The Motley Fool

JULY 1, 2024

This article is intended for educational purposes only and is not legal advice. And if you're thinking that a living trust could serve as a tax shelter of sorts for your family, think again. So before you consult an attorney to discuss a living trust, sit down with a financial advisor and see what they say.

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The Motley Fool

MARCH 31, 2024

This article is intended for educational purposes only and is not legal advice. To be sure, consult a qualified tax attorney. Proceed with consideration and consultation While a living trust has many advantages for estate planning, it must be adopted with careful thought and examination.

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The Motley Fool

AUGUST 5, 2023

It's especially important to consult an expert in estate and retirement planning once you add in direct gifting and your own retirement and senior living plans. Invest in their education An education may well be the greatest gift you can give. Your children and grandchildren will see your values in action.)

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Walkner Condon Financial Advisors

MARCH 16, 2023

As we are now within 30 days of the April 18 tax filing deadline (April 15 falls on a weekend and April 17 is a federal holiday), it is important to begin organizing your documents and creating a plan to file your taxes, if you have not done so already. Filing Late One of the most common mistakes is filing your tax return late.

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The Motley Fool

FEBRUARY 25, 2024

It doesn't include the income taxes these workers will have to pay on their withdrawals. Or you can convert your tax-deferred savings from a traditional 401(k) into a Roth IRA. But to do this, you must pay taxes on the converted sum in the year you make it. billion in 2023 alone. And that's just the penalties.

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The Motley Fool

JULY 2, 2023

A 529 plan offers the benefit of tax-free investment gains, whereas with a regular brokerage account , investment gains are subject to taxes. You can also take tax-free 529 plan withdrawals to pay for education. When penalties apply There's no tax break to be had on the money you put into a 529 plan.

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The Motley Fool

SEPTEMBER 28, 2023

Will people trying to file their tax returns before the mid-October extension deadline encounter any issues? Department of Education will be furloughed in the event of a federal government shutdown. The Department of Education isn't really involved in the day-to-day processing of payments.

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The Motley Fool

JULY 26, 2023

The National Center for Education Statistics notes that there were 2 million high school dropouts aged 16 to 24 in the U.S. According to data from the Education Data Initiative, roughly a quarter of full-time first-year college students drop out of college -- and among part-time first-year college students, more than half do.

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Fortune Financial

JULY 28, 2022

When you transfer most assets to a taxable account, there will be income tax, but with company stock, you can take advantage of net unrealized appreciation (NUA). . However, the tax deferral benefit comes at a cost tradeoff. Almost every dollar distributed from a pretax retirement account will be taxed at ordinary income tax rates.

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The Motley Fool

SEPTEMBER 3, 2024

Image source: Getty Images One great perk of owning a small business, especially if you're a freelancer, consultant, e-commerce website owner, or any other business that can be run remotely, is that you can work from anywhere. The Netherlands and Norway both score highly for excellent healthcare, education, and social services.

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The Motley Fool

FEBRUARY 29, 2024

Normally, the IRS charges you a 10% penalty for every withdrawal you make before age 59 1/2, unless it's for a qualifying reason, like a large medical or higher education expense. You can withdraw Roth IRA contributions penalty-free at any age You fund Roth IRAs with after-tax dollars, since you pay taxes on your contributions.

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The Motley Fool

JUNE 14, 2024

A Roth IRA is a tax-advantaged retirement account that allows your investments to grow tax-free, and qualified withdrawals in retirement are also tax-free. As long as you're earning income, you can continue to contribute and let your investments compound tax-free. Educate yourself. Keep a budget.

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Private Equity Insights

SEPTEMBER 14, 2023

The firm’s advisors serve affluent individuals and families, foundations, and business entities, through fee-based financial planning and investment portfolio management, tax consulting, retirement plan consulting, and related financial education programs.

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The Motley Fool

SEPTEMBER 4, 2023

This article is intended for educational purposes only and is not legal advice. Estate planning can also involve tax implications, the particular needs of heirs and your strategies for meeting them, and just how quickly and easily assets can be transferred. For guidance on your personal situation, please contact a lawyer.

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Walkner Condon Financial Advisors

APRIL 27, 2023

When an employee is granted stock options, they are not immediately taxed on the value of those options. If the employee holds onto the stock after exercising the options, any future appreciation in the stock’s value will be subject to capital gains tax when the stock is eventually sold.

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The Motley Fool

AUGUST 14, 2023

Plus, Motley Fool personal finance expert Robert Brokamp and Megan Brinsfield from Motley Fool Wealth Management discuss common tax myths for digital nomads. Let's say Bill that they've brought you on as a highly paid consultants to give a PowerPoint presentation on what they should do. As of today, you can get $4.50 Bill Mann: Yes.

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Fortune Financial

JULY 5, 2022

One major thing to consider when doing so is the tax bill that may come along with it. The good news is you may be able to take advantage of a little-known tax break called net unrealized appreciation (NUA) — if you qualify. . What Is NUA? You originally paid $10 per share but they are now valued at $50 per share. Reaching age 59 -1/2.

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The Motley Fool

SEPTEMBER 5, 2023

They can also help you avoid tax hassles and legal battles. Reduce taxes on your estate? Irrevocable trusts can protect your assets from creditors, lawsuits, and estate taxes. This type of trust can pay for expenses that are not covered by government programs, such as therapy, education, or recreation.

