This blog assumes you know what cryptocurrency is. The Biden Cryptocurrency EO serves as a high-level homework assignment to the other branches of government. Basically, it highlighted what’s been happening in this area in the past few years: Digital assets are skyrocketing in terms of market cap (going from $14 Billion in 2016 to $3 …
Jill's Journal
Donor Advised Funds
The Donor Advised Fund (DAF) has increased charitable giving over recent years. DAFs are not new; apparently, they have been around since the 1930s, and grew more popular in the 1990s. DAFs allow you to make charitable contributions to a fund you set-up with a public charity, then recommend grants from that fund over time. …
Financial Gift Guide
This is a blog about money and therefore all of the gifts that I’m suggesting are money-related as well. Ok, Jill’s Journal readers, I have scoured the Internet for gift suggestions that have to deal with our favorite topic, money. These are for people who want to learn about money, like money, or want a …
Tax Loss Harvesting
Want to impress your friends with knowledge of reducing your taxes using investment sales? I’m going to teach you. We all know the adage, “buy low, sell high.” Well, sometimes your investments don’t turn out the way you want them to, and you may want to consider selling low. Tax loss harvesting is when you …
Year End Deadlines
The end of the year is an important milestone for taxes and financial matters. Here are some important deadlines to keep in mind: Benefit “Open Enrollment” periods – Workplace November 1, 2021 – January 31, 2022 Last day to enroll in new health insurance plan on healthcare.gov January 15, 2022 Tax loss harvesting (more about …
Employee Stock Options, Part 2 of 2
Last week, I discussed what a stock option was and how there are two different kinds. When an employer gives you/grants you options, it is not considered a taxable event. It’s only when you DO something with the options that you have to pay attention and figure out if it is taxable or not. There …
Employee Stock Options, Part 1 of 2
What the heck is an employee stock option? Publicly traded companies may offer employees stock options as a form of incentive compensation. These options give you the right to purchase company stock at a specific price. There’s a lot of jargon to share when it comes to employee stock options. The initial price, when you …
What is Disability Insurance and Why Should You Have It?
Continuing with open enrollment month for your workplace benefits, let’s talk about disability insurance. Many people think about life insurance, especially if they have kids, but not everyone thinks about disability insurance, even though your chances of becoming disabled are greater than dying. According to a report published by the Social Security Administration in August …
What is Disability Insurance and Why Should You Have It?Read More
FSA’s & HSA’s
In my last blog, I talked about health care open enrollment. A few of the options that many employers offer for benefits are Flexible Spending Accounts (FSA) or Health Savings Accounts (HSA). Are you familiar with FSAs/HSAs and how they are used? If not, read on for more information. FSA’s An FSA is an account …
What Exactly is Open Enrollment?
If you work for someone else, there’s a good chance that you are, or soon will be, in the midst of Open Enrollment season for your benefit choices. This is the period when your employer allows you to adjust or newly enroll in your employee benefits, like health insurance. It’s important to pay attention during …