Austin Wealth Management Blog
Your Rental vs the Market?
October 1, 2023 | By Kevin Smith
Thinking about buying a real estate investment property? With interest rates on investment property mortgages near 8%, it is more difficult to generate positive cash flow on these properties than even a year ago. Investors who can pay for a…Read More
What to Do With a Lump Sum of Cash?
September 4, 2023 | By Kevin Smith
Having a pile of cash in the bank is usually a good thing, but it requires some stressful decision making. How much can we spend (YOLO!)? How much should we save? What about taxes? Should we pay down our mortgage?…Read More
Investing in AI
August 10, 2023 | By Kevin Smith
Marc Andreessen, perhaps the most influential venture capitalist, offers a simple definition of artificial intelligence: “The application of mathematics and software code to teach computers how to understand, synthesize, and generate knowledge in ways similar to how people do it.”…Read More
Legal Documents for Young Adults
July 29, 2023 | By Manisha Gupta
Did your son or daughter just turn 18? Chances are that they are about to start college and are looking forward to this exciting phase of life. You might not feel your child is fully grown and that they…Read More
Netflix “How to Get Rich” Insights
May 9, 2023 | By David Lowe
What can Netflix teach us about our money? You may be surprised how relevant the lessons can be. In his new documentary series “How to Get Rich,” financial podcast host Ramit Sethi highlights the importance of developing a plan for…Read More
Vacation Home Tax Treatment
March 2, 2023 | By David Lowe
If you plan to own a vacation home, you probably already can envision your dream site. It could be a cozy mountain chalet, a relaxed beach house within earshot of the surf or a luxurious apartment overlooking the New York…Read More
Choosing a Business Entity: Part II
January 10, 2023 | By David Lowe
Part II: Tax Considerations and Entity Selection Case Studies Entrepreneurial spirit, customer service, innovation and grit are some of the keys to running a successful business. Perhaps just as important, though – at least from a financial perspective – is…Read More
Choosing a Business Entity: Part I
December 28, 2022 | By David Lowe
Part I: Formation, Day-to-Day Operations and Liability You are excited to start your own business. You offer a unique product or service, target a clearly defined market, possess the expertise to deliver superior value to clients and invest long hours…Read More
Tax Advantages When Selling a Home
December 10, 2022 | By David Lowe
What if you knew that up to $500,000 of gain on an asset would be tax-free? Would you consider investing in that asset? Chances are, you already own such an investment. More specifically, you live in it. As tax expert…Read More
2023 Increases for Social Security Income, Retirement Plans, HSAs & IRAs
November 30, 2022 | By David Lowe
There are some bright spots amid inflation news. Social Security benefits are set to increase, and workers will be able to contribute more to their retirement accounts in 2023 than in 2022. The following details are important considerations for open…Read More
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