One quality we've noticed a lot of our clients share is a great curiosity. We're often asked about what we are seeing, reading and paying attention to. So, our own Seth Corkin has started collecting the most interesting articles he's coming across to share them with you in his new blog series, "What's New(s)?". Seth [...]
Do you own mutual funds in a taxable investment account? If so, you should be aware of year-end Capital Gain Distributions. December (year-end planning season!) truly is the most wonderful time of the year (for nerdy financial planners.) Bottom line (if you don't want to watch the video): you should compare tax cost of holding [...]
The "right" time to sell an individual stock is one of the tougher financial decisions we see people struggle with. This can be especially tricky when it is your company stock and you feel more connected to it. But as these positions grow (specifically if part of your compensation is via additional stock), a single [...]
For part 3 of our series on the impact of the election on your finances, let's tackle the potential impact on estate taxes and the planning you can consider. Right now, the Federal estate exemption is as high as it’s ever been ($11.58MM per person!) with the exception of 2010 where the estate tax was [...]
This week in our continuing series on the impact of the election we tackle income taxes. If you missed last week on investments you can check it out here. Below is a chart showing the top marginal tax brackets since 1913. What stands out (beyond the fact that the top marginal tax bracket in the [...]
You are going to want to pay close attention to your paycheck over the next couple of months. If you happen to see some extra $$$ in it, don't get too excited and certainly don't spend it all too quickly. So, what is this all about? President Trump has issued an executive order allowing employers [...]
Were you surprised by your tax bill the past couple of years? It's possible that is due to changes in the way taxes are now being calculated to be withheld from your paycheck. In this Single Point of View, Seth deciphers the new W-4 form and provides some tips on how to complete it. [...]
Surprise, unemployment benefits are 100% taxable (including the additional $600 weekly benefit under the CARES Act)! Okay, you’re not surprised, because Shaun and Seth sprung that on you last week in Episode #5 of Behind the Curtain: Avoid Surprises with Unemployment Income. Unemployment benefits are taxable and as a default, most states, including Massachusetts and [...]
Over 40 million Americans have filed for unemployment during the pandemic. If that includes you, what should you be aware of to avoid any surprises? Seth and I discuss this in episode #5 of Behind the Curtain.
Our tax system is complicated. It is full of thresholds and cliffs that can cost you if you aren’t aware of them. Whether you are deciding on a Roth Conversion amount, taking Capital Gains, or exercising stock options - it is important to be doing tax planning to understand the full impact of those decisions. [...]
