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In our blog, we seek to provide our clients and individuals seeking to become clients with information that you can use.  We share with you insights as well as new developments in our business.  In our blog, you may also find interesting ideas on how to use all the software tools we provide our clients with.

 

Wednesday, February 21, 2018

Maryland Health Savings Plans: The Maryland Health Savings Accounts may not meet IRS approval for 2018 due to Maryland provisions; we are recommending delaying making contributions to your 2018 HSA until this has been resolved to avoid...

 

Tuesday, February 6, 2018

It looks like the U.S. stock market will finally get something that happens, on average, about once a year: a 10+% percent drop—the definition of a market correction. The last time this happened was a whopper—the Great...

 

Tuesday, February 6, 2018

The Dow Jones industrial average lost 1,175 points today—an all-time record. In Dow points, the loss was more than twice the 508 points the average plunged in the 1987 crash. Yet because of the much greater valuation of the Dow...

 

Monday, January 15, 2018

Maryland CPA and CFP organizations are advising that clients not fund HSAs in Maryland until the state reconciles an issue with preventive care in Maryland health insurance plans and IRS rules. In 2016, the Contraceptive Equity Act was...

 

Wednesday, January 10, 2018

MoneyGuidePro is a goal-oriented software. The MoneyGuidePro planning philosophy’s five key points are: (1) Begin saving by setting goals based on what is most important to you (2) prior to retirement, focus on savings and the...

 

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Friday, December 29, 2017

After interning with us last summer, Courtney is now our newest employee and continues providing her energy and enthusiasm for finance to the high-level services we provide to our clients. Using skills gained from academia and prior...

 

Tuesday, December 26, 2017

As part of the new tax laws effective starting January 1, 2018, many of the itemized deductions previously available on the schedule A of the federal 1040 have been limited or eliminated. One limitation is that deduction of the...

 

Wednesday, December 6, 2017

Sounds hard to do - plan for tax reform - when the news changes daily on different bills and deals that the House and Senate are putting together. And yet a large part of what we do for our clients is to help you plan for your future – and

 

Monday, September 11, 2017

In between Irma and Harvey updates, we’ve all heard of another “hurricane” where a Equifax, a major consumer credit reporting agency, had a security breach. Hackers were able to retrieve names, birth dates and...

 

Tuesday, August 15, 2017

What’s new this month at Gallant Financial Planning? We are evaluating a new Medicare planning process. Our goal is to help you make better decisions when the time comes to apply for Medicare. We can guide you through a series...

 

Tuesday, June 27, 2017

Gallant Financial Planning is pleased to announce the newest additions to our team! As a financial planning firm, we desire to offer exceptional service, a high level of fiduciary care, and focused, personal attention. We believe that...

 

Tuesday, May 16, 2017

It’s a new year, and a fresh opportunity to reevaluate your investments. Whether you are just starting out or are a seasoned investor, it is helpful to take a step back and review what makes up your portfolio. Taking into...

 

Friday, April 7, 2017

Believe it or not, but the first quarter of 2017 is already over! 2016 was marked by tumultuous politics, but Trump’s surprise victory resulted in a market surge that has continued into this year. In fact, the economy has been...

 

Thursday, January 12, 2017

For most people, it’s hard enough to find the time and resources to confidently build and manage their assets. It can be even more difficult to know how to integrate your personal values into your financial plan and feel...

 

Thursday, January 12, 2017

It’s amazing how the smallest of moments or decisions we make in life can impact our entire lives. I remember clearly in 1984 picking up an issue of Money magazine. I was fascinated by financial planning and the strategies people...

 

Tuesday, November 1, 2016

As you look forward to starting a new job, it's important to consider how you will manage your finances while making the transition from one employer to the next. The checklist to use before starting a new job: Proactively manage your...

 

Thursday, September 1, 2016

Who needs a pyramid scheme or a crooked money manager when you can lose money in the stock market all by yourself. If you want to help curb your loss potential, avoid these 10 strategies. Go with the herd. If everyone else is buying it...

 

Monday, August 1, 2016

Throughout her 20s, Nancy Corwin dreaded the day she turned the big 3-0.1 Then the day finally came—and went. "And it was no big deal," said Nancy. "It was really sort of a letdown after all that worrying," she joked. One thing...

 

Friday, July 1, 2016

Many of us may live well into our 90s, especially if one or more of our parents did so. Most of my clients have at least a 20% chance of living to 90, with a 10% chance of living to 100! With a retirement that may last from 20 to 30...

 

Friday, July 1, 2016

Nothing in life is certain except death and taxes. —Benjamin Franklin That saying still rings true roughly 300 years after the former statesman coined it. Yet, by formulating a tax-efficient investment and distribution strategy,...

 

Wednesday, June 1, 2016

When should I begin thinking about tapping my retirement assets and how should I go about doing so? The answer to this question depends on when you expect to retire. Assuming you expect to retire between the ages of 62 and 67, you may...