National Pension Consultants Since 1996

Carlos B. Pargas & Associates, P.A., CPAs

Call: (305) 273-0990

Carlos B. Pargas & Associates, P.A., CPAs

Call: (305) 273-0990

Financial Services

Figuring Out Your Retirement Plan

Regularly putting aside a set amount in savings or other investments is a good habit and the compounding of earnings can be substantial. The longer your investment period is, the greater the beneficial effect of compounding your earnings. Have a duly licensed financial advisor perform an annual review of your insurance needs to determine that you're neither under- nor over-insured for your current needs. For assistance in your financial planning, use the savings calculator offered by Carlos B. Pargas & Associates, P.A., CPAs to calculate how fast your savings can grow.

Make Our Accounting Firm Your Choice

Invest in what you know. The more informed you are about your options beforehand, the better your investment decisions will be. You should also diversify your investments to protect yourself. Make sure some of your money is located in an investment that can be easily converted into cash in case of emergencies. The difference that a 2% greater return can make in the growth of your investments is fairly dramatic. Use our savings yield calculator to calculate the monthly yield required to reach your savings goal.

Independently Retire in Comfort and Style

Prepare an annual balance sheet for your household or business to determine your net worth. By comparing your annual balance sheets from year to year, you will be able to ascertain whether you're meeting your financial goals. Over 90% of Americans must rely on the government or others for assistance with retirement planning, but with proper planning and diligence, you can be among those who can retire comfortably. Use our retirement calculator to calculate how much you need to save for your retirement in the Miami area.

Don't Let Your Credit Hold You Back

Don't use credit to purchase any types of consumable items. Wait until you can pay cash for anything that will ultimately decrease in value. Although borrowing money to purchase a home is typically a sound idea, using credit to purchase household furnishings usually is not. Pay off your credit card balance every month. You should be using your credit for your own personal convenience, not as a source of long-term financing.


The Capital Gains Tax Advantage

Carlos B. Pargas & Associates, P.A., CPAs will go over your investment ideas with you and a duly licensed financial advisor will make recommendations that will allow you to maximize your after-tax return. Don't ignore the impact of taxes on your investment options. While taxes alone should not drive your investment strategy, understanding how taxes can potentially affect your earnings will help you succeed.

Setting You Up for Financial Success

Long-term capital gains and dividends carry a favored tax status. By shifting more of your money into investments that provide you with dividend income and long-term capital gains, you can deduct a limited amount of capital losses in excess of your capital gains. Consider balancing your winners and losers to maximize the capital gains tax deduction each year. For more information, please call (305) 273-1220

The Future is in Your Hands

Investments that produce higher taxable annual income can be given to your family members who are in lower tax brackets, thereby saving on your taxes overall. Be aware of the Kiddie Tax in employing this strategy in order to limit the unearned income of your children. Depending on your tax bracket, you may also benefit from investing in municipal bonds and other tax-deferred accounts, such as a regular IRA or 401(k) plan.


Check the background of your financial professional on FINRA's BrokerCheck Avantax affiliated advisors may only conduct business with residents of the states for which they are properly registered. Please note that not all services mentioned are available in every state. Investment Advisory services offered through Avantax Advisory ServicesSM, Insurance services offered through Avantax Insurance AgencySM. 6333 N. State Highway 161, Fourth Floor, Irving, TX 75038, 972-870-6000.

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This information is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Insurance Products: Are not insured by the FDIC or any federal government agency- Are not deposits of or guaranteed by the bank or any bank affiliate- May lose Value

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