Tax considerations are a key part of a successful financial plan, and that’s true of minors as well as adults. A previous blog post explored Roth IRAs as investments to position young workers for future tax savings. However, a child’s…Read More
By Manisha Gupta, AWM Financial Planning Lead & Candidate for CFP® certification Investing in a 529 plan can be an effective and easy way to save for college, but when it comes time to spend those funds, there are some important nuances…Read More
President Trump signed the SECURE Act into law on December 20th, 2019. The purpose is to help more Americans obtain retirement security. The following is not an exhaustive list of changes, but a description of changes that will likely impact…Read More
Financial planning just got better with the addition of RightCapital, a fresh new cloud-based program for organizing financial information and visualizing financial concepts. We have been using eMoney for almost 10 years, waiting for a competitor to develop a better…Read More
The stock market brought us gifts just in time for Christmas. The chart above show the % declines from all-time highs over the past five years for the S&P 500. Christmas Eve just happened to be the most significant pull…Read More
There are two great things about bad stock markets: 1) opportunities to buy at attractive prices, and 2) opportunities to harvest tax losses. We have been hard at work over the last couple of weeks finding ways to save our…Read More
(may not apply to you, always consider your cash flow and cash reserve first, and always consult your CPA for details) Increase your pre-tax 401k contributions from your final paychecks of 2017. You are allowed up to $18,000 for the year ($24,000 if…Read More
This may be relevant if you are interested in some combination of the following… You want to be involved in charitable giving. You are seeking tax deductions. You want to take your time to determine the proper array of charities…Read More
By: Jonathan McQuade, CFP® Okay, okay. Deciding to have children is not often based on the idea of a positive economic outcome for parents. As the father of two young children, my colleagues like to remind me of the average…Read More
The advantages of tax deferral are often emphasized when it comes to saving for retirement. So it might seem like a good idea to hold off on taking taxable distributions from retirement plans for as long as possible. (Note: Required…Read More
