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Category Archives: Blog
Combining Your Finances When You Marry
How separate (or intertwined) should your financial lives be? Some spouses share everything with each other – including the smallest details of their personal finances. Other spouses decide to keep some individual financial decisions and details to themselves, and their … Continue reading
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Tagged finances, income, married, marry, Michael Canet, prostatis financial advisors group, Prostatis Group, retirees, retirement, savings, savvy, savvy investor, spouse, taxes
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Tax Rules on Rental Property
The basics on capital gains & deductions. Buying or selling income property has definite tax consequences. A taxpayer should clearly understand them, whether he or she intends to acquire a property or put one on the market. A sale of … Continue reading
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Tagged income, Michael Canet, prostatis financial advisors group, Prostatis Group, rental, rental property, retirees, retirement, savings, savvy, savvy investor, taxes
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Are Millennial Women Saving Enough for Retirement?
The available data is more encouraging than discouraging. Women 35 and younger are often hard-pressed to save money. Student loans may be outstanding; young children may need to be clothed, fed, and cared for; and rent or home loan payments … Continue reading
Posted in Blog
Tagged income, iras, Michael Canet, millennials, prostatis financial advisors group, Prostatis Group, retirees, retirement, savings, savvy, savvy investor, taxes, women
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Building an Emergency Fund
Everyone should aim to have a cash reserve We all would love to have a little extra cash on hand for emergencies. Saving up that cash can be a challenge – but with a little effort, that challenge can be … Continue reading
Posted in Blog
Tagged emergency fund, income, iras, Michael Canet, prostatis financial advisors group, Prostatis Group, retirees, savvy, savvy investor, taxes
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Tax season is in full swing… and tax scams are everywhere
How can you can tell if a crook is claiming to be the I.R.S. in an effort to steal your money or personal information? Watch for these giveaways. The I.R.S. will never call you to demand immediate payment of income … Continue reading
Posted in Blog
Tagged income, iras, Michael Canet, prostatis financial advisors group, Prostatis Group, retirees, savvy, savvy investor, scam, tax scam, taxes
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Little Things That May Help Your Retirement Saving
Over time, these seemingly small factors could make a major difference. Saving for retirement takes decades and demands the investment of significant amounts of your income. As this major effort unfolds, you should recognize that some subtle factors and … Continue reading
Posted in Blog
Tagged income, iras, Michael Canet, prostatis financial advisors group, Prostatis Group, retirees, retirement, savvy, savvy investor, stretch IRA, taxes
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The Dow Finally Did It
The Dow finally did it: it topped 20,000 for the first time. What does this development mean for the equity market and your portfolio? Ultimately, it may not mean very much. Does it signal that 2017 will be a great year … Continue reading
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Tagged DOW, income, iras, Michael Canet, prostatis financial advisors group, Prostatis Group, retirees, savvy, savvy investor, stretch IRA, taxes
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Stretch IRA: Are Its Days Numbered?
It’s been on the Congressional chopping block for the past five years, and some believe time is about to run out on the stretch IRA, a staple of estate planning for the affluent. Bolstered by hefty revenue projections ($5.5 billion … Continue reading
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Tagged income, iras, Michael Canet, prostatis financial advisors group, Prostatis Group, retirees, savvy, savvy investor, stretch IRA, taxes
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5 Smart Tax Moves To Make Before Year-End
The last thing people want to think about amid the bustle of November and December is taxes. The holidays and a presidential transition — needless to say, there are a lot of big events hanging in the balance this time … Continue reading
Posted in Blog
Tagged end of the year, income, iras, Michael Canet, prostatis financial advisors group, Prostatis Group, retirees, savvy, savvy investor, taxes
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4 Big Retirement Regrets That You Should Avoid
Plan ahead carefully to ensure you have enough money to do the things you want after you retire. The closer you get to retirement, it seems, the more pressure there is to plan ahead. But how do you know if … Continue reading
Posted in Blog
Tagged estate, income, iras, legacy, Michael Canet, prostatis financial advisors group, Prostatis Group, retirees, savvy, savvy investor, taxes
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