What’s Happening
At Partners in Financial Planning, we keep you informed on a variety of topics. Check out our Blog posts and team News featured below. If you missed any of our newsletters or monthly investment commentary, be sure to check out our Newsletters & White Papers page for the latest market news and articles to educate and inspire.
Charleston’s Second-Home Market: Investment Opportunity or Money Pit?
Key Takeaways Charleston’s second-home market attracts buyers seeking vacation properties and rental income, but success requires careful financial analysis Vacation rental income can offset ownership costs, but regulations, seasonal fluctuations, and management expenses affect profitability Charleston’s growing market has created appreciation opportunities, but rising insurance costs and climate risks require consideration Second homes carry unique tax implications, including property taxes, rental income taxation, and potential capital gains Thorough due diligence…
Boating and Water Sports in Charleston: The True Cost of Lowcountry Living
Key Takeaways Owning a boat in Charleston involves high costs beyond the purchase price, including dockage, maintenance, insurance, and fuel The “10% rule” suggests annual boat ownership costs typically run about 10% of the boat’s purchase price Boat clubs, fractional ownership, and rental options provide water access without the full financial commitment of ownership Factoring water sports and recreation into your retirement budget ensures these activities enhance rather than strain…
Charleston’s Arts and Culture Calendar: Making the Most of Spoleto and Beyond
From operas to intimate jazz performances, art exhibitions to outdoor concerts, Charleston's arts scene rivals cities many times its size.
Summer Budget Reset: Mid-Year Financial Review Strategies for Busy Professionals
While you're thinking about beach trips and family time, it's also the perfect opportunity for a mid-year financial review.
The Sandwich Generation Physician: Balancing Aging Parents, Growing Kids, and Your Own Retirement
The term "sandwich generation" describes adults caught between two demanding responsibilities: supporting aging parents while raising their own children.
Beyond the W-2: Understanding 1099 Income and Quarterly Taxes for Locum Tenens Physicians
Whether you're using locum assignments to supplement your income, explore new locations, or bridge between permanent positions, the arrangement provides unique professional advantages.
Spring Home Maintenance in the Lowcountry: Protecting Your Charleston Investment
The Lowcountry's coastal environment is beautiful, but it's also tough on homes.