A new year is upon us! Help make 2019 the best year ever with these 19 money tips…
8 Year-End Tax-Saving Tips
December is here, which means that we are nearing the end of yet another tax year. This may be causing some of you to have visions of looming tax-bills instead of sugar plums dancing through your head. Fear not! Here are 8 tax-saving tips that you can do between now and the end of the year to possibly reduce your tax obligations for the year.
Employee Stock Options 101
Many companies today offer their employees the ability to purchase shares of stock in the company by granting stock options as a form of compensation. Stock options are beneficial to both parties, as it allows employers to attract and retain high-quality employees, while providing a nice additional benefit for employees. While stock options can be a great potential benefit, many employees are not very familiar with how they work. The goal of this article is to help you better understand what stock options are and how they work, what types of stock options there are, and how to maximize them for your benefit.
A Comprehensive Guide to Roth IRAs
Since first being introduced in 1997, Roth IRAs have become an increasingly popular retirement savings vehicle, and understandably so. There’s a lot to like about Roth IRAs, particularly for younger investors who can benefit the most from many of the Roth IRA’s features. While most people have at least heard of a Roth IRA, there tends to be a lot of confusion regarding the nuances and details of these accounts. This article is meant to clarify what exactly a Roth IRA is, what it isn’t, and why I think it’s a great place for investors, particularly younger professionals, to start saving money for retirement…
Eight Financial Habits to Help Build Wealth
The Amazing HSA
When talking with people about their employee benefits, there are certain topics that everyone wants to talk about because they’re exciting and fun to discuss (401(k)s, stock options, anything investment related). Then, there are other topics that, when mentioned, generally causes people’s eyes to glaze over, toes to curl up, and invokes a strong involuntary reaction to do ANYTHING ELSE than to discuss that particular topic…
Backdoor Roth IRAs – Part 2 - Pitfalls to Avoid
The IRA Aggregation Rule states that when an individual has multiple IRA accounts (Traditional IRAs, along with SEPs and Simple IRAs), for conversion purposes, all of these accounts are considered one large account. In these cases, the individual cannot say that he/she solely wants to convert his IRA to a Roth from the nondeductible portion of his/her IRA accounts…
Backdoor Roth IRAs – Part 1: An Introduction
Roth IRAs have become an increasingly popular retirement savings tool for Americans, and rightfully so. The accounts grow tax deferred and, if held until 59 ½, the growth in the accounts can be withdrawn at a 0% income tax rate. Also, unlike its Traditional IRA cousin, owners of Roth IRA accounts do not have to…
