by Marilou Davido | Dec 17, 2021 | Resources
Harvesting capital gains can be an important financial strategy during year-end tax planning. The tax-gain harvesting strategy applies to nonqualified (NQ) investment accounts versus a retirement account like a 401(k), IRA, or Roth IRA because income earned in a NQ...
by Marilou Davido | Dec 15, 2021 | Resources
Harvesting capital losses can be an important financial strategy during year-end tax planning. The tax-loss harvesting strategy applies to nonqualified (NQ) investment accounts versus a retirement account like a 401(k), IRA, or Roth IRA because losses realized in a NQ...
by Marilou Davido | Dec 8, 2021 | Resources
A Qualified Charitable Distribution (QCD) is a tax-free direct transfer of funds from your IRA to a qualified charitable organization other than a Donor-Advised Fund. You must be over the age of 70 1/2 at the time of the QCD transaction. QCD’s are a great way to claim...
by Marilou Davido | Nov 27, 2021 | Resources
Nonqualified Deferred Compensation Plan A Nonqualified Deferred Compensation (NQDC) Plan allows employees to defer compensation and bonus, pre-tax, to a later year, primarily retirement. Although it sounds similar to a 401(k) or 403(b) or even a Qualified...
by Marilou Davido | Nov 22, 2021 | Resources
On day 22 of benefits month, our friend Kris Fiul at FHK Insurance shares what important things you should consider when looking at Marketplace Insurance. Below are some helpful tips regarding enrollment periods, tax credits, plan, and network types, and...
by Marilou Davido | Nov 18, 2021 | Resources
According to the IRS, a Savings Incentive Match Plan for Employees (SIMPLE IRA) is ideally suited as a start-up retirement savings plan for small employers, as it allows for retirement deferral and is administratively easier than a 401(k) or...
