Insights
How can Roth conversions help with tax efficiency?
When rolling funds over, or converting, from a qualified retirement accounts (401(k), traditional IRA, SIMPLE IRA, or SEP IRA) to a Roth IRA, you will need to pay the taxes, as those accounts were funded with pre-tax dollars. ... 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.
Financial-Planning.com: What’s the right ratio of U.S. and foreign stocks?
John Foligno shares his take on Financial-Planning.com “Ask an Advisor” (April 13, 2023) Dear advisors, What would be a good allocation between domestic and international stocks? I'm a 36-year-old tech worker in New York City, and I have about ... Read more.
With a pension plan, is an annuity or lump-sum payout better for me?
If you are one of the more fortunate to receive a pension, there may be several different payout options, like a lump-sum payout, and understanding the pros and cons of each can make a significant difference in ... Read more.
Why does my small business struggle with employee retention and what can I do to improve it?
Employees are by far your most valuable asset and retaining them can lead to greater profitability. In fact, research has shown that by focusing on engagement, a business can see over 20% higher profitability[1]. But there are several challenges ... Read more.
