Taylor’d Finance Blog
Welcome to my blog! I’m Taylor Ledbetter, a Paraplanner and Wealth Advisor at Jessup Wealth Management. I joined the team in July 2020 as a financial planning intern. By 2021, I graduated from Wright State University with double Bachelor’s Degrees in Financial Services and Accounting and an Associate’s Degree in Business Administration from Sinclair Community College.
This blog aims to dissect relevant financial planning topics and educate readers. I put a lot of thought into providing insights and strategies to help you enhance your financial lives. Whether you’re looking to optimize your investments, plan for retirement, or manage your budgets, I’m here to guide you toward achieving your financial goals.
Tax-loss harvesting is a strategy that can help preserve portfolio value while also reducing the cost of capital gains taxes. If you have capital losses for the year that exceed capital gains, you can deduct up to $3,000 in net losses from your total annual income.
The Kiddie Tax is a tax that a minor has to pay on unearned income, including investment income or other types of income. The Kiddie Tax was created in 1986 to prevent parents from transferring income-producing assets into a child’s name to take advantage of the child’s lower tax rate.
A charitable trust can play a very important role in estate planning. These types of trusts provide gift tax and estate tax benefits that are not available through other kinds of trusts. Income benefits are normally split up between a non-charitable beneficiary and a charitable beneficiary.
If you want to evaluate your personal financial position, you can use financial ratios to assess your financial health. They can show you a snapshot of your financial well-being using different values concerning your money.