If you have been watching the news about the stock markets, you have likely noticed that volatility in the markets is rearing its ugly head. We know it’s difficult to watch your account balances fluctuate and we understand the anxiety. While turbulence is unsettling, we believe it's important to … [Read more...]
Perspective on Recent Stock Market Volatility
The Power of Health Savings Accounts
Most tax benefits have symmetry. If you defer income in to a 401(k) or traditional IRA contributions are deductible and then your account distributions are taxable. Similarly, if your contributions are not deductible (i.e. a Roth IRA), your distributions are tax-free. Health Savings Accounts … [Read more...]
Compensating Yourself as Business Owner
If you work in a business you own, you may be able to increase your take-home dollars by carefully planning how you compensate yourself. If you're like most owner-employees, you want to get the most out of your company, and that often means minimizing the amount you give to taxing authorities. As … [Read more...]
Windward Passages: How the SECURE Act May Effect You
New Spending Package Includes Sweeping Retirement Plan Changes The $1.4 trillion spending package enacted on December 20, 2019, included the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which had overwhelmingly passed the House of Representatives in the spring of 2019, but … [Read more...]
Windward Passages: Help! It’s Open Enrollment
Open enrollment starts November 1 and runs through December 15th. Below, are considerations during open enrollment season. 1. Health Insurance The most common consideration during open enrollment - it's important to consider if your current health insurance plan is optimal for you and your … [Read more...]