Nathan Edwards

CFP®, CFA
Personal Finance, Retirement, Investing
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“Nathan Edwards is a financial planner and investment manager with IMG Wealth Management in Jacksonville, FL, serving high net-worth and institutional clients.”
Firm:

IMG Wealth Management

Job Title:

Financial Planner, Analyst

Biography:

Nathan Edwards is a CERTIFIED FINANCIAL PLANNER™ professional and CFA charterholder. He is committed to the idea that establishing clearly defined financial objectives is the keystone of the financial planning process. With these objectives as the foundation for a viable financial plan, Nathan believes that it is possible to elevate one's peace of mind and financial well-being both now and into the future.

IMG Wealth Management was created by professionals from Investment Management Group in 2017 to meet the specific needs of high net-worth individuals and institutions. Nathan and IMG Wealth Management's team of financial planners, investment managers, and support staff have developed a business model tailored to the unique requirements of their core clientele.

Assets Under Management:

$30 million

Fee Structure:

Fee-Based
Fixed

CRD Number:

5219718

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September 2017
    Investing, Financial Planning

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    Debt, Real Estate, Taxes
Can you sell your first home without Capital Gain Tax after converting it to Rental for 2 years?
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If you fall within the parameters the IRS has outlined here, you might be able to have your cake and eat it, too, so to speak! Generally, you can convert your primary residence into a rental property and avoid paying taxes on some or all of the capital gains upon its eventual sale. That is, as long as you owned and lived in the property as your “main home” for two of the five years prior to the date of sale.

A big sticking point, and potential risk, is a matter of timing. Yes, you have to have occupied the home as your primary residence for at least two of the last five years. That’s usually the easy part. The hard part is the clock that starts ticking once you move out. If you resided at the property continuously for at least two years prior to moving, then you’ve got three years to sell it.

It sounds easy on paper, but, as we saw during the most recent financial crisis, buyers do not always materialize when they are needed. The timeline factor becomes an even more important consideration if the plan is to rent the property for a couple of years prior to putting it on the market.  

Considering what’s at stake, it is certainly advisable to speak with a tax professional – and probably a disinterested realtor – that is familiar with your specific situation prior to making any decisions.  

 

August 2017
    Personal Finance, Stocks
What are the similarities in calculating the beta of a stock and the beta of a regression analysis?
100% of people found this answer helpful
September 2017
    Retirement, Retirement Plans
Are our retirement calculations sound?
100% of people found this answer helpful
September 2017
    Career / Compensation
What are some tips a young financial adviser might find valuable when first starting out?
100% of people found this answer helpful
September 2017
    Retirement, 401(k)
How should I withdraw from my 401(k) before retirement age?
100% of people found this answer helpful
September 2017