Insights
How do I prepare for health care costs in retirement and what portion will Medicare cover?
Budgeting for health care during retirement depends largely on your age and overall health. However, it is important to plan ahead as the cost of health care will likely increase as you age. According to the U.S. Bureau ... Read more.
Investing in your health to fully enjoy your wealth later in life
My path to living healthier began almost 20 years ago when my father passed away at age 63 and my mother was diagnosed with stage IV breast cancer two days prior to his death (she passed four years later). ... Read more.
How can I maximize my tax savings when donating to charity?
There are several ways that you can reduce your taxes when contributing to qualified charitable organizations, so long as you are able to itemize your tax deductions. Establish a Donor-Advised Fund – Tax law changes may have ... Read more.
Should I Merge My Small Business? Key Considerations Before Taking the Leap
Merging your small business with another can be a strategic move that unlocks growth, profitability, and new market opportunities. But it's not a decision to take lightly. While a well-planned merger can help scale your business faster, a poorly ... Read more.
What gifting strategies will reduce my taxes?
Gifting can be a tax-efficient way to transfer wealth before and after your passing, and there are many strategies available depending upon your situation and goals. Gift Tax Exclusion – The IRS provides an annual gift tax ... Read more.
The Smart Way to Pay Less Tax on Company Stock in Your 401(k) Using NUA
When you contribute to a 401(k), your investments grow tax deferred. But when you start taking distributions, you typically pay ordinary income taxes on the entire amount withdrawn. However, if you own your employer’s publicly traded stock inside your ... Read more.
