As you approach retirement or move to a new employer, a 401(k) rollover probably feels like a natural next step on your to-do list. But if your retirement plan includes employer stock that has grown significantly over time, rolling everything into an IRA without a closer look could mean foregoing a powerful tax opportunity. Called […]
A traditional 401(k) or similar employer-sponsored retirement plan is a foundational savings tool for most Americans, yet those who are self-employed may not have access to these traditional savings methods. While you could still reap the tax benefits of contributing to a traditional or Roth IRA, the annual contribution limits are relatively low (less than […]
So much of your retirement preparation focuses on saving money. But, at some point, you need to take that money out, and how you do that is an integral part of your retirement income strategy. The Secure Act 2.0 contained changes that affect your retirement distribution strategy and timeline. We’ve compiled a deep dive into […]
Are you curious about the Inflation Reduction Act, what it is, and how it impacts you personally? Here are the key highlights that are most likely to impact you directly. What’s The Inflation Reduction Act? The Inflation Reduction Act is the current form of the Build Back Better Plan. It allocates federal dollars toward health […]
Charitable giving may be an essential part of your life and legacy. However writing checks here and there might not be the best way to optimize your giving. Here are some ways to bring intention and strategy to your charitable giving today and in your estate plan for the future. Four Tax-Friendly Ongoing Charitable Giving […]
Your home has captured precious memories—holidays huddled by the fire, Sundays gathered around the table, and so on. Whether it is a quaint mountain retreat or a sprawling estate, a clear estate plan will make the process of leaving property to heirs that much easier. Here are some ways to go about this type of […]
When you have a complex tax situation, there’s likely so much on your mind heading into tax season. Here are a few tips to keep in mind before filing your 2021 tax return. 1. Prep For An AMT Tax Bill Alternative Minimum Tax (or AMT) is a parallel tax filing system designed to ensure that […]
You’re investing for retirement, paying off debt, building up an emergency fund, saving for your kid’s college, and checking all the top financial boxes—now what? If you’re running a surplus each month, it’s so easy to simply funnel money into the basics (401k, IRA, etc.) but is that the best way to truly maximize your […]
As your career advances, you’ll likely encounter equity compensation. Having equity in your company is a great way to feel connection and purpose to the work you do. But equity compensation is hardly one size fits all. There are several different types, all of which could have a significant impact on your financial plan. One […]
In a companion post, we discussed four major changes resulting from the passage of the SECURE Act and strategies to manage them (Top 4 SECURE Act Changes That May Impact You and How To Plan For Them). In this post, we will discuss the new class of retirement plan beneficiaries called Eligible Designated Beneficiaries (EDBs) […]
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