Financial Planning, Tax Planning

It’s Not About What You Make, It’s About What You Keep

If you unfamiliar with the financial term Tax Cost Ratio (TCR,) you aren’t alone. TCR refers to the amount a fund’s annualized return is reduced by taxes because of distributions (including stock and bond dividends and capital gains distributions). If a fund has a one-year tax cost ratio 0.9%, it means an investor’s returns were… Continue reading It’s Not About What You Make, It’s About What You Keep

Financial Planning, Tax Planning

Fully Funded 529? How to Get $8,000 in Tax Credits

As laws change and the tax codes are updated, I’m always looking for planning opportunities for our clients. The most recent opportunity will impact only a small subset of our clients, but can save a family approximately $8,000 per college student. This strategy revolves around college planning and specifically focuses on college tuition funding, 529… Continue reading Fully Funded 529? How to Get $8,000 in Tax Credits

Financial Planning

Understanding Required Minimum Distributions

What is a Required Minimum Distribution A Required Minimum Distribution (RMD) is the IRS mandated money that must be withdrawn from tax-deferred accounts (SEP, SIMPLE, IRAs, and qualified plans) beginning at age 72 (or 70.5 if the account owner turned that age before Dec. 31, 2019). RMDs act as a safeguard against individuals using retirement… Continue reading Understanding Required Minimum Distributions

Financial Planning, Risk Management, Tax Planning

Focus on What You Can Control

$1,000 vs $100,000 Decisions Mitch Custenborder wrote an article about $1,000 vs $100,000 decisions. Mostinvestors want to see big returns, and who can blame them? However, I’d argue that is a $1,000 concern. The $100,000 thought would be “What return do I need”. Instead of focusing on returns and market movements that you and your… Continue reading Focus on What You Can Control

Estate Planning, Tax Planning

Why You Shouldn’t Add Your Heirs to Your Deed

No one likes planning for their own death, but when it comes to your wealth and taking care of your family, it’s a necessity. Over the last few months, I’ve had clients ask about putting their heir(s) on the deed of their properties. Additionally, I’ve learned some have followed through on this, not knowing the… Continue reading Why You Shouldn’t Add Your Heirs to Your Deed

Financial Planning, Risk Management, Tax Planning

Maximizing Your Employee Stock Options

Only 16 percent of companies still offer traditional pensions.  Every few years negotiations take place between these companies and the unions over benefits. The negotiations can drag on for months and can lead strikes.  While the number of pension plans are deteriorating, the number of employee stock options plans are on the rise.   For those… Continue reading Maximizing Your Employee Stock Options