This month, my newsletter explores the following topics:
- Is It Still OK To Refinance Your Home?
- Tax Traps Investors Need to Avoid
- Things that will help reduce the sting of high inflation
- 401(k) and IRA contribution limits for 2023
As 2022 comes to a close, thoughts turn to 2023 and how to make the most of the coming year. Please contact me if you would like to discuss your finances.
Mortgage Rates Are Soaring. Is It Still OK To Refinance Your Home?
Mortgage rates, over 7% or so, are at their highest levels in 20 years and loan applications are down. Does it still make sense for homeowners to refinance?
IRS: These are Your 401(k) and IRA Contribution Limits for 2023
It may be time to up your 401(k) contributions. The IRS is increasing the limit by $2,000 for 2023.
Wash Sales, Capital Gains, State Taxes: Tax Traps Investors Need To Avoid
Besides wash sales, capital gains and state taxes, investors also need to beware of rules about taxes on mutual fund dividends, mutual fund investments and net investment income.
3 Things That Will Help Reduce The Sting of High Inflation
There’s really nothing nice to say about inflation when it comes to your bottom line. But that same high inflation has led to a couple of changes that might offer you a little relief.
Michael M. Silverman is a Financial Representative of The Guardian Life Insurance Company of America, New York, NY. Strategies for Wealth is not an affiliate or subsidiary of Guardian.
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2022-147285 Exp. 11/24