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FAI Senior Advisor, Mark Stinson, Named Baltimore SmartCEO Magazine's Top Money Manager Awards Finalist
FAI Senior Advisor, Mark Stinson, Named Baltimore SmartCEO Magazine's Top Money Manager Awards Finalist

FAI Senior Advisor Mark Stinson was recently recognized as a finalist for the 2015 Baltimore SmartCEO Magazine's Top Money Manager Awards! Congrats, Mark!

The Grandparent "Gotcha" in 529 College Savings Plans!
The Grandparent "Gotcha" in 529 College Savings Plans!

Merely opening a 529 for a grandchild does not affect the grandchild’s eligibility for financial aid because a 529 owned by a grandparent is not reportable on the Federal Application for Student Financial Aid (FAFSA). However, withdrawals from the grandparent’s account to pay for college is treated as untaxed income to the grandchild.

Three Ways FAI Reduces Your Taxes With Portfolio Management
Three Ways FAI Reduces Your Taxes With Portfolio Management

Everyone likes making money on their investments, but most people don’t like having to pay taxes on those returns. Interestingly, only certain portions of your investment return are subject to taxes in any given year. Interest and dividends are taxable in the year made (unless they are earned in a tax-deferred account such as an IRA or 401(k).

Plan Now For Your 2018 Medicare Premium
Plan Now For Your 2018 Medicare Premium

Since Medicare rates are increasing substantially in 2018 (as much as 30% for high income recipients), Early and Happy may not want to defer income into 2016 because this may increase their 2018 Medicare premiums.

The State of Maryland Loses Double Taxation Case in the U.S. Supreme Court
The State of Maryland Loses Double Taxation Case in the U.S. Supreme Court

On May 18, the Supreme Court of the U.S. determined, in Comptroller of the Treasury of Maryland versus Wynne, that the State of Maryland can no longer “double” tax residents that work outside of Maryland. Hope explained to Early that she lives in Columbia, Maryland and her business is located in Virginia, but she is paying state tax to Maryland and Virginia.

J. Michael Martin
FAI Investment Outlook 3Q 2015

Before the markets  opened on Monday, June 29th, the S&P 500 was sporting a ho–hum YTD total return (e.g. price change plus dividends) of 3.1%. But the last two trading days of 2Q were bogged down with worries about unmanageable debts in Greece and Puerto Rico; falling prices smacked the total return for stocks in the first six months of the year down to just 1.2%!

Sign Up for Our Monthly Newsletter, FAI Insights
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Curtis R. Gross, CFA, Promoted to Chief Investment Officer for FAI Wealth Management
Curtis R. Gross, CFA, Promoted to Chief Investment Officer for FAI Wealth Management

FAI Wealth Management Chairman, J. Michael Martin, has announced that Curtis R. Gross, CFA, has been promoted to the position of Chief Investment Officer for the firm effective July 1, 2015.

Congratulations Mary Thompson, Our Leadership Howard County Premier Graduate!
Congratulations Mary Thompson, Our Leadership Howard County Premier Graduate!

Congratulations to Mary Thompson, CFP®, CASL®, Principal & Senior Advisor at FAI, for graduating from the Leadership Howard County Signature Premier Program! 

Open Your Heart, Donate, Get a Tax Deduction, and a Tax Credit
Open Your Heart, Donate, Get a Tax Deduction, and a Tax Credit

In the U.S., most people donate time, talent, and money out of the goodness of their heart. To encourage donations, the federal, state, and local governments provide tax deductions for contributions to qualified charities and nonprofits.