The Difference between Marginal and Effective Tax Rate Do you know the difference between marginal and effective tax rates? This was a topic that didn’t get a lot of attention until 2007, when billionaire Warren Buffett expressed his frustration with the fact that he pays a lower tax rate than his secretary. Buffett learned this after he conducted a survey of his employees and discovered they were paying an average of 32.9% — compared to his
What’s the one thing that is trickier than tax law? That’s right. Tax law changes! Especially those that happen in the final quarter of the year, giving both tax preparers and tax planners sleepless nights pouring over the fine print and strategizing for their clients. This year may prove to be no exception, as the “American Families Plan” tax proposal is moving through the legislative process. At the time of this writing, the proposal is
Frank and Fiona Eff are a bright couple who saved diligently for their retirement years throughout their adult lives. Each is 50 years old, their children have been raised and launched, and each loves their respective job at ABC Corporation. Frank and Fiona enjoy the challenges and connections of their work so much that they plan to stay at their careers another fifteen years before enjoying a retirement filled with family, travel, and giving back
Which is the correct spelling: Advisor or Adviser? As it turns out, the Securities and Exchange Commission (SEC) doesn’t care as long as the “advisor” doesn’t spell it b-r-o-k-e-r. Regulation Best Interest restricts the use of the word Advisor The SEC issued a ruling known as Regulation Best Interest to reduce investors’ confusion. The regulation restricts the use of the term “advisor,” regardless of its spelling, to companies who operate as Registered Investment Advisors (RIAs).
Numerous warnings have been issued in an attempt to forestall financial identity crimes. However, thieves repeatedly find new ways to vex victims. One attack plan involves the filing of fraudulent tax refund claims using stolen personal data. Stay safe this tax season by knowing what immediate action to take if you suspect identity theft. Warning Signs of Tax Return Identity Theft Be alert to possible tax return identity theft if you receive a notice from
Each year on May 29 the calendar reminds us of the 529 educational savings plan, and opportunities to fund the plan. However, many people funded 529 plans years ago and are now ready to withdraw the funds for their intended use. Distributed properly, all the earnings in the plan can be income tax free as long as the funds are used for Qualified Higher Education Expenses (QHEE). However, as is sometimes the case, the devil
Visit our offices, schedule a meeting, call, or email anytime!
(317) 848-2180
9100 Keystone Crossing #560,
Indianapolis, IN 46240
(317) 848-2180
9100 Keystone Crossing #560,
Indianapolis, IN 46240
The opinions expressed herein are those of SYM Financial Corporation (“SYM”) and are subject to change without notice. This material is not financial advice or an offer to sell any product. SYM reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. SYM is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about SYM including our investment strategies, fees, and objectives can be found in our ADV Part 2 or Form CRS, which is available upon request.
All Rights Reserved © 2022 SYM Financial Advisors
