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Monday, March 20, 2023

Every parent wants the best for their children and strives to prepare them to lead a happy, healthy, and successful life. But, despite understanding the importance of financial responsibility, only 28 percent of parents speak to their...

Monday, March 6, 2023

Transitioning from Private Health Insurance Plans to MedicareAs you approach retirement age, you may be anticipating transitioning from your private insurance to Medicare, which is a federal health insurance program that provides...

Thursday, March 2, 2023

When it comes to your financial plan, trust is paramount.  Clients need to trust their advisor to manage their assets and to help them reach their financial goals.  But how do you know if you can trust your advisor?  One...

Thursday, February 23, 2023

The decision to rollover a 401(k) plan can have long-lasting implications for your financial future.  Understanding the difference between rolling over a Roth 401(k) vs. a Traditional 401(k) is important to making the best choice...

Thursday, February 23, 2023

It is important to know what options you have with respect to your 401(k) plan when changing jobs or being laid off.  Here are a few common options:Roll the funds over to an IRA: You can choose to roll the funds over into an...

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Thursday, February 23, 2023

Taking a loan from your 401(k) can be a convenient option if you need access to funds for a short-term financial need.  However, it is important to understand the terms and implications of a 401(k) loan before making the decision...

Thursday, February 23, 2023

Net Unrealized Appreciation (NUA) is a tax-advantage strategy that applies to certain employer sponsored retirement plans, such as a 401(k) or a pension plan.  It refers to the difference between the cost basis of an employer...

Thursday, February 23, 2023

After-tax money in your 401(k) refers to contributions made to the plan that were taxed in the year they were earned, as opposed to contributions made with pre-tax dollars, which are taxed when they are withdrawn from the plan.When you...

Thursday, February 23, 2023

Restricted stock options are a type of equity-based compensation that companies offer to their employees.  When an employee is granted restricted stock options, they have the right to purchase a specified number of the...

Thursday, February 23, 2023

A Health Savings Account (HSA) is a tax-advantaged savings account that is designed to help individuals save for future medical expenses.  It is typically paired with a high deductible health insurance plan.  Contributions to...

Thursday, February 23, 2023

Non-Qualified Stock Options (NQSOs) are a type of stock option that are not eligible for favorable tax treatment.  This means that the individual that receives the NQSO must pay ordinary income tax on the difference between the...

Thursday, February 23, 2023

Non-Qualified Deferred Compensation Plans: What they are, what your options are, and what you can do with a NQDC plan in the event of a job change or layoff.A Non-Qualified Deferred Compensation (NQDC) plan is a type of retirement...

Thursday, February 23, 2023

Losing your job can be a stressful and uncertain time, but it is important to take control of your finances and make informed decisions about your employer benefits.  Here are a few steps you can take in the event of a...

Wednesday, February 15, 2023

According to the Investment Company Institute, near the end of 2022, there was more than $4.7 trillion in cash sitting in U.S. money market funds.1,2While cash can play a role in a diversified portfolio, historically, cash has not kept...

Wednesday, February 8, 2023

By 2040, the U.S. Census Bureau estimates that 80 million people in the U.S. will be age 65 or older.1 Most of these senior adults will either want to—or need to—"age in place," living in their homes securely, independently...

Wednesday, January 4, 2023

In October 2022, the Internal Revenue Service (IRS) announced tax changes for 2023 — changes primarily driven, in part, by the current inflationary environment. For affluent couples or individuals interested in transferring...

Monday, December 12, 2022

In today’s social media-obsessed world full of popular “influencers” targeting teens, pre-teens, and even younger groups, instilling values in your children and grandchildren about what really matters in life is more...

Monday, December 5, 2022

In late October, the IRS announced that it is increasing contribution limits to retirement savings accounts in 2023. The changes, like many you are seeing, are a direct result of months of high inflation and financial uncertainty, some...