Utilizing the 529 to Roth IRA Transfer Rule

529 to Roth IRA Transfer

With the recent passage of the Secure Act 2.0 came a new strategy for those that have an overfunded 529 plan – the ability to roll 529 funds to a Roth IRA.  In this post, we will review the “Transfer of Excess 529 Funds to a Roth IRA” rule as well as the requirements that […]

What is a Backdoor Roth Contribution

Backdoor Roth Contribution

Are you looking to contribute more to your Roth IRA but find yourself limited by income thresholds? Discover the Backdoor Roth contribution strategy, a way to maximize your Roth IRA investment, regardless of your Modified Adjusted Gross Income (MAGI). In this guide, we’ll delve into the details of Backdoor Roth contributions and how to execute […]

What are Required Minimum Distributions?

Required Minimum Distributions

As you embark on your journey toward financial independence and a secure retirement, it’s crucial to understand the intricacies of various retirement account rules. One such rule that comes into play is the Required Minimum Distribution (RMD). In this guide, we’ll unravel the mystery behind RMDs, explaining what they are, who they apply to, and […]

Qualified Opportunity Zone Tax Benefits and Investment Options

Qualified Opportunity Zone

Qualified Opportunity Zones (QOZs) are an investment option, providing unique tax advantages for investors with large realized capital gains. Created as part of the Tax Cuts and Jobs Act in 2017, QOZs offer a unique way to reinvest capital gains into economically distressed communities. In this blog post, we will delve into the tax benefits […]

S Corp Wages: Paying Yourself Tax Efficiently

S Corp Wages: Paying yourself Tax Efficiently

Ways to pay yourself as an S Corp  If you have structured your business as an S Corporation (S corp) or an LLC that is taxed as an S corp you can save in self-employment taxes.  That said, it is important to be intentional when deciding how to pay yourself as an employee of your […]

Section 179 Deduction: Writing off your Company Vehicle

Section 179 Deduction: Writing off your Company Vehicle

What is the Section 179 Deduction?  The Section 179 deduction is a tax deduction made available to business owners that purchase certain types of business property.  These purchases include vehicles for business use, equipment, office furniture, supplies and other tangible items.  Even ownership in a plane can potentially qualify for the Section 179 deduction.  Using […]

What is a Restricted Stock Unit?


Restricted Stock Units (RSUs) are a form of employer stock-based compensation. Often given to executives or high performing individual contributors, these awards grant ownership in an employer based off certain conditions.  Vesting  When you are granted RSUs, there will be a vesting schedule provided by your employer that determine when the shares are officially yours. […]

The Importance of Running your Own Race


It was brisk fall morning in October in Vienna, Austria when Eliud Kipchoge toed the line on the Reichsbrucke Bridge preparing to run 26.2 miles. While the distance was that of the marathon, this was no ordinary marathon attempt.  Eliud was the only racer running and the goal was to run a marathon faster than […]

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