Palestra Financial Loose Change Newsletter

Palestra Financial

1904 Duck Slough Blvd

Trinity, FL 34655

Phone: (844) WHY-PLAN™

Website: www.PalestraFinancial.com

January/February 2020

Compare Apples to Apples

How do you compare a mutual fund’s* performance to its peers’? A mutual fund company may compare a fund to a benchmark whose makeup, ideally, bears the closest resemblance to the fund. A fund’s mix of investments by company size and its primary sectors, investing style and geography are among the pertinent factors needed to choose an appropriate benchmark.

Check Your Tax Withholding

Do you look forward to receiving a substantial tax refund this year? Or do you dread writing a big check to the IRS because you didn’t pay enough throughout the year? If you can identify with either of these scenarios, the amount you are withholding is not right. But you can do better next year.

6 Questions to Ask Before Buying Your First Home

Owning a home remains part of the American Dream, but doing so requires a strategy and discipline. If you’re looking to buy your first home, answer the following questions to help ensure you do everything you can to make this experience a success.

Tax-Smart Retirement Distributions

Before you retire, consider planning for your required minimum distributions (RMDs). This can be more complicated than you imagine if you have significant retirement assets in qualified plans, such as 401(k) accounts and IRAs, but you can achieve a tax-friendly result with a little planning.

Good Reasons to Consider a Roth IRA

If you don’t qualify for a tax-deferred traditional IRA because your income is too high or if you would rather not bet on federal income taxes being low in the future, when distributions would be taxed, you might want to look at a Roth IRA to help with your retirement strategy.

The Hunt for Tax Breaks

The New Year is a time when many Americans start searching for receipts and bank statements as we prepare to pay last year’s taxes. Consider looking in the following places to find tax breaks:

Saving for a New House

A home is many Americans’ largest purchase and continuing expense, and the down payment for one can be a big chunk of change. If you’re buying your first home, you may shift your savings efforts into another gear by following these steps:

Time Matters

Following are three hypothetical examples that demonstrate how money compounds over time.*

Insuring Your Business

If you read this newsletter regularly, you know that we talk about how life insurance can help fund various business agreements and fill out an attractive employee benefits menu. Life, health and disability insurance play prominent roles, but as a business owner you likely need to insure your company in a number of other ways. These are some ways businesses protect their financial investment:

2020 To Do List

New Year, new leaf? If you’re serious about taking charge of your financial life this year, consider these steps:

CONTACT US

Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

Securities offered through J.W. Cole Financial, Inc. (JWC) Member FINRA/SIPC. Advisory services offered through J.W. Cole Advisors, Inc. (JWCA). Palestra Financial and JWC/JWCA are unaffiliated entities.

Palestra Financial and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.