Montgomery Community Media

With the tax talk out of Washington indicating a hike in income tax rates as well as capital gains tax rates, I am getting more questions about strategies to reduce taxes. Unfortunately, if your goal is to find ways to reduce taxes, many loopholes have already been closed. However, there is one strategy that has […]

In August, Freedom Mortgage Corporation and RoundPoint Mortgage Servicing Corporation announced they have completed their previously announced merger. Recently, the Gaithersburg-Germantown Chamber of Commerce (GGCC) conducted a ribbon-cutting ceremony and joined RoundPoint Mortgage to celebrate their rebrand launch. (l:r) The Gaithersburg RoundPoint Mortgage team comprised of Loan Officer Assistant Janet Ramirez-Castillo; and Loan Officers Danny […]

Individuals with significant assets should take advantage of proven tax strategies such as gifting and direct payments to educational institutions to transfer wealth to heirs tax-free, as well as minimize estate taxes. Additional opportunities are available as well, thanks to low interest rates and a volatile stock market. Let’s take a look at some of […]

Did you just receive a sizeable amount of settlement money? It’s probably an emotional time for you, but you’re also thinking, “What should I do with all this settlement money?” Cashing in a half a million or a million dollar check can be quite scary and intimidating. Here at District Capital, we work with clients […]

Can you point your company in the direction of financial success, step on the gas, and then sit back and wait to arrive at your destination? Probably not. While you may wish it was that easy, the truth is that you can’t let your business run on autopilot and expect good results. Every business owner […]

The arts empower folks to be their best selves. Our member community is filled with incredibly talented individuals who produce meaningful content and work together on teams as volunteers. Many of our members share the projects that they work on during our quarterly member showcases that are virtual. This year, Montgomery Community Media (MCM) is […]

Most Americans today have an average of 12 jobs in their lifetime. Gone are the days of getting a job straight out of school and staying there until the day you retire. With moving jobs often comes the question, “what should I do with my old 401(k)?” Most people don’t want 12 retirement accounts sitting […]

Do you want to set some money aside for your child? There are several ways to help set your child up for a strong financial future. If a 529 college savings plan isn’t ideal because you aren’t sure if your child will go to college, then you may want to look into Uniform Gifts to […]

The United States has a progressive tax system. The more money you earn, the higher your tax rate is and the more taxes you pay to the IRS. In 2021, there are seven tax brackets ranging from 10% to 37%. If you earn $35,000 a year as a single filer, you are in the 12% […]

Toulmin’s Travel Theorem I want to travel again. I’ve been sitting on my couch for 18 months and have watched every decent and half-decent Netflix and Amazon show – twice! Specifically, I want to travel to England to search for the missing Banqueting Hall of Queen Elizabeth I – a subject for another column. Given […]