Many of you already have estate documents, probably executed many years ago. You need an estate attorney to look over your documents every 10 years or so. Here are a dozen points to review. 1 Do you have a will and powers of attorney for health care and property? These are part of every complete… Read More 12 Estate Planning Must-Dos
Compared with other forms of compensation, incentive stock options (ISOs) can provide executives and other employees with substantial tax breaks. If held for a certain period of time, shares purchased as ISOs may escape all taxes other than the relatively low long-term gains rate of 15%. But as many “paper millionaires” discovered during the most… Read More Exercise Caution When Exercising Incentive Stock Options
Estate planning is an often complex financial process that nearly all investors should consider. It includes reviewing legal and tax implications, investment strategies and personal questions to ensure your estate is set up efficiently. As we ring in 2024, let’s look at some of the most important estate planning documents you should have prepared. Wills… Read More Estate Planning: Do You Have These Documents Prepared?
In today’s digital age, where personal information is frequently shared and stored online, the risk of identity theft looms large. Identity theft occurs when someone gains unauthorized access to your personal data and uses it for fraudulent purposes, often resulting in financial loss and damage to your reputation. With cybercrime on the rise, it’s more… Read More Insurance Basics: Identity Theft Protection
There are strategies out there that could save you thousands of dollars in taxes, but you probably won’t ever hear about them unless you work with an experienced professional. The Deferred Sales Trust is one of those. It isn’t well known, but it should be. Here’s how it works. We sometimes have clients who own… Read More A Real Estate Exit Strategy That Can Save on Capital Gains Taxes
Over the past few years, you’ve probably heard—and read—more and more about cryptocurrency, including Bitcoin, Dogecoin, Ethereum, and many others. A surprising 13% of Americans traded in cryptocurrency in 2020, compared with 24% who traded in stocks. And the number of people trading in crypto is only expected to increase.1 But what exactly is cryptocurrency?… Read More Cryptocurrency & Bitcoin Basics
Preparing a strategy that is both advantageous and tax-efficient might feel daunting at first. Thankfully, there are some things you can do now to keep from overpaying this tax season. Build Your Team of Professionals You might build a team for any number of pursuits, from organizing a baseball team to putting together people to… Read More Tax Strategies for High Earners
You know preparing and saving early is key to reaching your retirement goals—but as someone who makes six figures or more, you might have encountered some roadblocks. High-income earners face several financial hurdles when it comes to preparing for retirement, as their income can actually limit them from utilizing certain tax-advantaged retirement savings strategies. If… Read More High-Income Earners May Have Trouble Saving For Retirement: Your Guide to Overcoming Some Surprising Roadblocks
Keith Weiss CFP® 