Net Unrealized Appreciation (NUA) is a valuable tax strategy that can offer the benefit of lower taxes and portfolio diversification for investors holding appreciated employer stock within their retirement plans. By understanding how NUA works and considering its potential impact on your overall financial plan, you can make informed decisions to optimize your tax efficiency and achieve your long-term financial goals.
There has been a lot of tinkering to retirement plan rules the last few years. Here is what you need to know about the new rules going into effect in 2024 that could impact your 401k, IRA and 529 plans.
Year-end financial planning is a crucial practice for individuals, families, and businesses alike. It provides an opportunity to take stock of your current financial situation, review your financial goals, and make strategic decisions to optimize your financial health. Read more for essential steps to consider during your year-end financial planning.
A buy-sell agreement serves as a crucial tool for managing transitions in ownership, ensuring business continuity, and protecting the interests of all parties involved.
For those over age 70 Qualified Charitable Distributions from your IRA can be a great way to give back, satisfy your required minimum distributions and reduce your taxes.
When we think of financial stress, we often associate it with individuals struggling to make ends meet or facing significant debt. However, financial stress can also affect those with a higher net worth, albeit in different ways. Here we delve into the unique challenges faced by higher net worth individuals, the impacts of financial stress on your well-being and some coping strategies.