What's the Difference Between Long-Term and Short-Term Capital Gains?

Here at Pyle Financial Services, we act as a fiduciary, not a salesman, to protect your interest above ours. Today, want to discuss how you can grow money in the stock market efficiently!

The growth of a portfolio is taxed as either short-term or a long-term capital gains rates. Short-term rates are for investments held for less than 12 months and are the same as your income tax rate. Long-term capital gains are for investments held for more than 12 months. 

While many advisers will hold their clients' investments for at least 12 months to ensure long-term capital gains, there are other strategies available to manage not only the short-term capital gains, but to eventually eliminate or significantly reduce long-term capital gains. It's not just about how much you make, it's about how much you keep! 

If you have any questions about how we can help you keep more of what you make, give us a call or visit us at www.PyleFinancialServices.com. We would love to give you a hand! 

How to Plan, Protect, and Grow Your Money for the Future

If you're a professional athlete or a very successful young person, it's important that you plan for a financially stable future. You have a lot of wealth right now, but do you know how to sustain yourself in the long run? 

It's important that you develop a financial plan, and that you stick to it. I urge you to create and follow a written financial plan. Studies show that if you have a plan written down, you are more likely to save more money than if you just had a plan in mind.

Another important consideration is understanding your own personal investment philosophy, because everyone likes to put their money in different places. 

What we like to remind our younger clients about from time to time is that financial planning is only one part of wealth management. This doesn't always mean that you have to invest your wealth to manage it properly. Everyone has different solutions to their financial problems, and we're always available to consult with you to figure out the best way to handle your wealth.

We're not here to sell you a product. We're looking out for your financial well-being. 

Please contact us with any questions or concerns that you have. 

How Can You Stay Ahead of the Retirement Curve?

Saving for retirement is an important task, but planning it out can be tough. Today, we are going to be talking about retirement income and planning, which is something we focus on at Pyle Financial Services. 

If you are about to retire or are already retired, the tips we share today are going to help you in the areas of retirement income, concerns about retirement, and working towards having peace of mind about your overall retirement plan. 

One of the biggest problems retirees face today is low interest rates. Not getting income or a very low rate of income in bonds has caused retirees to have to get comfortable moving out of the bond asset class into other investments.

When I ask retirees what their greatest fear is, they most often respond with an answer like, "outliving my money."As a retiree, you have to know and plan for your risk factors. There are different asset classes out there, but in the planning world, everything cycles. The "set it and forget it" mentality can be dangerous. You need a financial professional to look out for your interests and understand the risks you are willing to take so your asset class lines up accordingly. 

If you find yourself watching your investments like a hawk in the media, do yourself a favor and stop. It does you no good to listen to the noise of what the media has to say about the financial world. Find a trusted adviser who can give you the facts that you can trust. 

If you have any questions for us, be sure to give us a call or send us a quick email. We would be glad to help out!