Russell Harris - Signature Wealth Management Group

Fact Of The Week October, 13 2021 | Debt For Education

Did you know? - 30% of college attendees take on some form of debt to pay for their education? What can parents be doing to minimize the amount of debt that their children may need? Contact Us about how to plan for your child’s college expenses. Source: Federal Reserve 2020 Report This material is for informational or educational purposes only. Signature Wealth Management Group is registered as an investment adviser with the SEC. Signature Wealth Management Group only transacts business in states where it is properly registered, or is excluded or [...]

By Russell Harris|2024-01-30T19:31:08-05:00October 13, 2021|Of Interest|

Unique Advantages of Health Savings Accounts | Tax Advantaged Savings

These tax-advantaged savings accounts can help you cover your health care expenses A health savings account (HSA) is a tax-advantaged savings account that allows individuals with high-deductible health plans to set money aside for medical expenses. These accounts offer unique tax benefits and can even be savings tools for retirement. What is a health savings account and how do you qualify? An HSA allows you to contribute pre-tax funds and make tax-free withdrawals to pay for qualified medical expenses, like prescriptions, co-pays, or dental care. It is a way to [...]

By Russell Harris|2024-01-30T19:33:36-05:00August 30, 2021|Financial Planning, Insurance, Retirement Planning|

The 2021 Child Tax Credit | An Overview To Reduce Tax Liability

The tax give-back for parents of young children is different in 2021 Every year, the Child Tax Credit reduces the tax liability of American parents. If it lowers their tax burden below zero, it can even put money in their pockets. The credit's size increased following the Tax Cuts and Jobs Act of 2017. And now, thanks to the American Rescue Plan Act of 2021, it's even bigger—and slightly more complicated—for the 2021 tax year. Here’s what you need to know. Child Tax Credit Basics Before the American Rescue Plan [...]

By Russell Harris|2024-01-30T19:33:53-05:00August 30, 2021|Tax Planning|

COVID-19 | A Reflection On The Effects of The Pandemic

COVID-19 – a reflection on the effects of the pandemic. #covid19vaccination #covid #deltavariant #covid19economy #covid19impact #pandemic #globalpandemic #Signaturewmg #marketupdate #stockmarket Bad takes and a review of the 2020 Coronavirus Outbreak Brian Ransom, MBA, MS Research Director, SWMG August 17, 2021 The Scientific Process: 1. Make observations. 2. Formulate a question. 3. Produce a hypothesis. 4. Test the hypothesis. 5. Review, refine, expand, or reject the hypothesis 6. Restart from 1. The above is the scientific process. Prior to my years as an equity analyst, [...]

By Russell Harris|2024-01-30T19:34:08-05:00August 19, 2021|Of Interest|

Exploring the Implications of Restricted Stock Units

Exploring the implications of Restricted Stock Units on #taxes #compensation #wealthmanagement #SignatureWMG In the corporate world, there are a lot of unique compensation packages that include more than just the standard salary, insurance, paid leave, and 401(k) and/or pension. These packages present their own unique challenges for employees to properly manage their benefits. Improper planning can lead to unnecessary tax events, a mismatch in retirement needs to asset levels, or general confusion about the salary packages and the benefits they provide. One of the more confusing packages available to employees [...]

By Russell Harris|2024-01-30T19:34:24-05:00July 22, 2021|Financial Planning, Investments|

2021 Is Halfway Over: How to Conduct a Mid-Year Financial Checkup

Summer is finally in full swing, meaning we’re already about halfway through 2021. After a year like no other, we’re all excited to enjoy the warm weather with friends and family. If you have some time over the coming weeks, take a moment to slow down and check up on your financial wellbeing. Here are six things you can do right away to make sure your goals are being met and your finances are in good shape before heading into the second half of 2021. Review Your Budget It’s possible [...]

By Russell Harris|2024-01-30T19:35:18-05:00July 1, 2021|Financial Planning, Investments|

A Beginner’s Guide to Alternative Investments

Alternatives are investment options beyond the typical stocks, bonds and cash found in most portfolios. They can be tangible assets like precious metals, or they could be financial assets like private equity or hedge funds. Alternatives tend to be riskier than traditional assets, which means investors usually have to meet certain criteria to access them. Here’s a closer look at alternatives and some of the most common options available. What is an alternative investment? An alternative investment is a financial asset that does not fall under a conventional [...]

By Russell Harris|2024-01-30T19:35:37-05:00June 23, 2021|Investments|

Where Does the Travel Industry Stand as Summer 2021 Kicks Off?

The travel industry has begun to see growing demand as we move closer to summer. However, not all travel will be the same, as much of the demand is directly related to the COVID-19 vaccine and reduced CDC restrictions. Instead, industry trends have emerged based on individual comfort levels as they apply to different modes of travel. Below we will explore some of the factors that have contributed to an increase in travel and how different industries are responding to it. COVID-19 Vaccine and Traveler Comfort The trends that impact [...]

By Russell Harris|2024-01-30T19:36:23-05:00June 1, 2021|Of Interest|

5 Tips to Getting Started With the Business Transition Process

At the most basic level, business transition planning is a strategy that can be put into play when a business is sold or changes hands. For company owners nearing retirement, a successful transition plan can play an important part in creating and preserving the value of the business after its changed hands. Here are some tips to keep in mind if you want to maximize the return on your investment as you prepare for retirement. Tip #1: Evaluate Your Market Potential Take a long, honest look at your business [...]

By Russell Harris|2024-01-30T19:37:09-05:00May 18, 2021|Financial Planning, Retirement Planning|

Military Appreciation Month | 5 Financial Tips For Every Military Family

In honor of Military Appreciation Month, we’re recognizing those in the military as well as their families. Military members and their families face one-of-a-kind challenges, such as deployment to conflict zones, overseas assignments and the constancy of change - all of which make dedicating time to personal finance a challenge. Luckily, there are special tax breaks and other benefits unique to service members. Follow these five tips to take advantage of potential benefits and simplify your military family’s personal finances. Tip #1: Focus on Retirement Savings The Thrift Savings Plan is [...]

By Russell Harris|2024-01-30T19:37:22-05:00May 3, 2021|Financial Planning, Of Interest|

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