Inherited a 401(k) From a Parent? Tax Planning for Distributions
If you’ve inherited a 401(k) from a parent, you likely have questions about your options for the account and the tax impact. Luckily, non-spouse beneficiaries
Category: Updated for 2023
How Much Money Do You Need to Retire Comfortably At 60?
How much money do you need to retire at 60? That depends entirely on how much you plan to spend in retirement. Absent a large
What is a Brokerage Account? Reasons to Use a Brokerage Account
What is a brokerage account? A brokerage account is a non-retirement investment account. Essentially, a brokerage account is the opposite of a retirement account like
Inheriting a Trust Fund: Distributions to Beneficiaries
If you’re inheriting a trust fund, you likely have questions about how the distribution payouts to beneficiaries work and the tax implications. While general information
Should You Take an Early Retirement Package? What to Look for in a Buyout Offer
Updated in 2023. Deciding whether or not to take the offer of a voluntary early retirement package or buyout from an employer is a big
Should You Use Retirement Accounts to Delay Social Security Benefits?
When your paychecks stop, you’ll have to decide where to turn for retirement income. Many individuals have several options: cash savings, IRAs and retirement accounts,
What You Need to Know About Capital Gains Tax
Updated for 2023. What is a capital gains tax? When you sell an asset like a stock or a home, your gain could be taxable.
How Are Stock Options Taxed?
How are stock options taxed? If you have stock options or equity-based compensation as a large part of your income, the tax treatment of your stock
What is a Step-up in Basis? Calculating Cost Basis of Inherited Stock or Other Assets
A step-up in basis is a tax advantage for individuals who inherit stocks or other assets, like a home. A step-up in basis could apply
Should Married Couples Use Joint or Separate Trusts?
Revocable or living trusts play an important role in many estate plans. Married couples utilizing trusts in their estate plan need to consider if it’s