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The Motley Fool

SEPTEMBER 24, 2023

If you have disposable income and have an eligible retirement plan, use a mega backdoor Roth IRA to save a significant amount of tax-free money for your retirement. If you're eligible, consider contributing as much as possible to your 401(k), IRA , or other retirement accounts. Four years out Here are your next steps with four years to go.

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Fortune Financial

APRIL 11, 2024

Consult with a Fortune Financial advisor for personalized advice on maximizing the growth of your recovered funds. Tax-Efficient Management of 401(k) and ESOP After Employer Separation Efficient tax management of 401(k) and ESOP holdings post-employment is critical to help secure a financially stable retirement.

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Walkner Condon Financial Advisors

MAY 9, 2024

You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Read more on what impact this will have on financial services and Clint’s comments HERE.

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The Motley Fool

FEBRUARY 9, 2024

Shared expenses include everything from the rent and grocery bills to major long-term purchases, like a home or higher education. For example, if neither of you is confident about filing your own taxes , you may want to consult a tax professional. How do you envision managing shared expenses?

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Fortune Financial

SEPTEMBER 25, 2023

Whether planning for retirement, saving for your children’s education or simply looking to grow your investments, finding the right wealth management services in Kansas City can make all the difference. Similarly, if you’re saving for your child’s education, you must understand the projected cost and timeline.

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Fortune Financial

SEPTEMBER 25, 2023

Whether planning for retirement, saving for your children’s education or simply looking to grow your investments, finding the right wealth management services in Kansas City can make all the difference. Similarly, if you’re saving for your child’s education, you must understand the projected cost and timeline.

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Fortune Financial

JANUARY 11, 2024

Additionally, this strategy offers tangible benefits to the company, including enhanced productivity, a stronger employer brand and potential financial incentives like tax benefits. One critical aspect often overlooked in benefits management is the necessity of educating employees about the benefits available to them.

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Fortune Financial

FEBRUARY 4, 2024

Will you end up paying too much in ordinary income taxes for company stock in your 401(k) plan? Whether your objectives include paying off a mortgage, funding a college education or preparing for significant family events, understanding and utilizing NUA can greatly enhance your financial strategy, providing immediate and long-term benefits.

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Sara Grillo

AUGUST 26, 2024

I am an hourly consultant for those who just need one-time or recurring guidance People hire me as a ghostwriter to write content for a project fee I have a social media training program I have a book about what to say on LinkedIn messenger Just letting ya know, in case you need me at some point.

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Ballast Advisors

AUGUST 16, 2023

An HSA is a tax-advantaged account that enables you to save money to cover health-care and medical costs that your insurance doesn’t pay. The funds contributed are made with pre-tax dollars if you contribute via payroll deduction or are tax deductible if you make them yourself using after-tax dollars.

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Walkner Condon Financial Advisors

FEBRUARY 21, 2023

You also may be able to make after-tax contributions into your 401k as well to get up to the limit. While they are not tax deductible, the gains in the account will be tax deferred. You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions.

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Walkner Condon Financial Advisors

SEPTEMBER 2, 2022

And while ABLE accounts can be a bit more complex for Wisconsin residents, they offer significant tax benefits for individuals with disabilities and their families. The money in the account grows tax-deferred and income from the account is tax-free when used for qualified expenses. It b ecame law on Dec. SSI, SSDI, Medicaid).

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The Motley Fool

AUGUST 22, 2024

Since the large-scale launch of this service in April, its daily usage has surged over 15-fold to more than 2 million times per day, helping locals handle tasks such as household registrations, social security inquiries, and tax declarations. Income tax expenses was RMB 1.1 We're educating the market and making AI accessible or key.

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The Motley Fool

FEBRUARY 15, 2024

While this trend continues, and in some cases to our benefit, we are seeing encouraging signals of a general rebound for build-based solutions and for traditionally strong Continuum capabilities in advanced tech, data experience, consulting, and AI. Our GAAP effective tax rate for the quarter came in at 23.4% year over year or 7.7%

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Indigo Marketing Agency

AUGUST 23, 2023

Even I, a millennial, find myself seeking guidance from advisors for: Retirement planning Tax strategies Life insurance Real estate College funds for children Long-term care plans Estate arrangements Given their life stage, millennials require assistance with various financial planning aspects.

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Fortune Financial

DECEMBER 23, 2022

Tax benefits and owner retirement savings options also make establishing a 401(k) plan a smart choice for employers. The biggest difference between the two is how they are taxed. In short, traditional 401(k) employee contributions are pre-tax, reducing taxable income in the contribution year.

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Indigo Marketing Agency

JANUARY 24, 2024

Taylor Schulte Reason to Follow: Leader in advisor education through the AGC™ platform Taylor Schulte is a CFP® professional, speaker, and founder and CEO of Define Financial. He is passionate about educating people about investing and financial planning, having been featured in The Wall Street Journal, Forbes, CNBC, and The New York Times.

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Walkner Condon Financial Advisors

APRIL 26, 2024

You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions. This material is intended for educational purposes only. He is a Client Service Specialist who works with clients locally in Madison and around the country.

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The Motley Fool

MARCH 17, 2024

While that number may seem mind-boggling, there are a few tax credits that can provide relief for parents. A tax credit provides a dollar-for-dollar reduction in how much you owe. If the tax credit is refundable, it can help you get money back when you file your return.

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