How to Do a Backdoor Roth IRA Conversion the RIGHT Way
A Savvy Money-Saving Strategy for High-Earners Backdoor Roth Conversions are an increasingly popular way to get money into a Roth if you exceed income limits. Since the government lifted the restrictions on this strategy back in 2010 more and more individuals are building this strategy into their savings plans. However, as popular as they are, […]
Mega Backdoor Roth: How to Get $61k in a Roth IRA
The Mega Backdoor Roth is a tax loophole that many affluent individuals take advantage of to put $61,000 into a Roth IRA. If you are familiar with Roth IRAs, you know they are limited to only $6,000 a year in contributions ($7,000 if you’re over 50 years old) and they have income phase-outs. With the […]
Restricted Stock Units (RSUs) 101
What You Need to Know About This Type of Equity Compensation Restricted Stock Units (RSUs) are a common form of equity-based compensation. They can be an excellent way for companies to make their employees feel more included and to increase retention. If you have RSUs or you are considering taking a job with Restricted Stock […]
The Various Ways Inflation Can Impact Your Tax Plans
Understand the Ways Inflation Can Impact Your Taxes, and How to Plan Accordingly Rising inflation has forced many to rethink their tax plans. Elevated inflation has forced a shift in monetary policy which has led to elevated financing cost through higher interest rates. It has led to market volatility and a drop in certain asset […]
What Should I Do with My Non-Qualified Stock Options (NSOs)?
“Do you understand the concept of Leverage?” If you’ve ever seen the television show Breaking Bad, perhaps you recall Walter White saying this a few times. For Non-Qualified Stock Options (NSOs), this phrase sums them up. If you have the good fortune of having NSOs, then it’s critical to understand how they work and how […]
What is NUA: What Employees with Company Stock Need to Know
Understanding Net Unrealized Appreciation (NUA) If you have owned company stock in your company retirement plan for an extended period, there is a good chance that you have seen some growth in that stock. The technical term for this is Net Unrealized Appreciation (NUA) and it is critical that you understand it. NUA is different […]
Uncertain About Markets? Get Paid to Wait with this Options Strategy (CSEPs)
What You Need to Know About Cash Secured Equity Puts (CSEPs) In an era of substantial economic uncertainty regarding inflation, geopolitical issues, and an increasingly hawkish Fed, more and more investors are feeling uneasy about the markets. Whether you have been investing for years, or maybe you have cash on the sidelines, the days of […]
How to Make The Most Of Your Health Savings Account
Use Your HSA to Boost Your Savings and Build Your Wealth If you have a Health Savings Account (HSA) you probably already know how awesome of a tool they can be. The triple tax-advantaged benefit that comes with them makes them a powerful mechanism to accumulate wealth and reduce taxes. In this article, we’ll go […]
Generating Income on a Concentrated Company Stock Position
Reduce Your Concentrated Company Stock Position and Build Wealth An increasingly popular way companies are compensating their employees to retain top talent is through equity compensation like Restricted Stock Units (RSUs) or Stock Options. Although we do not necessarily recommend allowing your equity-based compensation to consume the majority or a significant portion of your wealth, […]
A Capital Gains Exclusion, Section 1202, Could Save You Millions
Find Out If You Qualify for This Capital Gains Exclusion If you have Qualified Small Business Stock (QSBS) and were a founder, early employee, or early investor at a startup or small business, you could potentially be eligible for a little-known, but major tax benefit when selling your stock. The Section 1202 exclusion, allows you […]