Stock Options Explained: Maximize Your Compensation
Introduction Stock options can be a powerful tool for wealth creation. However, they often come wrapped in complexity that requires some untangling….
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Net Unrealized Appreciation – Cut Taxes On Your 401(k) Stock
Introduction Net Unrealized Appreciation or NUA is a retirement plan distribution strategy for those who hold highly appreciated company stock. Withdrawing 401(k)…
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Cut Taxes With QCDs: Qualified Charitable Distributions Explained
Introduction Qualified Charitable Distributions are a win-win scenario for those who are charitably inclined. With a Qualified Charitable Distribution or QCD, you…
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Roth IRA Conversion – The Pro Rata Rule Is Lurking
A Roth IRA conversion and Roth IRAs in general can be powerful tools in a retirement saver’s toolkit. The potential to accumulate…
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Do You Need IRS Tax Form 5500-EZ?
IRS tax Form 5500-EZ is usually required for one-participant plans like Individual 401k plans. This type of plan is often called a…
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How To Reduce Taxes In Retirement
We hear a lot about the need for diversification when talking about our investments. You know the expression “don’t put all your…
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Required Minimum Distributions – The IRS Loves It When You Turn 73
The IRS loves it when you turn 73, but you won’t get a gift or even a card. The Internal Revenue Service…
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Starting a Business – What You Need To Know
Starting a business is not for the faint of heart. When I joined the ranks of the self-employed, my good friend and…
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IRA Early Withdrawal Penalty – How To Avoid It
The IRA early withdrawal penalty is not always top of mind for IRA owners. Retirement accounts have special advantages when compared to…
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Roth IRA – 5 Things Retirement Savers Must Know
A Roth IRA is an important part of a retirement plan portfolio and deserve a close look from those wanting to make the most of their…
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Is A 401(k) Loan The Right Move?
A 401(k) is a retirement savings plan that many people rely on for their future. However, there may come a time when…
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Tax Planning Tips For 2024: Do It Now Or Miss Out
Follow these tax planning tips for 2024 and bring your A game at tax time. Most of us don’t even think about…
