FBAR: For Those With Foreign Accounts
Any U.S. person with a financial interest in, or signature or other authority over, any foreign financial accounts must file a Report of Foreign Bank and Financial Accounts (FBAR), subject to …
Am I saving too much in an emergency fund?
Back in 2020, when the COVID-19 pandemic first hit, many people’s emergency funds were suddenly put to the test — assuming there was a fund at all. Now, three years …
Does the SECURE Act 2.0 Law Make Retirement More Secure?
A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community …
The Pros and Cons of a Nonqualified Deferred Compensation Plan
Nonqualified deferred compensation (NQDC) plans allow participants to set aside large amounts of tax-deferred compensation while enjoying the flexibility to schedule distributions to align with their financial goals. However, the …
The Sandwich Generation Tax and Financial Planning Issues
The term “sandwich generation” was originally coined to describe baby boomers caught between caring for their aging parents and their children. These days the term applies to whichever generation is …