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….
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)…
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…
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…
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…
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…
HSA Plan – What You Need To Know
An HSA plan, short for Health Savings Account, should not be ignored. These were created in 2003 to provide special tax treatment…
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…
The SECURE Act And Your Retirement
The SECURE Act (Setting Every Community Up for Retirement Enhancement) is now the law of the land. If there’s any constant in…
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…
UTMA Accounts – What You Need To Know
UTMA accounts provide a way to gift money to minor children. Contributing funds to UTMA accounts constitutes an irrevocable gift. Once you…
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…