529 Plans are very popular college savings tools but what happens if you save more money into them than your child needs for college? Hint: It's not as bad as you think! There are many ways to benefit from these plans without fear of "over-saving". Let's explore.
Employee Stock Purchase Plans (ESPP's) are a form of employee benefit that offers a discount on the purchase of company stock. We are seeing them more and more in employee benefit plans. Should you be taking advantage of these plans? Should you prioritize them over funding your more traditional 401(k) vehicle? Let's dive in and explore!
Unlike your 401(k), self-directed IRA's contain the flexibility of holding investments in things like real estate, business interests, commercial properties, hotels, etc. But is owned a property inside an IRA a good idea? What are the pros and cons with this type of ownership? What are some things to be aware of before going down this path?
The Biden administration has proposed the elimination of the "step-up in basis" loophole that Americans have been taking advantage of for years. What does this mean? What planning steps do we need to consider if this does get written into law? How can we proactively navigate this potential change?
Capital gain taxation has plenty of planning considerations. Some are obvious, but others derive as a result of how those gains affect other areas of your tax return or financial plan. Here are a few considerations for you as you decide how to time the sale of your investments and real estate.
We are often asked about alternatives to leaving your money in low-yield checking and savings accounts. Specific recommendations depend on the purpose of the money....but here are a few ideas of ways to generate some additional yield without much additional risk.