End Financial Strategies As we roll into fall and the fourth quarter, now is a good time to pause and reflect on proactive ways to set up your finances for 2024. Economically speaking, we are now in a much...

10/02/2023

Breast cancer is a reality for 1 in 8 women in the U.S., making it the most common cancer among women worldwide, according to a 2023 report by the American Cancer Society.

A woman is diagnosed with breast cancer in the U.S. every two minutes. As you read this, someone is hearing their results and starting their cancer journey.

Breast cancer is the second leading cause of death for women.

But there's hope on the horizon. Over the last decade, we've seen a 7% decrease in breast cancer mortality rates due to early detection and treatment advances.

These are not just numbers. They represent our mothers, sisters, daughters, and friends.

As leaders in the financial sector, we are uniquely positioned to contribute. We can make a difference by:

🎀 Donating to organizations that fund critical research, support services, and awareness campaigns.

🎀 Participating in fundraising events like charity runs, walks, or rides that raise funds for breast cancer research and care.

🎀 Volunteering at local breast cancer clinics, organizations, or events.

This month, don't just wear pink ribbons. Let's all do something!

What plans do you have to support month?

03/20/2023

A disability could keep you from work and increase costs. How can you protect yourself?

In the event of an unforeseen accident or illness, disability insurance may be a good way to protect your income and savings.

03/17/2023

What would happen to your loved ones if you were gone? Make financial preparations today.

Variable Universal Life is permanent insurance in which the policyholder directs how premiums are invested.

03/15/2023

Find out whether you are insurable before implementing a strategy using life insurance.

Universal life insurance is permanent insurance with a flexible premium. Here's how it works.

03/13/2023

Whether your 65th birthday is on the horizon or decades away, understanding the different parts of Medicare is critical. [Learn More Now]

Learn about all the parts of Medicare with this informative and enjoyable article.

03/10/2023

$100 not spent is more like $143. Intrigued?

One way to find money is to examine your current spending habits and eliminate money wasters.

03/08/2023

Medicare doesn’t have to be a complicated topic. Here we break down the basics of Medicare, and what you need to know to qualify. Read more here:

Learn all about Medicare basics in this informative and insightful article.

03/07/2023

Investors maintained an anxious eye on the Fed over worries it would maintain its tight monetary posture due to ongoing inflation.

Stock prices stumbled in February owing to growing worries that the Fed would maintain its tight monetary posture in the face of continuing inflation.

03/06/2023

Benefit. Premium. Policyholder. Learn the language before evaluating your options.

Term insurance is the simplest form of life insurance. Here's how it works.

03/03/2023

Do you know the best way to set your child up for collegiate success? Make sure with this miniature guide to financial aid options.

Help your college-bound child explore scholarships, grants, and more with this article on paying for higher education.