INSIDE THIS EDITION:
Thoughts on a Volatile Week
KHOU Interview – “How to protect investments amid coronavirus uncertainty on Wall Street“
STA Money Hour – Qualified Opportunity Zones Interview
401k Plan Manager
As you are likely aware, the Coronavirus outbreak has led to a great deal of volatility across stock and bond markets over the past several weeks. In fact, over the last 16-days, a shortage of testing kits means we do not yet know how many people have been infected by the virus and has caused a great deal of uncertainty over the extent and duration of the outbreak.
KHOU 11 News Interview: Coronavirus: Have a plan to protect your investments
“An STA Wealth Management financial adviser said the unknown is fueling the roller coaster we’re seeing on the stock market.”
Published: 10:09 PM CDT March 12, 2020
STA Money Hour – Qualified Opportunity Zones; An Interview with, Rolando Garcia
Scott Bishop, Executive Vice President of Financial Planning for STA Wealth Management hosts a special edition of STA Money Hour with guest Rolando Garcia, JD/CPA. Rolando is a Tax Attorney with Doeren Mayhew that provides Private Client Tax Services. Rolando brings more than 20 years of experience in this area.
During this edition of STA Money Hour, Scott and Rolando discuss many issues related Qualified Opportunity Zones (“QOZ”) that were part of the 2017 Tax Cuts and Jobs Act (“TCJA”), Congress enacted legislation designed to help underserved communities by incentivizing investors with tax benefits encouraging them to deploy capital in QOZs. The goal was to attract capital to these QOZs to create jobs and re-develop areas in these distressed areas these QOZs were selected by congress in communities with low-income and/or that are economically distressed. These QOZs are introducing both tax breaks and investment opportunities that are available. However, this area of the law is very complex and you need to fully understand the possible risks of making investments in this area while being able to review any potential deals to better ensure that they follow the rules (tax code) or your tax benefits may be lost. For more detailed information to aid in your research, Scott and Rolando co-wrote an article (click link) on Using Qualified Opportunity Zones both as a Tax Strategy and Investment.
Link to prior interview with photo:
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