Weekly Connections w/ Lynn Marshall. January 18, 2026
- Weekly Connections
Douglas Marion’s The Financial Advantage serves as an educational resource within Advanced Wealth Strategies™, offering practical financial tips and strategies to help individuals and families achieve a tax-advantaged retirement. With a focus on simplifying complex financial concepts, Douglas provides insights on budgeting, investing, and wealth preservation, making them accessible and actionable for readers. His guidance empowers individuals to navigate economic challenges, plan effectively for retirement, and build a secure financial future. By leveraging proven strategies and emphasizing tax efficiency, The Financial Advantage equips readers with the tools to make informed decisions and reach their long-term financial goals.
Thought Tip #1
Take Advantage of Tax Deductions and Credits Deductions lower your taxable income, while credits reduce
your tax liability dollar-for-dollar. If your deductible expenses exceed the standard deduction, itemizing can provide greater tax savings. Common itemized deductions include mortgage interest, state and local taxes,
and charitable contributions. Tax Credits: Explore available tax credits such as the Earned Income Tax Credit (EITC), Child Tax Credit, and education credits like the American Opportunity Tax Credit and the Lifetime Learning Credit. These credits can directly reduce the
amount of tax you owe.
Thought Tip # 2
Beneficiary forms override a will.
You should update beneficiaries any time a major life event occurs, such as:
Change in estate planning goals
income?
Marriage or divorce
Birth or adoption of children
Death of a previously named beneficiary
Change in financial circumstances
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Investment Advisory Services offered through EverStar Asset Management, LLC., a SEC Registered Investment Adviser. EverStar Asset Management, LLC and Advanced Wealth Strategies, Inc. are independent entities. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the advisor has attained a particular level or skill or ability.
