Blog | Monotelo Advisors

The Christmas story though the eyes of an angel

Dec 22, 20233 min read

The Christmas story though the eyes of an angel

In the celestial realms where time unfolds in a dance of eternity, I, Michael, the archangel, the one who stands guard over Israel, the...

Navigating the Social Security and Medicare Changes in 2024

Michael Baumeister

Dec 20, 20233 min read

Navigating the Social Security and Medicare Changes in 2024

As we usher in the new year, 2024 brings with it several changes to Social Security and Medicare that will impact millions of Americans....

9 Tax-Saving Moves to Make Before Year-End

Jim Richter

Dec 13, 20235 min read

9 Tax-Saving Moves to Make Before Year-End

April 15th is four months away, but there are plenty of actions you can take before then to help manage your tax bill. From maximizing...

A Fresh Look at 529s: New Opportunities Generated by Recent Legislation

Michelle Hartley (AFC®)

Nov 30, 20235 min read

A Fresh Look at 529s: New Opportunities Generated by Recent Legislation

This holiday season consider planting a gift that continues to bear new opportunities for beneficiaries to reap a diverse harvest....

Jim Richter

Nov 29, 20234 min read

A Guide to Meaningful Charitable Giving

If your family is similar to mine, you might do the lion’s share of your charitable giving in December. We like to include our kids...

This Year Families Can Give Thanks for Some Beneficial FAFSA Upgrades

Michelle Hartley (AFC®)

Nov 15, 20234 min read

This Year Families Can Give Thanks for Some Beneficial FAFSA Upgrades

Normally the FAFSA drops in October, but this year the thrills and chills of the season had nothing to do with looming college expenses....

THE IMPACT OF RISING INTEREST RATES ON THE US ECONOMY

Jim Richter

Nov 10, 20234 min read

THE IMPACT OF RISING INTEREST RATES ON THE US ECONOMY

Interest rates are a key tool in the financial landscape, with far-reaching implications that touch upon various aspects of the US...

THE IMPACT OF RISING INTEREST RATES ON RETIREMENT PORTFOLIOS

Jim Richter

Oct 31, 20234 min read

THE IMPACT OF RISING INTEREST RATES ON RETIREMENT PORTFOLIOS

Interest rates are a fundamental aspect of the global economy, and the aggressive rise in interest rates over the past 18 months has had...

WILL RISING MORTGAGE RATES IMPACT THE VALUE OF YOUR HOME?

Jim Richter

Oct 24, 20235 min read

WILL RISING MORTGAGE RATES IMPACT THE VALUE OF YOUR HOME?

NOTE: THIS IS PART ONE OF A THREE PART SERIES. TODAY WE ARE ADDRESSING MORTGAGE RATES, AND HOW THEY COULD IMPACT THE VALUE OF YOUR HOME....

WHO IS RAY DALIO? AND WHY DOES IT MATTER WHAT HE SAYS?

Jim Richter

Oct 10, 20235 min read

WHO IS RAY DALIO? AND WHY DOES IT MATTER WHAT HE SAYS?

Ray Dalio is one of the greatest investors of our time. He has served as co-chief investment officer of Bridgewater Associates since...

Fitch Downgrades US Debt Rating: Assessing the Ramifications

Michael Baumeister

Aug 3, 20234 min read

Fitch Downgrades US Debt Rating: Assessing the Ramifications

Introduction The recent decision by Fitch Ratings to downgrade the credit rating of the United States' sovereign debt could have sent...

The Impact of Illinois' Mandatory Retirement Plan on Employers

Michael Baumeister

Jul 25, 20233 min read

The Impact of Illinois' Mandatory Retirement Plan on Employers

The final Illinois Secure Choice deadline of November 1 is less than four months away. Small businesses that have 5 or more employees...

Tax Season 2023: Expect smaller refunds, capital-gains bills and higher audit rates

Jim Richter

Jan 19, 20234 min read

Tax Season 2023: Expect smaller refunds, capital-gains bills and higher audit rates

As we head into 2023, millions of American taxpayers will need to adjust their expectations for their tax return. The stimulus checks are...

Jim Richter

Jan 17, 20235 min read

Congress Passes New Secure 2.0 Act

President Biden signed the SECURE 2.0 Act into law on December 29th of 2022. This $1.7 trillion omnibus spending bill has over 100...

IRS Suspends New 1099-K Reporting Requirements

Michael Baumeister

Jan 12, 20233 min read

IRS Suspends New 1099-K Reporting Requirements

The American Rescue Plan Act of 2021 issued a new requirement for all online payment services like Paypal, Venmo, eBay and Etsy, to issue...

Tax Deadlines and What You Need to Know for the 2022 Tax Season

Michael Baumeister

Jan 5, 20234 min read

Tax Deadlines and What You Need to Know for the 2022 Tax Season

As tax season approaches, we wanted to reach out and share a few important dates and deadlines for 2023. Please see the important dates...

The 3 Most Misunderstood Tax Effects of a Roth Conversion

Jim Richter

Nov 10, 20225 min read

The 3 Most Misunderstood Tax Effects of a Roth Conversion

We’ve written extensively about the benefits of the Roth IRA. The Roth IRA is one of the most powerful tools available for creating...

Inflation Causes Major Shifts in Tax Code for 2023

Michael Baumeister

Oct 27, 20223 min read

Inflation Causes Major Shifts in Tax Code for 2023

Just a few weeks after the announcement of record-breaking Social Security increases, the IRS announced their own set of record-breaking...

Inflation Causes Largest Social Security Increase in 41 Years

Michael Baumeister

Oct 20, 20223 min read

Inflation Causes Largest Social Security Increase in 41 Years

On October 13th, the Social Security Administration announced that the cost-of-living-adjustment (COLA) for Social Security benefits...

How Does the IRS Calculate Penalties and Interest?

Michael Baumeister

Oct 6, 20224 min read

How Does the IRS Calculate Penalties and Interest?

The deadline for taxpayers who filed an extension this year is Monday, October 17th. Keep in mind that filing an extension does not...