Posts by Marcus F. Johnson, CFPⓇ

In a world where unforeseen disasters can strike at any moment, it is essential to protect your possessions and be prepared for the unexpected. Shockingly, only four in ten Americans have a home inventory, despite the rising number of individuals displaced by natural disasters. By taking the time to inventory your items, you can not…

In recent years, a growing trend has emerged with adult children choosing to live with their parents longer. While it may seem like a convenient solution for both parties, there are significant challenges associated with this arrangement. In this article, we will explore the reasons why it is essential for junior to leave the nest…

As the federal estate tax threshold rises to new heights under the Tax Cuts and Jobs Act (TCJA), high-net worth individuals face both opportunities and uncertainties when it comes to wealth transfer strategies. With the current exemption amounts set to sunset in 2025, it becomes imperative for individuals to plan ahead and consider the potential…

The ongoing debate surrounding the debt ceiling has reached a crescendo, capturing the attention of both the media and the American public. As Congress struggles to find common ground, many are left wondering how we arrived at this impasse and whether there is cause for concern. We aim to shed light on the situation and…

It’s natural to wonder exactly how a bank safeguards your money. Fortunately, the Federal Deposit Insurance Corporation (FDIC) insurance exists for this very reason: to help protect your funds once deposited. Read on to explore the purpose of FDIC insurance, how it works, and what it covers. What Is FDIC Insurance? The FDIC is an…

The advent of new technology has long been a source of both excitement and apprehension. On the one hand, new technology can lead to significant advances in productivity, efficiency, and quality of life. On the other hand, it can also lead to job displacement, disruption of traditional industries, and other challenges. One of the most…

The world is full of uncertainty and volatility, and nowhere is that more evident than in financial markets. The past few years have been marked by significant market swings, fueled by a variety of factors ranging from global economic conditions to geopolitical events. Against this backdrop, investors are left wondering where markets will go from…

Audits by the Internal Revenue Service (IRS) are dreaded by taxpayers. The fear of an audit often stems from the misconception that the IRS conducts them frequently and that they are always punitive. However, the reality is that audits are rare, and they don’t always result in penalties. The IRS selects returns for audit using…

If you’re looking for a tax-savvy way to give to charity, consider donating appreciated securities instead of cash. Not only can this strategy benefit your favorite organizations, but it can also provide you with significant tax advantages. What are Appreciated Securities? Appreciated securities are assets that have increased in value since you acquired them. These…