Three Things to Review During Open Enrollment
Open enrollment is more than an opportunity to choose your health insurance for the year ahead. It can also be a helpful reminder to review your broader employee benefits and make sure they still align with your current circumstances. Major life changes, new financial priorities, or reaching certain age milestones can all affect the choices available to you....
I Have Maxed Out My 401(k)...What's Next?
For many high-income earners, contributing the maximum amount to a 401(k) is an important milestone. If you have reached this point, give yourself a pat on the back, as this is not something the average person has the capacity to do. It means you are taking full advantage ...
Introduction to Trump Accounts
One of the provisions of last year’s extensive tax bill was the addition of a new investment option for children. While they were created under Section 530A of the Internal Revenue Code, these new accounts have come to be known more informally as “Trump accounts”. Now that these accounts have gone live as of July 4, this post will provide an overview of how these accounts work, as well as information on other options for saving or investing on behalf of a child...
Who Will Inherit Your Retirement Accounts and the Tax Bill They May Inherit Too
During estate planning it is easy to focus on who will inherit your assets and assume that equal shares automatically result in equal inheritances. However, when it comes to retirement accounts, this is not necessarily true. A Traditional IRA and a Roth IRA may carry identical ...
The Mega Backdoor Roth Strategy
Have you ever considered what you can do to save more on a Roth basis outside of your typical direct or backdoor Roth IRA contribution? For many high-income earners, $7,500 ($8,600 if age 50 or older) to a Roth IRA just is not enough, and many wish they could save ...
Why is the Stock Market Going Up?
The most common question we are hearing right now from clients regarding their investments is “how is this happening?” Despite engaging in a war in the Middle East, historically high oil prices, and low levels of consumer confidence and investor sentiment, ...
