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.
Most people know life insurance is a crucial piece of protection for their family. What's harder to determine is how much is enough? What's the right amount of protection to provide for those we care about? Here's a simple formula to help ensure loved ones are properly cared for in the event of an untimely passing.
Did you know you can contribute up to $58,000 to your 401(k) plan? The key is "after-tax contributions". What are they? How do they work? Should you consider making them?
There are many people who have made mistakes planning for their child's education. Check out my latest blog post where I share the five most common mistakes to avoid so that you can successfully save for your child’s education.