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?
As a small business owner there will likely come a point that involves taking your business to the next level and whether a merger or possibly even an acquisition may help you achieve your goals. With mergers ... 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.
How can I receive a tax break using Net Unrealized Appreciation for company stock in my 401(k)?
The assets held in your 401(k) provided tax-deferred growth opportunities, but when you begin taking distributions, you will be paying ordinary income taxes. However, if you own shares of your company’s stock inside of their 401k plan ... Read more.
