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Achieve More: Entrepreneur Edition – 3 Tax Planning Opportunities You Don’t Want to Miss!
More often than not, the most costly tax mistakes we see are not errors, but missed opportunities, including overlooked opportunities for long-term planning, strategic deductions, and reduction of your lifetime tax liability. “That’s all the more true for business owners, who have complex tax blueprints that include both personal and corporate returns,” explained John Vance,…
Vance Wealth Team Member Spotlight: Carrisa Flores
Carrisa Flores, Paraplanner As the firm’s Paraplanner, Carrisa Flores finds passion and purpose in the focused, structured work it takes to support the Wealth Advisors at Vance Wealth. Originally from the Inland Empire, Carrisa began her career as a respiratory therapist at Riverside Medical Clinic. While she found it both challenging and rewarding, she eventually…
In the Community: Supporting the SCV Chamber
Keeping up with our commitment to community involvement, the Vance Wealth team gets together for a local nonprofit event or fundraiser each quarter. In October, that meant teeing up to support the Santa Clarita Valley Chamber of Commerce. The 2022 Oak Tree Classic Golf Tournament was held at The Oaks Club in Valencia and did…
With Gratitude For Your Continued Trust
In a challenging market, the path to financial success can quickly start to feel unclear, uncertain, and overwhelmingly stressful. Trusting that you’re still on your way to achieving more isn’t easy. But that’s precisely when we aim to make the biggest difference for our clients. “We consider it our responsibility to not only steer you…
The IRS has increased the 401(k) plan contribution limits for 2023
The IRS has increased the 401(k) plan contribution limits for 2023. Millions of Americans can save more in their retirement accounts in 2023 due to inflation adjustment increases to contribution limits recently updated by the Internal Revenue Service. The higher limit contributions offer significant savings opportunities. Please see our updated fact sheet for more details.…
Tax Tips: Why saving more right now isn’t always the best
Most people have one goal when it comes to taxes: Pay as little as possible on the next tax return. However, that isn’t how you save the most – or achieve the most – in the long-run. In fact, at Vance Wealth, we believe paying taxes is the goal. Why? It means you’re successfully growing and earning more over…
Tax Planning: The Crucial Step You Don’t Even Know You’re Missing
If you’re seeing your accountant only to file your taxes, then you’re missing one of the most important steps in preserving wealth. Here’s the crucial step that could help you save — now more than ever. What’s tax planning? Tax planning is typically the thing that just doesn’t get done regarding your finances. As a…
What to Shred & What to Keep
You hear advice all the time that you should shred sensitive documents to reduce your risk of identity theft. However, what exactly are “sensitive documents,” and are there some you should keep for a while before destroying them? You are able to shred any of the following: Account Numbers, Passwords, PINs, Signatures, Social Security number,…
2022 Q4 Investment Update
The FED Moves Forward by Looking Backward The FED’s stated mission is to ensure price stability and full employment, which explains the heavy focus on inflation and unemployment data. Unfortunately, both of those series represent lagging indicators that only see the impacts of monetary policy after delays that are long and variable. In times like…