DISCLOSURE

CONNECT WITH US:

  • facebook-square
  • linkedin-square

Phone: 973-455-1894 | 51 Dumont Place, Morristown, NJ 07960 | Get directions!

Kiely Capital Management offers financial planning and investment advice. Serving Central and Northern New Jersey, Yvonne and Bernard (Bernie) Kiely provide over 25 years of experience offering discretionary asset management, retirement planning and income tax preparation. KCM is registered with the State of New Jersey as a Registered Investment Advisor.

 

“The only thing we sell is good advice.”

©2018 Kiely Capital Management Inc. All rights reserved.

Website Design by VIP Solutions.biz

Q. Are there investing opportunities because of the new trade deals? Mexico and Canada, China, whatever is happening with the EU?

— Investor

A. Investing internationally is a great diversifier for your portfolio.

We don’t suggest you make bets based on what you hear in th...

January 6, 2020

Q. I am a 74-year-old retired widow with no children. I own a modest home worth approximately $120,000. Can I get some basic information about reverse mortgages and if it might be beneficial for me to consider?

— Senior

A. Let’s go over the basics and how a reverse mortg...

Q. I’m expecting to receive a settlement from an auto accident. How would those funds be taxed?

— Recovering

A. We hope you weren’t injured in the accident and that this settlement will make you whole.

There are five different types of settlements as a result of an auto a...

Q. I have a 401(k) and several IRAs. Next year, I’ll have to start taking Required Minimum Distributions (RMDs). Do I have to take an RMD from each account?

— Planning ahead

A. Here’s a way you can make your life much easier.

First, the background.

The owner of a 401(k) pl...

Q. I live full-time in New Jersey and I also own a Virginia townhouse in a retirement community. I rent out the townhouse by the year. I plan to sell the New Jersey home and move to Virginia all in the same month, but it will take me a few months to transfer my residen...

Q. My wife and I bought a condo in Jersey City in 2007. We moved from New Jersey in 2011 and don't file in the state, but we maintained the property for rent. We are finally selling it. Is there a way to avoid the exit tax? The gains on the sale are modest at $29,000....

Q. My wife and I are becoming Florida residents this month - October. For the purposes of our 2019 New Jersey income tax return, can we claim only 10 months of our income in New Jersey rather than 12 months?

— Getting out

A. Congrats on the move.

You’re going to have to d...

Q. How are proceeds from the sale of Qualified Small Business Stock (QSBS) taxed in New Jersey?

— Investor

A. Changes could be coming to how this kind of stock is taxed in New Jersey.

First, some background.

Internal Revenue Code Section 1202, also known as the “Small Busi...

Q. I am interested in buying a vacation home abroad. Can the property be considered part of a retirement portfolio such as buying it with an IRA. I also want to avoid having the money used to be counted as taxable income. Are there any tax breaks available to finance t...

Q. Are we Bamboozled when it comes to Social Security taxation? Paychecks are net amounts after various deductions, one of which is for Social Security. Income taxes are based on the gross earnings before Social Security deductions, therefore the money that was deducte...

Please reload

Featured Posts

I'm busy working on my blog posts. Watch this space!

Please reload

Archive
Please reload

Follow Us
  • Facebook Basic Square