When thinking about retirement, most save through an employer (like a 401k). The second option is through a personal Individual Retirement Account (IRA)…
How can W2 Employees Reduce Taxes?
Most individuals are employed by a company and paid wages from a salary (W2 employees). Here are some ways individuals can reduce their tax burden..
Highly Appreciated Stock?
Here are some strategies to avoid paying the large tax bill associated with that stock. As with anything, there may be downsides to each of these strategies and pros/cons that differ for each investor. Welcome Net Unrealized Appreciation (NUA).
A Simple Estate Planning Checklist
When you name a beneficiary for an asset, it transfers upon your death to the named person. Many types of accounts allow this; investment accounts, IRAs, retirement accounts, life insurance policies, etc..
UTMA To the Rescue!
In this situation, one idea is to open a UTMA for your kid (your kid is the beneficiary today and becomes the owner when they turn 21). Why is this? UTMA accounts are taxed favorably…
Net Unrealized Appreciation!
Who doesn’t like to save on taxes? Taking an in-kind distribution of public company stock from your 401k may result in more favorable tax treatment than taking the distribution in cash.
Trick for Boosting Your Roth Contributions
If business titan Peter Thiel’s $5 billion tax-free individual retirement account has you jealous, here’s a way to build a pot of tax-free retirement savings without paying much in taxes: A mega-backdoor Roth conversion.
Crucial Conversations
Crucial ConversationsTools for talking when stakes are highThese are personal notes (some copy/pasted), so please don't judge any grammar! If you see something interesting here, let's discuss it! "People who are silent and don't ...
10% Happier
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Mastery Notes
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