Savant Blog

Savant offers perspective on a variety of topics. Entries range from current events to timeless insights in the world of finance and investments.

03 Feb
February 03, 2016

Tax season is upon us, and many investors may receive an unpleasant surprise on the 1099 forms from their investment accounts. Box 2a on Form 1099-DIV reports total capital gain distributions from mutual funds and exchange-traded funds (ETFs). These distributions represent gains realized by the funds and are taxed as long-term capital gains in the year they are paid to the investors. Translated into plain English: you have to pay tax on capital gain distributions.

Typically, actively

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03 Feb
February 03, 2016

Often the phrase “retirement account” is automatically associated with 401(k) accounts, independent retirement accounts (IRA), and Roth IRAs. However, it may be important to add a health savings account (HSA) into your retirement portfolio. HSAs are offered in conjunction with a high deductible healthcare plan (HDHP). Similar to traditional retirement accounts, funds contributed to HSAs are pre-tax dollars. However, when used for qualified medical expenses (QMEs), the account becomes entirely tax-free. So, what are the benefits

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13 Jan
January 13, 2016

Whenever a lottery reaches a crazy amount, many people who are not typical gamblers start to dream and buy a ticket. I would personally argue that the wistful dreaming of a better life than the one we currently have is an unhealthy exercise. If I can afford a Toyota for my new car purchase, I don’t walk into a BMW dealership: I will like the Toyota I ultimately end up buying far less than I otherwise would have.

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13 Jan
January 13, 2016

How often do you conduct business electronically? You may be surprised at the answer!

Any time you check your bank account online, have your paycheck or Social Security payment directly deposited, make contributions to your IRA, pay for your home utilities, make a purchase online, file your taxes, or use social media, you are sending or receiving information electronically. You have an electronic account in some form or another with almost every organization with which you transact.

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06 Jan
January 06, 2016

Community foundations across the country are working hard to improve their local communities, but many people are not aware of how they work or the benefits of partnering with them. Here’s an example of how Savant partnered with the Community Foundation of Northern Illinois (CFNIL) in a guest blog from their president, Jon Bates.

Jon Bates, CFNIL President

In November, Savant Capital Management received the 2015 Best-in-Business IMPACT AwardTM, part of Schwab’s annual IMPACT Awards® program which recognizes excellence in

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