Short On Time? Here’s a Quick Summary: Definition and Eligibility: Qualified Charitable Distributions (QCDs) allow individuals aged 70½ or older to donate directly from IRAs to qualified charities, excluding the distribution from taxable income. This strategy can help manage required... Read More
Short On Time? Here’s a Quick Summary: Long-Term Market Resilience: While political outcomes may stir emotions, market performance historically reflects the strength of the U.S. economy over time, not the party in power. Diversified portfolios are typically more resilient to... Read More
Short On Time? Here’s a Quick Summary: 529 plan funds can be used for a variety of educational expenses, including higher education, vocational or trade schools, and K-12 tuition at public, private, or religious institutions. Qualified expenses include tuition, housing,... Read More
Short On Time? Here’s a Quick Summary: The Alternative Minimum Tax (AMT) is a separate tax system designed to ensure that high-income earners pay a minimum level of taxes, with more restrictive deduction rules than the traditional tax system. Due... Read More
Short On Time? Here’s a Quick Summary: Setting Clear Goals and Planning: Just as Olympians set specific, measurable goals and follow detailed training regimens, high-net-worth families should define clear financial objectives and develop comprehensive financial plans with the help of... Read More
Each year the Internal Revenue Service (IRS) evaluates its limitations for employer-sponsored retirement plans (401(k), 403(b), 457, TSP, etc.), individual retirement accounts (IRA), Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), dependent care accounts, and payroll taxes for Social Security,... Read More
It’s natural to wonder exactly how a bank safeguards your money. Fortunately, the Federal Deposit Insurance Corporation (FDIC) insurance exists for this very reason: to help protect your funds once deposited. Read on to explore the purpose of FDIC... Read More
Each year the Internal Revenue Service (IRS) evaluates its limitations for employer-sponsored retirement plans (401(k), 403(b), 457, TSP, etc.), individual retirement accounts (IRA), Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), dependent care accounts, and payroll taxes for Social Security,... Read More
The term “diversification” is often heard but not always fully understood. Proper diversification of investments can help investors minimize risk and volatility in their portfolio, while maximizing returns. Diversification is more than avoiding too many eggs in one basket. Rather,... Read More
Each year the Internal Revenue Service (IRS) evaluates its limitations for employer-sponsored retirement plans (401(k), 403(b), 457, TSP, etc..), individual retirement accounts (IRA), Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), dependent care accounts, and payroll taxes for Social Security,... Read More