Don’t Get Blown Away by a Windfall
Receiving a sudden and sizable influx of cash may seem like a dream come true. It can be, but many people get blown away by a windfall and end up …
Don’t Rely on an Outdated Estate Planning Strategy
Because of the current estate tax exemption amount ($11.7 million in 2021), many estates no longer need to be concerned with the federal estate tax. Years ago, a much smaller …
Should an LLC hold your vacation home?
If you share a vacation home with family members, holding it in a limited liability company (LLC) is one option that offers several important benefits. Here are a few: Asset …
Consider Taxes Before Moving Out of State
With so many people working remotely these days, it’s become common to think about moving to another state — perhaps for better weather or to be closer to family. Many …
The “Hidden” Advantage of HSAs
A Health Savings Account (HSA) coupled with a high-deductible health plan can be a powerful tool for funding medical expenses on a tax-advantaged basis. For 2020, individuals with self-only coverage …