Net Worth Summaries vs Portfolio Reporting
At this time of year, we shift our focus to something truly fascinating – the net worth summaries of our valued clients. It never ceases to amaze us as we delve into the diverse range of net worth returns from one family to another. How is it possible that the 2023 net worth outcomes for over 65 families, all with similar portfolios, exhibit a staggering 60% variation year over year? Now, you might be curious about why Bienvenue Wealth places such significance on net worth summaries rather than the typical portfolio performance reporting. Well, here’s the heart of the matter – your family’s portfolio is more than just numbers on a page; it’s the fuel propelling your life’s plan. While the financial aspect is undeniably vital, it’s just a piece of the grand puzzle. Successful investors are those who consistently act on a thoughtfully crafted plan, steering their ship through…
5 Ways Your New Orleans CFP Can Help You Maximize Your Tax Refund
After the revelry of the Mardi Gras subsides, it’s time to turn your attention toward something less festive: tax season. However you feel going into it, everyone has the same goal: maximize my refund and minimize my tax liability. If you haven’t thought much about your taxes, or have yet to create a tax savings strategy, below are a few considerations to make. Plus, we offer five tips for managing that refund once it comes your way. What to Know About Louisiana State Taxes If you’ve recently moved to Louisiana or simply never put much thought into your state taxes, here’s a quick assessment of Louisana’s taxes. The individual income tax is on a graduated scale, ranging from 1.85% to 4.25%. If you’re a business owner, your company may also be subject to corporate income tax, which ranges from 3.5% to 7.5%.1 The state sales tax rate is 4.45%. The…
Creating A Strong Tax Planning Strategy Can Save You Thousands, Here’s How
Tax planning is a critical component of your overall financial strategy. Shift your focus from tax-season to tax-year and see the impacts.
Key Ways The $1.9 Trillion COVID-Relief Bill Will Affect You
The American Rescue Plan package was designed to support individuals, families, businesses, municipalities, and the economy at large, which has sustained negative impacts due to COVID-19. Let’s take a look at the main benefits coming your way.
Here’s Why You Should File Your Taxes Early This Year
Today, let’s take a look at the top reasons the early bird really does get the worm. Here’s why filing early can give your finances a boost.