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
You’ve shopped around for whole life insurance and have found a policy that yields the best benefits for your family, from funeral preparations to aiding in supporting them for years to come. However, you may not be aware that there are some ways you can reap the benefits of your life insurance policy during your… Read More 4 Ways Your Life Insurance Policy Can Benefit You While You’re Living
One of the major problems that occur with preparing for one’s passing and financial distribution is that people frequently leave the matter to the very last minute and then make rushed decisions with bad information. This can cause common mistakes to occur that could be avoided with proper preparation. Every financial professional will be quick… Read More Common Estate Planning Mistakes to Avoid
As an executive, it’s likely that you’re feeling pressure to put together an estate plan. Because of the unique way you may be compensated as an executive, there are details to identify that not everyone else needs to focus on. Your accumulation of assets is more than likely in a variety of contexts, including real… Read More Estate Planning for Executives
A commonly used analogy to describe the two broad forms of life insurance is: renting vs. owning. Term life insurance is like renting a home. When you stop paying for coverage, your benefits end. On the other hand, with permanent life insurance, you build up cash value (i.e., equity or ownership). This cash value is… Read More The Rationale Behind Permanent Life Insurance
From setting aside a portion of your earnings each year to investing for a long-term horizon, saving for retirement is a fairly straightforward concept. Once you reach your retirement date and begin drawing income from your savings, however, things begin to feel more complex and, at times, uncertain. Annuities can provide longevity insurance by protecting… Read More Thinking About Income in Retirement? An Annuity Might Be the Way to Go
Life insurance policies can offer different benefits to different people, depending on where they are in life. Term and whole-life insurance are just two types of life insurance that people can use to protect their loved ones from a variety of expenses they may not be able to take care of on their own. Learn… Read More Choosing Between Term and Whole Life Insurance: Which Is Right for You?
Have you ever set a financial goal for yourself with the best of intentions, only to find yourself derailed after a few months? If so, you’re not alone. Just look at how many people start the New Year off with a brand-new gym membership, only to stop going after a few months. Let’s get back… Read More Investment Strategy: Setting Financial Goals
Keith Weiss CFP® 