In this episode, Ara Oghoorian discusses the newly passed H.R.82 bill, the Social Security Fairness Act, and how it could significantly increase your Social Security benefits. He breaks down the key elements of the bill, including the Windfall Elimination Provision and the Government Pension Offset, explaining how they impact you. Ara also guides you through the process of calculating your benefit increase and shares insights on when President Biden might sign the bill into law, offering a clear picture of what this change means for your Social Security benefits.

The Social Security Fairness Act (H.R.82) marks a transformative milestone in U.S. retirement policy. Recently passed by the Senate and awaiting the President's signature, this legislation seeks to eliminate the long-standing Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). These provisions have historically reduced Social Security benefits for millions of public sector employees, who also receive non-covered pensions. Once enacted, the Act will increase Social Security benefits for an estimated two million Americans, with retroactive payments effective January 1, 2024. Over the next decade, it is projected to provide $196 billion in additional benefits, significantly enhancing retirement income for many while addressing decades-old inequities in the Social Security system.

👉 Open Your Social Security Account
https://www.ssa.gov/

👉 Social Security Windfall Elimination Provision (WEP) Online Calculator
https://www.ssa.gov/benefits/retirement/planner/anyPiaWepjs04.html


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Financial Advisor in Los Angeles, CA
CPA in Los Angeles, CA

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DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSTRUED AS TAX, FINANCIAL, OR LEGAL ADVICE. EVERY PERSON’S SITUATION IS DIFFERENT AND YOU SHOULD CONSULT WITH YOUR OWN FINANCIAL AND TAX ADVISOR FOR ADVICE SPECIFIC TO YOUR SITUATION. COMMENTS ARE NOT REVIEWED

As we approach the end of the year, it's time to prepare for a financially smart 2025. Here are 11 key tax tips to consider:

1. Maximize 401k contributions
2. Harvest losses
3. Gift $16,000 to lower your taxable estate
4. Roth IRA conversion
5. Defer income
6. Paying for medical or college bills
7. Qualified Charitable Distribution
8. Charitable donations
9. Donate appreciated stock
10. Create a Donor Advised Fund (DAF)
11. Spend your Flexible Spending Account (FSA)

These strategies can help you reduce your tax liability and prepare for a more financially secure year ahead. Reach out if you need more guidance on any of these!

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Financial Advisor in Los Angeles, CA
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12031 Ventura Blvd., Suite 1
Studio City, California 91604
(818) 272-8511
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In this episode we talk about a dividend yield and its calculation.

A dividend yield is a financial ratio used to gauge your performance and rate of return on a stock.

It’s calculated by taking the total dividend paid and dividing it by the price of the stock at any given point.

➝ If the price of the stock goes up and the dividend stays the same, your yield goes down.

➝ If the price of the stock goes down and the dividend stays the same, your yield goes up.

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Financial Advisor in Los Angeles, CA
CPA in Los Angeles, CA

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Exchange-traded notes are sometimes confused with exchange-traded funds, but they are very different. In this episode, we talk about exchange-traded notes (ETNs), their advantages and disadvantages, and then compare ETNs with exchange-traded funds (ETFs).

Schedule a Consultation:
https://www.acapam.com/contact/

Financial Advisor in Los Angeles, CA
CPA in Los Angeles, CA

Connect with ACap on social media:

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In this episode, I break down the differences between Index Funds, ETFs, and Mutual Funds to help you make a better-informed decision on which one is the right investment decision for you.


Schedule a Consultation:
https://www.acapam.com/contact/

Financial Advisor in Los Angeles, CA
CPA in Los Angeles, CA

Connect with ACap on social media:

Twitter: https://twitter.com/acapam/
Instagram: https://www.instagram.com/acapadvisorsaccountants/
Facebook: https://www.facebook.com/ACapAdvisorsAccountants/
LinkedIn: https://www.linkedin.com/company/acapadvisorsaccountants/


DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSTRUED AS TAX, FINANCIAL, OR LEGAL ADVICE. EVERY PERSON’S SITUATION IS DIFFERENT AND YOU SHOULD CONSULT WITH YOUR OWN FINANCIAL AND TAX ADVISOR FOR ADVICE SPECIFIC TO YOUR SITUATION. COMMENTS ARE NOT REVIEWED

In this episode, we talk about what index funds are and how they work. We also cover the most common types of index funds, like the Dow Jones, S&P 500 index, NASDAQ, and some of the most well-known international index funds. We also discuss the differences between mutual funds and exchange-traded funds (ETFs), and guide you on how to choose the right fund for you, open an index fund account, and buy your first index fund.

Schedule a Consultation:
https://www.acapam.com/contact/

Financial Advisor in Los Angeles, CA
CPA in Los Angeles, CA

Connect with ACap on social media:

Twitter: https://twitter.com/acapam/
Instagram: https://www.instagram.com/acapadvisorsaccountants/
Facebook: https://www.facebook.com/ACapAdvisorsAccountants/
LinkedIn: https://www.linkedin.com/company/acapadvisorsaccountants/

In this episode, we’re talking about 529 plan qualified expenses.

We’ll walk you through what you can use your 529 plan for and share some helpful tips to make sure you're getting the most out of it.

ACap Advisors & Accountants is a financial advisor and CPA firm located in Los Angeles, California. We are a full service wealth management and CPA firm.

Schedule a Consultation:
https://www.acapam.com/contact/

12031 Ventura Blvd., Suite 1
Studio City, California 91604
(818) 272-8511
hello@acapam.com

Financial Advisor in Los Angeles, CA
CPA in Los Angeles, CA

In this episode Ara & Matt explain what to consider when deciding whether to pay off your mortgage.

Schedule a Consultation:
https://www.acapam.com/contact/

Financial Advisor in Los Angeles, CA
CPA in Los Angeles, CA

12031 Ventura Blvd., Suite 1
Studio City, California 91604
(818) 272-8511
hello@acapam.com