Capital Gains & Your Taxes: A Brief (But Important!) Guide
Classic investments, like stocks, are not the only investments taxed by capital gains. Capital gains taxes can apply to any other property that acquires value over time. These taxes are calculated by subtracting the cost of the investment from the final selling price of said investment. This final amount is reported as capital gains. But, […]
You’re a High-Level Executive With Stock Options: A Guide to Understanding the Complexities of Equity Compensation
Equity compensation is an alternative compensation strategy designed to provide employees with investment opportunities through company-based stock options. Over the years, this strategy has become more popular. In fact, according to Harvard Law School, roughly 58 percent of CEO compensation is a mix of equity and cash as of 2019.1 An equity compensation strategy is […]
On Feb. 22, Changes to The Paycheck Protection Were Announced. Here’s a Quick Summary For Small Business Owners
On Monday, Feb. 22, the Biden Administration announced several changes to the popular Paycheck Protection Program (PPP) – some of which went into effect as of Feb. 24. According to a White House press release, these changes are intended to further target “the smallest businesses and those that have been left behind in previous relief […]
62, 70 or Somewhere In Between? It’s Time to Answer the Question Once and For All: When Should I Claim Social Security?
Deciding when to begin claiming your Social Security benefits will depend on several factors, such as your personal health and financial standings. It’s true that waiting to access benefits will increase your monthly payments down the road. But, full access will depend on your birth date and some may need to access benefits sooner. To […]
A Third Round of Stimulus Checks Are Coming for Americans: The Rundown
One year into the pandemic, individuals everywhere are experiencing emotional, physical and economical implications. In an effort to ease the pandemic’s detrimental effects, the federal government has recently passed a third stimulus package called the American Rescue Plan Act. Eligible individuals and families will receive stimulus checks up to $1,400 per person. As a reminder, […]
COVID-19 & Tax Season: The IRS Has Extended The 2021 Tax Filing Deadline
One year into the pandemic, Americans are continuing to strike a balance between staying safe and handling their day-to-day responsibilities. One major challenge we all face this time of year (pandemic or no pandemic) is filing our taxes on time. On March 17, less than one month until Tax Day, the IRS announced an extension […]
Should You Be Utilizing Donor-Advised Funds in 2021? These 4 Tax Benefits May Help Make Up Your Mind
Donor-advised funds, or DAFs, allow families and individuals to make tax-advantaged donations to charitable organizations. Similar to other investment accounts, a DAF allows donors to contribute assets to be donated to charitable organizations. The IRS requires such funds to be operated by 501(c)(3) organizations, or what the IRS deems “sponsoring organizations.”1 Below we’re breaking down […]
The American Jobs Plan Has Been Announced. Could You Be Impacted?
On March 31, the Biden administration announced their proposal for a $2.2 trillion infrastructure bill called the American Jobs Plan. According to the official fact sheet, the American Jobs Plan aims to “create millions of good jobs, rebuild our country’s infrastructure, and position the United States to out-compete China.”1 This historic bill offers an expansive […]
Understanding Inflation in 2021: What Investors Need to Know
Following a year of economic instability, it appears that many of us are turning our attention to something that’s been around for decades, but has recently piqued national interest – inflation. In fact, a recent study found that people are Googling the word “inflation” at a rapid rate, with a peak not seen since 2008.1 […]
The ABCs of Medicare: What Recent Retirees Need to Know About Their Coverage Options
Whether you’ve officially retired or are still working full time, it’s possible your health insurance options are changing. Depending on your age or health status, you may soon be qualified for Medicare. While you’ve likely heard of it before, we’re breaking down what exactly it is, who Medicare benefits and what each Medicare part covers. […]
