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. …
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This is a blog about money and therefore a financial gift guide will come in handy. Ok, readers, I have scoured the Internet for a financial gift guide to deal with our favorite topic, money. These are for people who want to learn about money, like money, or want a financial gift guide that relates …
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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 …
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Year end deadlines are important milestones for taxes and financial matters. Here are some important year end 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 this …
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Part 2 of 2 Employee Stock Options Last week, I discussed these and how there are two different kinds. When an employer gives you employee stock 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 …
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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 …
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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 …
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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 …
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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 …
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What are Gifting Limits? All this month, I’ve been talking about debt. So why is this blog talking about gifting? Well, here’s my thought train: let’s say you have some debt and your parents or your grandma or your favorite aunt gives you some money to pay it off. Just, out of the goodness of …
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