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Cashing Out Is Not a Cash Cow

Written by Brian Puckett, CFP®, CPA/PFS, Attorney at Law.

We've recently been approached by a few nervous investors, who, thanks in part to Election Day jitters, are considering cashing out a sizeable portion of their portfolio. While this may seem like a good idea at first, there are more downsides to cashing out than you might think. A sounder course of action is to stick to your long-term plan and not let Election Day distractions disrupt a sound investment strategy.

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With Investing, the Best Recipe is to Put Politics Aside

Written by Brian Puckett, CFP®, CPA/PFS, Attorney at Law.

Amid the election year hoopla, pundits are already theorizing about the impact the candidates will have on the stock market and broader economy. As tempting as it can be to get caught up in this rhetoric, we urge you to tune out the noise and instead stick to your long-term strategy. Making decisions based on political leanings or emotional fervor can seriously threaten your financial well-being.

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How Asset Location Can Help Fatten Your Nest Egg

Written by Brian Puckett, CFP®, CPA/PFS, Attorney at Law.

The U.S. tax code is overly complex, not just for the income you earn working in your career, but also for the income you earn from your investments.

The good news is that by understanding the different tax treatment that applies to different investments—and account types—we can plan a tax-wise asset location strategy. And, successful asset location can significantly minimize the amount of taxes you pay on your investments as a whole. This can lead to a meaningful increase in your after-tax return—the money you get to keep, which is all that really matters.

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Tools to Help You Make the Most of Your One Financial Life

Written by Brian Puckett, CFP®, CPA/PFS, Attorney at Law.

The typical financial advisor loves to focus on your investments—after all, most earn sales commissions for selling you stocks, bonds, annuities, or mutual funds.

But the team at Align Wealth Management seeks to take care of every facet of our clients' financial lives, from cash flow to taxes, from insurance to estate planning and charitable giving. Simply put, we believe in treating you as a human being - not as an investment account. And we're armed with the best tools and technology to make it happen.

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How to Minimize Taxes in Retirement

Written by Brian Puckett, CFP®, CPA/PFS, Attorney at Law.

If you're an investor, you've surely heard the saying "It's not what you earn, it's what you keep." Minimizing taxes is important when you're growing your savings for retirement—but it's at least as important after you're retired.

That's why retirees with different types of taxable and tax-deferred accounts should carefully plan the sequence in which they will withdraw money from those accounts. At stake is not just tax savings but also the potential for greater investment growth.

The various account types include traditional IRAs and workplace plans such as 401(k)'s, which are funded with pre-tax dollars. In these vehicles, taxes are deferred until withdrawal so that those assets can compound and grow faster. Roth 401(k)'s and Roth IRAs are funded with after-tax dollars, and their assets grow and are withdrawn tax-free. Finally, many investors have taxable brokerage accounts, which are funded with after-tax dollars and accrue taxes on gains, interest, and dividends.