Inflation Reduction Act: What You Should Know

The Inflation Reduction Act, signed into law on August 16, 2022, includes health-care and energy-related provisions, a new corporate alternative minimum tax, and an excise tax on certain corporate stock buybacks. Additional funding is also provided to the IRS. Some significant provisions in the Act are discussed below.   ENERGY-RELATED TAX CREDITS   Many current [...]

Market Brief | August 15, 2022

Andrew Samalin talks about recent financial news and provides his perspective on the much-debated question about whether we are in a recession. (4:33)

Now Might Be a Good time for a Roth Conversion

One silver lining in the current bear market is that this could be a good time to convert assets from a traditional IRA to a Roth IRA. Converted assets are subject to federal income tax in the year of conversion, which might be a substantial tax bill. However, if assets in your traditional IRA have [...]

Q3 2022 Samalin Wealth Newsletter

This newsletter edition contains the following articles of interest: Inflation Protection for Investment Dollars What’s Your Dream Retirement Elevator Pitch? Three Things to Consider Before Buying a Vacation Home Avoiding Probate The Potential Benefits of IRAs for Children A Wealth of Information: How to Read a Mutual Fund Prospectus Three Decades of College Cost Increases […]

Market Monthly: June 2022

For the first time since 2015, each of the benchmark indexes lost value for two consecutive quarters. They also posted losses for June, marking three consecutive down months for the tech-heavy Nasdaq, its longest losing streak since 2015. Investors watched for signs of an economic deceleration in the U.S., with inflation continuing to run at [...]