Blog | Monotelo Advisors

The Surprise Waiting on Your 2021 Tax Return

Feb 18, 20224 min read

The Surprise Waiting on Your 2021 Tax Return

If you received monthly advance child tax credit payments in 2021, you may be in for an unpleasant surprise this filing season. Some...

IRS End Controversial Facial Scan Technology

Jim Richter

Feb 11, 20224 min read

IRS End Controversial Facial Scan Technology

The IRS announced on Monday it’s dropping plans to use the controversial ID.me facial recognition software to identify taxpayers seeking...

Why Your Tax Return Could Be Full of Surprises in 2022

Jim Richter

Jan 28, 20224 min read

Why Your Tax Return Could Be Full of Surprises in 2022

If you normally expect a refund when you file your tax return, 2022 brings some changes that could cause big surprises on your tax...

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

Jim Richter

Jan 21, 20224 min read

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

As tax season approaches, it is important to be aware of several key dates and deadlines for 2022. January 24th January 24th is the date...

Tax Season is Starting Sooner Than You Think

Jim Richter

Jan 11, 20224 min read

Tax Season is Starting Sooner Than You Think

On Monday, the IRS announced that it will begin processing and accepting 2021 tax returns on Monday, January 24. This year, the tax...

Jim Richter

Dec 30, 20214 min read

Choosing the Right Investment Vehicle

As the financial markets continue to expand, keeping a diversified portfolio simply by picking individual stocks is becoming harder and...

Can Anyone Tell Me the True Meaning of Christmas?

Jim Richter

Dec 23, 20215 min read

Can Anyone Tell Me the True Meaning of Christmas?

Note: This is the third article in our series on the socio-economic behaviors that lead to lives of fulfillment and financial security....

5 Tax Code Changes to Prepare for Your 2021 Return

Jim Richter

Dec 3, 20215 min read

5 Tax Code Changes to Prepare for Your 2021 Return

2021 is ending, and as exciting as the get-togethers, champagne, and countdowns are, it also is a reminder that tax season is just around...

The Physical, Emotional and Financial Benefits of Thankfulness

Jim Richter

Nov 24, 20216 min read

The Physical, Emotional and Financial Benefits of Thankfulness

Note: This is the second article in our series on the socio-economic behaviors that lead to lives of fulfillment and financial security....

5 Ways to Maximize Your Social Security Benefit

Jim Richter

Nov 17, 20214 min read

5 Ways to Maximize Your Social Security Benefit

This is our third post in our Social Security educational series. The first two articles cover What Will Happen When Social Security Runs...

Does Generosity Lead to Happiness, or are Happier People Simply More Generous?

Jim Richter

Nov 10, 20215 min read

Does Generosity Lead to Happiness, or are Happier People Simply More Generous?

In a 2008 study of the connection between happiness and generosity, people were asked to rate their happiness while being given an...

The Most Effective Charitable Giving Strategy

Jim Richter

Nov 4, 20214 min read

The Most Effective Charitable Giving Strategy

The Tax Cuts and Jobs Act that passed in 2017 dramatically impacted the charitable giving tax benefits for most taxpayers in the United...

4 Mistakes to Avoid While Saving for Retirement

Jim Richter

Oct 29, 20214 min read

4 Mistakes to Avoid While Saving for Retirement

A recent report by PwC found that nearly 1 in 4 Americans have no retirement savings. Additionally, only 36% of US adults feel that their...

Why the Social Security Increase Isn't as Much as You Think

Jim Richter

Oct 21, 20213 min read

Why the Social Security Increase Isn't as Much as You Think

On October 14, the Social Security Administration announced that the cost-of-living-adjustment (COLA) for Social Security benefits would...

Jim Richter

Oct 14, 20214 min read

Keys to Happiness in Retirement

If you ask anyone that is looking towards retirement what they want, the answer will almost always be the same: I want to be happy in...

Jim Richter

Oct 6, 20215 min read

The Tax Burden of Cryptocurrency

Cryptocurrency interest has steadily grown over the past few years. On any given day of the week, some cryptocurrency seems to be making...

Jim Richter

Sep 29, 20214 min read

The Basics of Investing in Gold

Throughout history, gold has been one of the most popular ways of storing value. Even with the onset of the digital economy, this view...

The Hidden Costs of Medicare in Retirement

Jim Richter

Sep 21, 20214 min read

The Hidden Costs of Medicare in Retirement

When building your budget for retirement, the cost of health insurance (ie. Medicare) can easily be overlooked. While there is no crystal...

What Will Happen When Social Security Runs Out?

Jim Richter

Sep 13, 20214 min read

What Will Happen When Social Security Runs Out?

We had an interesting thing happen last week when over 1,200 people visited our website out of the blue. It turns out that there was a...

Jim Richter

Sep 7, 20216 min read

Tax Implications of Selling a Home

We’ve received numerous calls over the past six months from clients asking about the tax implications of their home sale. With...