Is Now The Time to Refinance Your Mortgage? Truth be told, right now may or may not be the time for you to refinance your mortgage. If you’re a homeowner in with a mortgage interest rate in the 7% range or higher, you’ve probably heard the buzz phrase: Refinance Your Mortgage. Your friends are talking
Tag: goals
Gambling Loss Deduction Cap: New IRS Rules
The IRS will soon enforce a gambling loss deduction cap, changing how taxpayers report gambling-related losses. If you gamble regularly, this update could reshape your tax situation starting next year. At Pathview Wealth Advisors, we help you stay ahead of these changes with proactive tax tips. What Is the Gambling Loss Deduction Cap? Current tax law allows taxpayers
Custodial Roth IRAs: A Great Opportunity for Self-Employed Parents
For self-employed individuals with children, there’s a planning strategy that often slips under the radar: the custodial Roth IRA. It’s a simple idea with a powerful long-term impact — helping kids start investing years earlier than most people do. At Pathview Wealth Advisors, we often talk about the value of time in investing. The earlier
All Your Eggs in One Basket? A Case for Diversification in Tax-Efficient Financial Planning
You’ve likely heard this phrase in investing: “Don’t put all your eggs in one basket.” It’s often repeated because it reflects a principle that has stood the test of time: diversification can help manage risk. Diversification Lessons from the Past Over the last several decades, many companies that were once widely recognized and had strong
New Year’s Financial Resolutions
The new year is here, and with it comes new ambitions, goals, and resolutions. But 2024 is going to be a bit different. Know why? Inflation and economic uncertainty! Yes, you heard that right. 73% of respondents to a survey have named both these things as top financial concerns for the coming year. In addition,