Below you'll find a list of all posts that have been tagged as “tax planning and financial planning”
The Federal Reserve (The Fed) practices monetary expansion primarily by lowering short-term interest rates, purchasing government securities, and reducing reserve requirements for banks. These actions increase the money supply, encourage lending, and stimulate economic growth. Monetary expansion has become a fundamental driving force in shaping the U.S. economy, influencing everything from consumer spending to investment strategies. As the Fed …
A Health Savings Account (HSA) is a straightforward and powerful tool designed to help you save for medical expenses while also providing some fantastic tax benefits. If you’re new to HSAs, understanding how they work and their advantages can help you make smart financial choices for your health and future. What Is an HSA? An HSA is a special savings …
As the year draws to a close, now is the perfect time to take control of your financial future. Whether you’re an existing client or considering working with us, proactive tax planning can help you maximize savings and minimize surprises when tax season arrives. Why Act Now? Simple Steps You Can Take Today Review Your Income and Deductions: Assess your …
Your 401(k) Offers You Valuable Benefits You Just Can’t Find Anywhere Else In the midst of economic adversity, market volatility, geopolitical uncertainty and a host of other things (including a still-active pandemic, now in its third year), it can be hard to find a silver lining. However, there is one thing that keeps showing you some love every day — …
So what is a Section 83(b) election? Put simply, it accelerates your ordinary income tax. Sound complicated it is? Today, Michael explains how and why the utilization of an 83b election is important.
Have you this year received an invitation in the mail for a fancy steak dinner with a “fiduciary financial advisor?” If yes you may want to review the fine print on that invitation! This episode of Nestology TV Mike discusses why the term fiduciary no longer carries the weight it used to and provides an example where your advisor may …
2 things keep the IRS’ hands out of most people’s financial pockets: the annual gift tax exclusion and the lifetime exclusion. This weeks episode of Nestology TV Kevin discusses how to utilize the gift tax and the benefits of gifting alive and after you have passed. Changes in tax laws or regulations may occur at any time and could substantially …
Almost every financial decision you make has an effect on your taxes and, ultimately, your bottom line. Kevin reviews some things that can reduce your tax liability.
You can be generous with your loved ones during the gift-giving season without running afoul of the rules. One way many individuals try to avoid estate and inheritance taxes is to give money away during their lifetime, effectively reducing the wealth that will be subject to federal taxes when it’s passed on to heirs. This is a viable strategy, but …
