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December 10, 2023 By Michael Milam

Are We On the Brink of the Elusive Soft Landing?

In the intricate world of economics, maneuvering the vast U.S. economy without causing disruptions is likened to steering a colossal ship through a tempestuous storm. Since early 2022, U.S. policymakers, including Federal Reserve Chair Jerome Powell, have embarked on the challenging mission of curbing inflationary pressures through heightened interest rates, all the while avoiding economic contraction. This elusive equilibrium, historically challenging to achieve, is what economists fondly term a “soft landing.”

Filed Under: Mike Milam Tagged With: Soft Landing, Stock Market

December 3, 2023 By Michael Milam

3 Reasons to Review Your Beneficiaries Now

Most types of financial accounts allow you to designate a beneficiary, from checking and savings accounts to life insurance policies, 401(k)s, IRAs, pensions, and trusts. But when was the last time you looked at your beneficiary designations across all your accounts? Do you know which of your accounts have beneficiary designations and which ones do not?

Filed Under: Mike Milam Tagged With: 401(k), Beneficiaries, IRA, Life Insurance, Pensions, Trust

November 26, 2023 By Michael Milam

Year-End Donations and #GivingTuesday

With its family traditions and festive celebrations, the holiday season is the most wonderful time of the year. And according to GivingTuesday.org, the giving in the U.S. alone totaled $2.7 billion to nonprofits and community organizations on #GivingTuesday in 2021, a 6% increase from 2020.

Filed Under: Mike Milam Tagged With: Donations, Giving Back

November 19, 2023 By Michael Milam

Advanced Tax Planning Ideas: Tax Loss Harvesting & Ways to Quantify the Benefits

When you lose money on certain investments, you can typically claim the loss against other investments, and in some cases, you may even be able to claim all or a portion of the loss against regular income. Called tax-loss harvesting, this strategy can be critical for investors, day traders, or anyone who regularly buys and sells investments.

Filed Under: Mike Milam Tagged With: tax loss harvesting, tax planning

November 12, 2023 By Michael Milam

Year-End Investment Decisions

Year-end investment decisions may sometimes result in substantial tax savings. Tax planning may allow you to control the timing and method by which you report your income and claim your deductions and credits.

Filed Under: Mike Milam Tagged With: End-of-year, Investment

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California Financial Partners, Inc., A Registered Investment Advisor, is a fee-based comprehensive financial planning organization. Securities and Advisory services offered through LPL Financial. A Registered Investment Advisor. Member FINRA & SIPC. LPL Financial Form CRS.

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