Making money is exciting — keeping it is even smarter. Without smart capital gains tax planning, taxes can eat into your profits. I want to give you a quick rundown of what, if any capital gains taxes will apply to your appreciated assets. Fully understanding potential tax ramifications of selling a stock or fund can help […]
Smart Capital Gains Tax Planning: How To Keep More Of Your Profits Read More »
I didn’t plan on writing this when I woke up this morning. Every year on my Birthday, I like to take some time and reflect on the past year, or years. What I’ve learned, what I’m grateful for, what I need to focus on more, etc… Lately, I’ve been starting my day with a workout
42 Lessons the Markets (and Life) Taught Me Read More »
Your 401(k) is one of the most powerful tools for building wealth —but only if you know how to use it effectively. Contribution limits, tax treatment, and rollover rules can get confusing, and you’re not alone if you’ve found them hard to follow. In this post, we will focus on the contribution side so you
401(k) Confusion? Here’s Your Simple Guide to Contributing Like a Pro Read More »
An RMD is something we eventually have to consider. Saving and investing money into a pre-tax retirement account is a great way to save for the future. It also allows you to lower your tax liability every year that you contribute, making pre-tax retirement accounts one of the most popular ways people sock away money for
RMD’s… What You Need To Know Read More »
A ROTH Conversion is a tax planning strategy that shifts money from a pretax retirement account to an after-tax retirement account. This is a popular strategy for many reasons, so we are going over some details for you. Although it is not the perfect fit for every investor, it remains one of our favorite long-term planning
Roth Conversions Explained Read More »
Every year the IRS changes several items based on the rate of inflation. Their goal is to help people maintain their purchasing power as the cost of living rises due to inflation. In years past, this wasn’t a big deal as inflation was very muted, causing the IRS adjustments to be minor. As we know by now
IRS Changes For 2023; What Matters To You Read More »
Making sure your beneficiaries are up to date is a simple but essential exercise. Take care of this when you are alive and healthy. The best way to have your wishes carried out after you pass on is to have your beneficiary information set up correctly. This can also save your loved ones headaches and
Crash Course On Beneficiaries Read More »
