Brown Sugar-Glazed Carrots

Here are a few year-end tax tips to consider as 2020 starts to wind down:

• Some investors may want to consider selling certain investments in order to realize the capital loss. These losses may help offset taxable capital gains taken earlier in the year.
   
• Look out for the "kiddie tax" rule, which may impact the rate at which a child's stock or investment is taxed. If a child's investment income is above $2,200, they may be taxed at the same rate as trusts or estates.

* This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax professional.

Tip adapted from Turbo Tax[8] 

Knowing how to successfully get out of the divot is an important skill for any golfer to have. Here are some tips to help:

• Make sure to hit the ball with a descending blow. To do this, put the ball further back in your stance, move your weight forward, and grip down on the club for more control.
   
• Accept the rub of the green and focus on your process.
   
• Know that the ball will come out lower and will run out longer than normal and take these facts into consideration when lining up your shot.
   
• Take a practice swing or two to get the feeling of what you want to accomplish.
   
• Focus on what you want to accomplish with your shot, not what you don't want to happen.

Tip adapted from PGA[9]

Dental health is important all year long, but it's especially important during the holidays when we are eating more goodies! Here are some tips to help keep your teeth and gums happy:

• Don't crack nuts with your teeth (there's a reason why nutcrackers are so popular this season!)
   
• Pass on chewy treats like caramel and taffy. This is especially important if you have fillings because these sticky treats can yank out those fillings.
   
• Use proper tools to open packages and bottles. Reach for the scissors when tackling that tricky plastic packaging.
   
• Avoid chewing on hard candy or even ice cubes. Or even better, avoid hard candy altogether to limit the risk of tooth decay.
   
• Try not to bite your nails, no matter how stressful your family might be! If you feel the need to bite your nails, try to distract yourself so the feeling will go away. 

Tip adapted from Delta Dental[10]

It's no secret that bringing plants into your home may come with many health benefits, including improved moods, cleaner air, and natural stress relief. If you've decided to bring some new plants into your home this winter season, here are some tips to help them thrive:

• Adjust your watering schedule. Although winter air is drier, most houseplants aren't putting out new growth during this season so they don't need to be watered as frequently. Only water when the top 1-2 inches of soil is completely dry.
   
• Increase humidity with a humidifier or take your plants in with you while you shower a few times a week! As mentioned, dry winter air is harsh on sensitive houseplants. You can also increase humidity by grouping plants together or resting them on a water tray with pebbles (but don't let the roots sit in water).
   
• Keep your plants at a constant temperature (between 65-75 degrees during the day and above 50 degrees at night). Keep them away from cold drafts or sources of heat.

Tip adapted from The Spruce[11]

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Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

Diversification does not guarantee profit nor is it guaranteed to protect assets.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the NASDAQ. The DJIA was invented by Charles Dow back in 1896.

The Nasdaq Composite is an index of the common stocks and similar securities listed on the NASDAQ stock market and is considered a broad indicator of the performance of stocks of technology companies and growth companies.

The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.

These are the views of Platinum Advisor Strategies, LLC, and not necessarily those of the named representative,

Broker dealer or Investment Advisor and should not be construed as investment advice. Neither the named representative nor the named Broker dealer or Investment Advisor gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Please consult your financial professional for further information.

Summit Financial Group
Summit Financial Group of Indiana
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