Tom Meaglia photo

Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

CA Insurance Lic. #0567507

 

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

 

Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

March/April 2018

Reduce Your Taxes

If you invest in a retirement plan through your employer or a traditional IRA, you may not be aware of all the tax advantages. Here are a few reasons why you might want to increase your contributions to them.

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Time and Money

Time never matters more than when saving for a long-term goal. Retirement is most people’s longest-term goal. Here’s why time matters.

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Be Smart About Taxes

It’s tax time and you may be scrambling to document all of your tax deductions. The following are some often-overlooked areas where you might find tax savings, as well as a few habits that can help you save over the long term.

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When You Can't Work

If you work and especially if you are younger, your ability to earn a living is likely your greatest asset. Knowing this, consider how disability income (DI) insurance can help protect that asset.

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Teach Your Kids

When it comes to investing, you might want to emulate Warren Buffett, who is one of the world’s most successful investors. Despite his success, he is most comfortable buying equities he understands and whose products he often consumes rather than less familiar companies.

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Taxes in Retirement

As the tax filing deadline nears, talk naturally turns to the subject of reducing taxes on this year’s return. When investing for retirement, you could look at taxes in a different way:

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A Simple Retirement Benefit

Looking for a simple way you and employees can save for retirement? With so many options, deciding can be hard. But the SIMPLE (Savings Incentive Match Plan for Employees) IRA is one such plan, allowing employees and employers to contribute to IRAs set up for employees.

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Annuities for Retirement

While fixed annuities are not the most easily understood financial product, they are a component of financial security for many Americans in retirement.

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How much is Higher Education Worth?

Wondering if higher education is worth the high cost? The numbers in the accompanying graph show the value of continued education beyond high school. A Master’s degree, for instance, is worth about twice as much as a high school diploma.

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Submit FAFSA Earlier Now

The FAFSA is the federal government’s Free Application for Federal Student Aid. Most colleges require the parents of prospective and current students to fill out the form even if they are only applying for school aid and not federal aid.

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The Social Security Numbers Game

When will you begin taking monthly Social Security benefits? You qualify for full benefits once you reach full retirement age. That’s age 66 if you were born in 1954, rising to age 67 for those born in 1960 or later. But drawing Social Security early will reduce your benefits, while delaying can increase them.

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Buy or Rent?

If you’re young and starting out, home ownership may seem like an impossible dream. However, you can increase your chances by reducing your debt. Answer the following questions to see where you stand.

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College Tax Breaks

A college education isn’t cheap, but there are some tax-advantaged ways to save for this expense. Here are a few:

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Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
Insurance and annuity products are not sold through Fusion Capital Management. Fusion does not endorse any annuity or insurance product, nor does it guarantee any insurance or annuity performance. Annuity and life insurance guarantees are subject to the claims-paying ability of the issuing insurance company. If you withdraw money from or surrender your contract within a certain time after investing, the insurance company may assess a surrender charge. Withdrawals may be subject to tax penalties and income taxes. Persons selling annuities and other insurance products receive compensation for these transactions. These commissions are separate and distinct from Fusion's investment advisory fees.
Meaglia Financial Consulting 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.