Our Recent Posts

Archive

Tags

How to determine if your rental real estate is profitable

If you’re an owner of rental real estate, then you know more than most that this is the type of investment can be just as costly as it can be profitable. The secret is knowing when to quit if the property becomes a seemingly never-ending financial burden. Here are some points to keep in mind as you do your analysis. Do you want to be a landlord? If you’re not outsourcing landlord duties, this can be the only question that matters as owners become busier with daily life. It may be time to sell when managing property is no longer be enjoyable. Is the rental cash flowing? Itemizing your expenses, less the mortgage payment, will help answer this question. You can also refer to your Schedule E of

Gold's direction will tell us our fate

Not all commodities smell trouble quite like gold. It was a top performer during the 2008 financial crisis, peaking in 2011, and declining 30% since. With unprecedented monetary stimulus, it was understandable gold wouldn't do well. Today, it stands to reason that the economic environment has changed. The International Monetary Fund has warned that global debt has increased $164 trillion since the financial crisis and has asked that the U.S. to cancel their tax-cuts, which is unlikely to happen. Gold, tracked by iShares Gold ETF (IAU), has been trading sideways since 2013 after a depressed trajectory. In the next few weeks, it will likely be forced higher or lower, as it’s reaching what mark

Getting married checklist

Congratulations to you if you’re about to tie the knot! Beyond the cost of the wedding and honeymoon, there will be some other financial changes to look forward to, or not, depending on your situation. Here are some key points to keep in mind as you march down the aisle. Taxes: If you’re married before December 31, you will likely file your taxes jointly for that year. This may mean a higher tax bill if you’re both employed, earning similar incomes in the same year. On the other hand, if only one of you is employed, the earning spouse might be taxed less, depending on where you fall on the married filing jointly tax schedule. Consider reviewing scenarios with your tax advisor. Property owne

Make the most of your tax filing

The April 17th tax filing deadline is fast approaching and the IRS expects either a tax return or an extension filed by this date. Regardless of what you did or are planning to do, there are still a few things that you can do to make the most of your 2017 filing. Everyone’s situation is unique so it's very important you consult your Tax Advisor about these strategies. You may be eligible to make an IRA or Roth IRA contribution for 2017. The IRA may be tax-deductible if you don't have a retirement plan at work. The Roth IRA isn't deductible but grows and distributes tax-free during retirement. The most that you can contribute is $5,500, plus $1,000 ‘catch-up’ for people 50+ between the two st

​Mail: ​8605 Santa Monica Blvd, pmb 35721

West Hollywood, California 90069-4109 US

info@eurekawealthmanagement.com

(760) 537-0791

©2020 BY EUREKA WEALTH MANAGEMENT.

Eureka Wealth Management is a registered investment adviser in the State of California. The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment advisory services. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein.