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Happy Memorial Day Weekend

Diversified Wealth Management Solutions would like to wish everyone a Happy Memorial Day Weekend and say Thank you to all of those who have sacrificed and continue to sacrifice for all of us!

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Retirement Plan Fee Comparison Report

Are you overpaying for your Company Retirement Plan? When was the last time, your advisor did a cost comparison to try and save you money? Diversified Wealth Management Solutions has recently launched a new Retirement Plan Cost Comparison Tool that will provide you with a clear picture as to whether or not you are leaving…

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Tax Loss Harvesting

Are you looking for ways to lower your end of the year tax bill?  Consider utilizing tax loss harvesting.  By effectively implementing this strategy you can use losses sustained by some of the investments in your portfolio, to offset some or all of the capital gains by other investments.  In addition to lowering your capital gains…

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Estimating Retirement Income Needs

Are you prepared for Retirement?  One of the crucial factors in determining your ability to retire comfortably, is understanding what your Retirement Income Needs will be.  It is important to consider what retirement looks like for you.  Do you plan to travel extensively, join a social/country club, provide financial support to children, etc.?  What does your families life expectancy and…

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Taxes on Social Security Benefits

One of the most common questions that I receive as clients prepare for retirement is whether or not social security benefits are taxable.  The quick answer to this question is that it depends.  Social security income is generally not taxed, however depending on the amount of income that you are receiving from other sources such…

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12 Common Tax Errors to Avoid

As the 2015 tax filing deadline nears, consider these 12 common tax errors you should avoid.  Reviewing these common mistakes can help you avoid costly fees, penalties, and/or potential jail time.  Download 12 Common Tax Errors to Avoid

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Compensation Strategies C Corporations

Are you running a C Corporation and struggling with how much to pay yourself? We take a look at the balancing act between minimizing taxes and maximizing compensation, give you some things to consider when evaluating a level of reasonable compensation and provide some helpful hints on how to avoid costly penalties. Consult your Financial…

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2016 Tax Reference Chart

An important component of a strong Financial Plan involves tax planning. For many of us, a New Year gives us an opportunity to revisit and evaluate our current financial plan. As you complete your financial checkup, utilize our 2016 tax reference chart for updated tax data. 2016 Tax Reference Chart

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Should you Play the Lottery?

It is estimated that tonight’s Powerball Jackpot will surpass $1.5 billion, breaking all records.  It can be fun to think about what you may do if you were the lucky individual to win the jackpot. The odds of winning are approximately one in 292.2 million. So should you play the lottery…? Should You Play the…

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