Take Full Advantage of the Tax Code

As tax season is in full swing, now may not be a bad time to evaluate your non-qualified or after-tax investment accounts.

In this installment of The Cautious Investor, Jonathan Lapine with W3 Wealth Management in Warren, gives tips on how to ensure you’re taking full advantage of the tax code, while maintaining proper diversification.

To begin, Lapine tells of the difference between exchange traded funds and mutual funds.

“ETFs, or exchange traded funds, have grown in popularity over the last decade for a number of reasons,” Lapine says. “But the one related to this topic is their ability to trade like an individual stock, but provide you the broad diversification of a mutual fund.”

Watch the video above to find out why ETFs are beneficial to you when you’re trying to manage gains from a fund.

W3 Wealth Management, LLC is a total financial planning firm. And when we say total, we mean it. W3 has assembled a team of accredited advisors including certified financial planners, CPA’s, attorneys, CLU’s and ChFC’s to assure all your financial affairs are working in tandem.

Our holistic approach to wealth management puts our clients at the center of our focus, every day. Our mission is to guide you towards achieving your financial goals.

On a daily basis we practice proactive, thoughtful, and personal wealth management planning. Couple that with our integrity, expertise and experience and you’ve discovered the very core of our philosophy.

W3 has offices in Akron, Warren, Beachwood, and Columbus with clients in over 25 states. We utilize screen-sharing technology so our out of state clients receive the same service as our local clients.

Across our service to individual clients, business clients and institutional clients, W3 manages over $600 million in investment assets.

Through an in-depth discovery of your goals and current situation, we create and implement a plan to guide you toward financial success. We continue to update your plan with the inevitable changes life brings. Actively engaging in this process helps to assure the continuance of your lifestyle in retirement.

We are independently owned and not beholden to any company, product, or provider. As your financial advocate, our primary goal is to provide you with objective advice and design the optimum strategy to meet your needs.

We pride ourselves on openly communicating with our clients in good markets and bad. This way, W3 clients never feel like they are braving the financial waters (choppy or smooth) on their own. Our lives (financial and otherwise) do not exist in a vacuum. For this reason, we always welcome calls or emails to touch base about what is on your mind and how we can assist you.

Copyright 2024 The Business Journal, Youngstown, Ohio.