Vintage Adds More Tax Expertise
We’re excited about the strengthening of our tax team over the past couple years. This year we upgraded our tax software to a more efficient package and have added more expertise. Tammy Wakevainen, CPA joined us in 2019 and heads up our tax team. This year we added another CPA, Amy Haselhuhn, who, like Tammy, […]
Congratulations to Michelle!
Congratulations to Michelle Schrag who joined Vintage last year as a Client Service Specialist. She has earned the Financial Paraplanner Qualified Professional designation (FPQP®) offered through the College for Financial Planning. While Michelle doesn’t work in an advisory role, the additional education has helped her with a very good understanding of the financial planning and […]
COVID Gives US Economy Swine Flu
Do you remember the PIGS? The European Debt Crisis a decade ago centered around Portugal, Italy, Greece and Spain. Their governments and banking systems were in dire straits after excessive borrowing and they needed to be bailed out by their European neighbors, the European Central Bank and the International Monetary Fund. The crisis dragged on […]
Itemized Deductions—Could They Help You?
As the year comes to an end, it is time to start looking at your deductions, and whether you will be taking the standard deduction or itemizing. When taking the standard deduction, the IRS has set dollar amounts—based on filing status—to subtract from your income. You also have the option to itemize which allows you […]
10 Tips To Help Aging Parents With Their Finances
Eventually, many of us will need to help our aging parents and loved ones with their finances. So, when the time comes, here are some tips to help you handle the subject with sensitivity, respect, and competence. 1. Schedule a meeting to see an estate planning attorney with the parent(s). If you are going to […]
Ten Reasons to Tax Plan Now
Taxes are the biggest expense for many Americans, and yet, most fail to do much to reduce their income taxes. Those that use a professional tax preparer may get some good suggestions when they get their tax return done early in the year, but to get the best tax savings, you need to so some […]
Three Factors May Reduce Your Retirement Income
With all of the chaos this year, one area where many Americans may feel pretty good is their finances. If you’ve been able to keep your job and didn’t sell off your stock holdings in the spring’s bear market, you may feel that you are still on track for that comfortable retirement. Or, if you’re […]
Can I Take a Home Office Tax Deduction?
As a result of the COVID-19 pandemic, many people who do not typically work from home are doing so now. And many workers will continue to do so for the foreseeable future. This brings up an interesting question, “Do I qualify for a tax deduction if I work from home?” The Tax Cuts and Jobs […]
2020 Planning Checklist
The world has changed dramatically in 2020 so it’s a good time to revisit your financial planning. There have been three major tax laws enacted over the past several months and many people’s income will look very different this year. It’s also a good time to revisit your retirement plan and estate plan. And Michiganders […]
Why Real Estate?
Since Vintage was founded in 1985, we’ve always allocated some of our client’s funds to real estate investments. The allocations have changed based on our outlook for the investment class and our client’s situations. Today, we have a larger allocation than usual, especially for our retired clients. If we look back throughout US history, it […]
