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Year-End Charitable Giving
With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in our lives. It is also a time when charitable giving often comes to mind. The tax benefits associated with charitable giving could potentially enhance your ability to give and should…
Read More2025 Key Numbers for Health Savings Accounts
The IRS recently released the 2025 contribution limits for health savings accounts (HSAs), as well as the 2025 minimum deductible and maximum out-of-pocket amounts for high deductible health plans (HDHPs). What is an HSA? An HSA is a tax-advantaged account that enables you to save money to cover health-care and medical costs that your insurance…
Read MoreCongratulations to Laura Jagdman, CPA!
We’re thrilled to announce a significant leadership update. Laura Jagdman, CPA has been promoted to Director of Tax. This promotion reflects Laura’s significant contributions to our firm and expanded responsibilities in overseeing our tax team. Laura will lead our tax team, focusing on: – Business/Personal/Entity tax preparation – Strategic tax advice & planning – Quality…
Read More2024 Q3 Market Commentary
The season is changing, and the leaves are turning from green to red before they tumble down. Fortunately, the markets are behaving the opposite of nature’s forces – starting with a stock market which has gone from red to green which avoided any semblance of a bear market drop. Domestic equities have soared to record…
Read MoreQ2 2024 Stock Market Commentary
The second quarter of 2024 saw the stock market continue its recovery from the challenges of the previous year when the Federal Reserve was aggressively raising interest rates to combat high inflation. The Federal Reserve has indicated it is more likely that their next move will be to lower rates, impacting short-term interest rates like…
Read MoreDonations Needed – Food & Toiletries
Chesapeake Financial Advisors is hosting a food and toiletry drive from Wednesday, April 20, 2022 through Wednesday, April 27, 2022. Your Support The food and toiletry drive supports The Assistance Center of Towson Churches (https://www.actconline.info/). The center provides assistance to our neighbors in need in Northern and Central Baltimore County. What’s Needed Here’s a list…
Read MoreQ4 2021 Stock Market Commentary
For the third consecutive year, the stock market posted a double-digit positive return. The S&P 500 gained 26.9% for the year, the Dow Jones Industrial Average posted an 18.9% gain, and the Nasdaq Composite gained 21.4%. Double-Digit Returns Despite Challenges The market confronted and largely ignored a lot of events that normally would have sent…
Read MoreDeciding When to Retire: When Timing Becomes Critical
Deciding when to retire may not be one decision but a series of decisions and calculations. For example, you’ll need to estimate not only your anticipated expenses, but also what sources of retirement income you’ll have and how long you’ll need your retirement savings to last. You’ll need to take into account your life expectancy…
Read MoreUnderstanding Your Credit Report
Your credit report contains information about your past and present credit transactions. It’s used primarily by potential lenders to evaluate your creditworthiness. So if you’re about to apply for credit, especially for something significant like a mortgage, you’ll want to get and review a copy of your credit report. You can see what they see:…
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