Donor Advised Funds (DAFs) have become an increasingly popular and valuable planning vehicle over recent years. They can be very beneficial in many circumstances, allowing you to optimize tax planning as you fulfill your philanthropic goals and support the causes that matter most to you. The … [Read more...]
Donor Advised Funds
Owning Rental Property
Many people like the idea of owning rental properties because it seems like a passive and simple way to earn extra income. Sometimes owning rental properties can be just that, but sometimes it isn’t so passive…or simple! The checklist below will help you better understand some the challenges and … [Read more...]
Business Owners or Independent Contractors
Running your own business, or working as an independent contractor, introduces unique elements that can be difficult to factor into your personal financial plan. Some of the common issues that a business owner or independent contractor should consider are included in the checklist below: Ways … [Read more...]
Backdoor Roth Contribution
Contributing to a Roth IRA can be an important component of your retirement savings plan. However, you may be unable to make a regular contribution to a Roth IRA if your income is too high. Thankfully there is a way around the Roth IRA’s income limit with a strategy known as a backdoor Roth … [Read more...]
Lump Sum Pension Options
Although increasingly rare, you may be a participant in an employer-provided pension plan, which can make up a considerable portion of your expected retirement benefits. If you are nearing retirement or are already receiving ongoing pension payments, you may have the option to choose a lump sum … [Read more...]