Donor-Advised Funds or DAF’s are one of the best strategies for giving to charities because it gives you flexibility and major tax advantages, so let’s talk about how to use them. Traditionally, DAF’s are one of those rich-people-tricks that can look like a tax shelter, but many people can benefit by using them in reality. […]
You need to know many tricks to maximize your retirement income, and one of those is how to avoid paying IRMAA. While IRMAA might sound like a hurricane from 2017 (close, Irma), it’s actually a financial landmine that explodes when you’re on Medicare and earn over a certain income. Let’s get into the details on […]
If your first child is on the way, there are money moves you should make to set them up for success. The USDA projects the cost of raising a child just under a quarter million for their first 17 years. If you include college costs, this amount can easily double. While this can all sound […]
Did you know it’s possible to live off tax-free capital gains from your investments if you plan it correctly? There are several tax secrets most people won’t learn about unless they love hanging out on Reddit /FIRE. I didn’t know about them while studying Finance in college, but only when we began pursuing our financial […]
There’s very little doubt in my mind that the best way to save for college is to use a 529 Plan. I recently talked to a friend about it and showed him why the wrong decision could cost him $40,000! His current financial advisor told him the 529 plan wasn’t the best way to save […]
Most of us assume if we generate a huge IRA or 401k, we won’t have anything to worry about in retirement. While that’s mostly the case, there are a few things to think about. The IRS loves when you build up a massive 401(k) or IRA because they get to tax you big time when […]
The traditional early retirement acronym, FIRE, draws many critics who accuse the adherents of turning against civilization and America to pursue their selfish self-interest instead! However, what I’ve found through my own experience and working with my clients, is that many of the FIRE pursuers aren’t as interested in the “Retire Early” part of FIRE […]
“Triple Tax-Advantaged”. That’s all you need to know about the Health Savings Account (HSA) and why you should have one today. Just kidding, “Triple Tax-Advantaged” sounds more like a minor league wrestler than something that has the potential to be one of your best investment accounts, but I’ll take you through all the nerdy details […]
One week before I quit my high-tech, high-income job at Hewlett Packard, I sat in my chair contemplating what brought me to that day. It was a path full of fortune and luck, led by great mentors that shaped my success.However, it’s only in hindsight I was able to acknowledge my incredible fortune. When I […]
If you want to know how Accenture partners or Managing Directors (MD) get rich, look no further than the Accenture Voluntary Equity Investment Program (VEIP). While the VEIP is only one part of a generous Managing Director compensation package, it’s important and you should max the contribution if you can. This is an equity program […]