Active Versus Passive Income Taxation: Your Quick & Easy Guide
Welcome to our comprehensive guide on active versus passive income taxation. If you’re striving for robust tax planning, understanding the distinction between active and passive income is essential. Whether you’re a novice in the tax world or an experienced investor, this guide will clarify these complex concepts and ensure you’re primed for the most favorable […]
A Beginner’s Guide to Rental Property Depreciation
Rental property depreciation is a vital element of real estate investing that can potentially offer significant tax savings. Understanding this concept could be instrumental in effective wealth accumulation using real estate. This article will demystify depreciation, explore the cash and non-cash expenses associated with rental property, and delve into the significant tax implications it could […]
What Is Tax Loss Harvesting: Boost Your After-Tax Returns
In the world of investing, an often-overlooked aspect that can significantly enhance your after-tax portfolio returns and reduce taxable income is tax loss harvesting. This strategy can help boost your returns while offering several tax benefits, which can often seem invisible on your brokerage accounts but are felt significantly when filing your tax return. What […]
‘Cash is the cool kid on the block’: High-yield savings accounts, Treasury bills, money market funds, and CDs — here’s where your cash can earn up to 4.5%
John Boyd quoted on Market Watch, Barron’s and Morningstar The article highlights various investment options for cash that can earn up to 4.5% interest. High-yield savings accounts, Treasury bills, money market funds, and CDs are all popular options for those who want to earn a return on their cash without taking on significant risk. John […]
Inherited IRA for Non-Spouses
Rules and Tax Ramifications for a Non-Spouse Inherited IRA Beneficiary The regulations surrounding the inherited IRA for non-spouses can be tricky, especially with the new rules that were implemented as of January 1, 2020. If you are reading this and you inherited an IRA before this date, the old rules apply. For today’s article, we […]
Inheriting an IRA from Your Spouse
Understand the Rules and Tax Ramifications for You as a Beneficiary Inherited IRA rules for spousal beneficiaries can be overwhelming. There are various avenues you can take with different tax ramifications. To make matters worse, the decision on which path you take comes most likely during an incredibly difficult time of loss in your life. […]
Should I Pay Off My Mortgage or Invest?
At MDRN Wealth, We Can Help You Make This Critical Decision with Your Best Interests in Mind One of the biggest dilemmas that we see clients encounter at some point in their lives is whether they should pay off their mortgage, pay cash for their home, or invest the difference. For many clients, with our […]
What Do I Do With My Old 401(k)?
Know Your Options When You’ve Left an Employer-Sponsored Retirement Plan If you have recently left your job – or you have left a job in the past – there’s a strong possibility that you have an old 401(k) or another employer-sponsored retirement plan that you need to make some decisions about. Believe it or not, […]
Will vs. Living Trust
Understand the Key Features of Each of These Estate Planning Tools Perhaps the most-asked question in the realm of estate planning is this: Should I establish a will or a trust? The answer to this question can be complex and will vary based on your circumstances. However, in this article, we will hit on some […]
Restricted Stock Units (RSUs): What You Should Know
Learn How to Make this Employee Benefit Work for You Restricted Stock Units (RSUs) are a common form of equity-based compensation. They can be a great way for companies to make their employees feel more included and to increase retention. If you have RSUs or are considering taking a job with RSUs in the compensation […]