To say this election season is unusual may be an understatement. In just a few short weeks, Americans witnessed an assassination attempt on one candidate and an unprecedented drop-out from the other—all with less than 130 days left in the race. As both sides continue to rally and regroup in light of these historic events, […]
For the first time in more than two decades, Massachusetts residents and their families may be able to enjoy new tax-saving benefits. On October 4, 2023, Governor Maura Healy signed the $1 billion Massachusetts Tax Relief Plan, providing tax relief to residents and corporations doing business in the Commonwealth. One notable update included adjustments to […]
Just as recent advancements in technology have made our lives easier, they’ve also made our sensitive data more vulnerable to cybercriminals than ever. In 2023 alone, individuals lost $12.5 billion to cybercrime, according to the FBI.¹ As you continue to enjoy the ease and convenience of accessing your information online, what can you do to […]
If you are like most taxpayers, you probably want to reduce your tax bill this year. While tax deductions are more commonly used, wise taxpayers also look to tax credits to minimize their tax liability. In this article, we cover the ins and outs of two tax credits available to eligible taxpayers, especially those who […]
Clutter is a common annoyance, especially in a busy household. But did you know it sneaks up in your financial life as well? And that it can also cost you money? “Financial clutter” is distracting and it makes it hard to see the progress youʼre making toward your financial goals. It can even hide problems […]
Few financial instruments carry as much significance as Inherited Individual Retirement Accounts (IRAs). These accounts passed down from generation to generation have long been essential for legacy planning. However, the SECURE Act has made changes that have reshaped the landscape for those inheriting IRAs after 12/31/2019. These changes affect how beneficiaries access and manage these […]
Through what some are calling a “silver tsunami,” experts predict around $84 trillion in wealth to be transferred over the next two decades.¹ The impact will likely be felt across various sectors of the economy, and it will require careful planning and adaptation to address this demographic shift’s opportunities and challenges. If you are receiving an […]
In the intricate landscape of executive retirement planning, few tools wield as much potential for financial empowerment as employee stock options (ESOs). For high-earning executives navigating non-traditional equity planning and tax strategies, understanding the nuances of Non-Qualified (NQ) and Incentive Stock Options (ISO) is paramount. This blog aims to unlock the latent power within these […]
In retirement planning, one thing is clear – when preparing for the future, there’s no one-size-fits-all solution. This especially applies to high-income earners, who often have more complex financial portfolios and other unique considerations to weigh. For those fortunate enough to enjoy a high income, the stakes are higher, and the choices are more significant. At […]
When contemplating retiring early, your decision-making process starts with a long, hard look at your current financial standings. The more time you plan on spending in retirement, the more savings you’ll need to set aside to cover your lifetime expenses. One expense, in particular, has the potential to put a strain on your retirement budget […]
