Nicole T. Strbich, CFP®, CPWA®, EA, is Director of Financial Planning at Buckingham Strategic Advisors. She joined the Buckingham team in September of 2007. She is a Certified Financial Planner™, Certified Private Wealth Advisor® and holds the federally authorized tax practitioner designation as an Enrolled Agent. She and her team in the Financial Planning Department work with clients to develop financial plans and to provide solutions to help clients simplify their finances and to reach their goals. Nicole and her husband have two sons, and they enjoy being outdoors and traveling.
In 9 Things to Consider Before Buying a Vacation Home, Forbes writer Kate Ashford quotes Nicole Stribich: "If you plan to rent the property to help with expenses, first make sure the community allows short-term rentals. Plan for additional expenses, including a management company, potential damages and repairs, and for the property to go unrented for some periods. If you use the property for personal use for more than 14 days during the year, then a portion of the expenses will not be tax deductible,” says Nicole Theisen Strbich, a financial planner with Buckingham Advisors. “If you are married and your adjusted gross income is above $150,000, any losses from the rental property will not be tax deductible and are carried forward to future years.”7 July 2020
Having assets to cash out on a rainy day is key to ensuring that a mini-retirement does not jeopardize your full retirement, certified financial planner Nicole Strbich of Buckingham Financial said. "So many millennials have a strong desire to reduce their debt, which is fantastic but sometimes they do this to the detriment of their flexibility of assets," Strbich said. "It may be beneficial to save funds in an after-tax investment account that you can access, rather than making additional payments to your mortgage. You may not be able to pull the funds back out of your house later, or you may be forced to pay a higher interest rate to do so."7 July 2020