Health Savings Accounts (HSAs)
With costs skyrocketing and employees paying more and more, the advent of high-deductible health care (HDHC) plans and health savings accounts (HSAs) has become a story worth blogging about.
Advisor Reflections: Have Your Goals Changed?
Across the country, people have found themselves in changing circumstances, re-evaluating their goals and having to update their financial plans as a result of the pandemic – myself included.
The Credit Freeze
This document explains what it means to freeze your credit, details the process of doing so, and answers some frequently asked questions.
Checking Things Twice This Holiday Season
As advisors, we hear many stories about phone scams, identity theft, and cyber fraud, especially around the holidays. As we head into the final weeks of the year, we thought we would follow up with another reminder about staying alert to avoid potential scams. So, with many of us holiday shopping or needing to check online accounts as we take care of year-end to-do items, here are some important tips to remember:
The Wall Street Journal: Roth IRA Conversions: What You Need to Know
Modera’s Michael Gibney shares perspectives in this article about Roth IRA conversions. Many investors took advantage of the pandemic-induced market decline early this year to do big Roth IRA conversions. Learn how Roth IRA conversions work and who can benefit from them.
The ABCs of RSUs (Restricted Stock Units)
Do you work for an employer that granted you restricted stock units (RSUs)? This form of non-cash compensation has become increasingly popular among start-ups and Fortune 500 companies alike that are using RSUs to lure new hires and retain senior executives to create a culture of ownership. As employers continue to grant fewer stock options than in years past, the granting of RSUs is becoming more common.
Season of Gifting: Financial Support for Family Members
We have all given and received gifts throughout our lives, whether it be for the holidays, birthday, wedding, baptism, or bat mitzvah. Anywhere from $20 to $1,000, these gifts do not require reporting or significant planning.
Building Your Divorce Team
If you are considering a divorce, you are not alone. Statistics show that almost 50% of all marriages in the United States will end in divorce or separation. While divorce is becoming less common for younger adults, rates for those adults age 50 and older has roughly doubled in the past 25 years. Given these trends, the need to understand the divorce process becomes that much more important.
How COLA Can Affect Social Security Benefits
During 2020, an estimated 65 million people in the United States will receive over one trillion dollars in Social Security benefits, while the average retiree will get a monthly Social Security check of $1,514. That is a big financial help for many. Unfortunately, Social Security recipients are not seeing much of an increase in their checks these days. The Social Security Administration uses its official Cost Of Living Adjustment, or COLA, to determine how much these benefits increase each year
An Effective Business Buyout Tool: a Cash Balance Plan
Many business owners transitioning into retirement know it can be beneficial when their younger partners choose to buy them out. However, finding a way to finance the buyout can post a significant obstacle for younger partners. While most aspiring owners may think that buying into a business can only be done with cash or loans, there is another option: a Cash Balance Plan – an innovative, hybrid retirement plan that may provide buyout funding opportunities along with an exit strategy that enables all the parties to benefit.