#tax-implications
#tax-implications

Digital life

Opinion | The Retirement Maneuver More People Should Be Making

Rothification can improve long-term financial health despite upfront tax costs.

Converting to a Roth IRA is advantageous for those expecting higher tax brackets in retirement.

Retirement

My aunt's estate is giving me $100K - how can I make this money last a lifetime?

A small inheritance can contribute positively to retirement savings if managed wisely.

Business

I have a large 401k balance and when I retire I want to take the entire balance and pay taxes on it - is this a smart idea?

The main decision in retirement is whether to withdraw retirement funds in a lump sum or gradually for financial management.

Miscellaneous

Qualified vs Non-Qualified Annuities: The Key Differences to Know

Understanding the differences between qualified and non-qualified annuities is essential for retirees to make informed decisions regarding their post-retirement income.

2 weeks ago

Retirement

3 Harsh Social Security Truths You Need to Know

Social Security should not be the only source of retirement income.

Business

I'm in my 20s and make $100k a year - is it better to stash money in a Roth 401(k) r over a Traditional 401(k)

Choosing between a Roth 401(k) and a Traditional 401(k) requires careful consideration of tax implications and personal financial goals.

fromwww.nytimes.com

Digital life

Opinion | The Retirement Maneuver More People Should Be Making

Rothification can improve long-term financial health despite upfront tax costs.

Converting to a Roth IRA is advantageous for those expecting higher tax brackets in retirement.

Retirement

My aunt's estate is giving me $100K - how can I make this money last a lifetime?

A small inheritance can contribute positively to retirement savings if managed wisely.

Business

I have a large 401k balance and when I retire I want to take the entire balance and pay taxes on it - is this a smart idea?

The main decision in retirement is whether to withdraw retirement funds in a lump sum or gradually for financial management.

Miscellaneous

Qualified vs Non-Qualified Annuities: The Key Differences to Know

Understanding the differences between qualified and non-qualified annuities is essential for retirees to make informed decisions regarding their post-retirement income.

more#retirement-planning

#home-office-deduction

Remote teams

fromCNET

Work From Home? Read This Before Claiming the Home Office Tax Deduction

Remote workers often cannot claim the home office deduction due to IRS classification rules.

fromSFGATE

SF real estate

HOA Fees Can Be Tax-Deductible: Expert Explains What You Can Claim Back

HOA fees can be tax deductible if part of the property is used for business, such as a home office or rental.

Understand the nuances of home office deductions to maximize tax benefits.

Remote teams

fromCNET

Work From Home? Read This Before Claiming the Home Office Tax Deduction

Remote workers often cannot claim the home office deduction due to IRS classification rules.

fromSFGATE

more#home-office-deduction

SF real estate

HOA Fees Can Be Tax-Deductible: Expert Explains What You Can Claim Back

HOA fees can be tax deductible if part of the property is used for business, such as a home office or rental.

Understand the nuances of home office deductions to maximize tax benefits.

Terms of stock options

Understand the implications of stock option terms before blindly following US market standards, especially for European startups.

fromFast Company

Miscellaneous

3 things you need to know about employee stock options

Restricted stock units and performance shares often simplify compensation structures compared to stock options. Understanding stock options can significantly impact wealth for employees.

European startups

fromresund Startups

Terms of stock options

Understand the implications of stock option terms before blindly following US market standards, especially for European startups.

fromFast Company

Miscellaneous

3 things you need to know about employee stock options

Restricted stock units and performance shares often simplify compensation structures compared to stock options. Understanding stock options can significantly impact wealth for employees.

more#stock-options

Liverpool FC

fromwww.fourfourtwo.com

Steven Gerrard forced to wait for return to Rangers due to financial issues: report

Steven Gerrard's potential return to Rangers is delayed due to tax implications from his time in Saudi Arabia.

Going Back to Work After Retiring? Here's How It Affects Social Security and 401(k)s

Many retirees return to work for financial reasons or a sense of purpose, but it can impact their income sources.

Returning to work can reduce Social Security benefits and affect taxes.

Miscellaneous

My Mother-In-Law is moving in with us. Can I pay her as an "employee"?

Paying family as employees instead of simply giving them money can lead to potential fraud issues and complex tax implications.

Miscellaneous

Going Back to Work After Retiring? Here's How It Affects Social Security and 401(k)s

Many retirees return to work for financial reasons or a sense of purpose, but it can impact their income sources.

Returning to work can reduce Social Security benefits and affect taxes.

Miscellaneous

My Mother-In-Law is moving in with us. Can I pay her as an "employee"?

Paying family as employees instead of simply giving them money can lead to potential fraud issues and complex tax implications.

more#social-security

fromSFGATE

Wellness

Giving or Receiving a Down Payment Gift? Here Are the Tax Consequences

Home buyers often rely on cash gifts from family for down payments, which come with specific tax implications.

fromwww.nytimes.com

Venture

Vanguard to Pay $106 Million in Restitution to Retirement Fund Investors

Vanguard settles for $106 million after failing to disclose tax implications, impacting retail investors.

#financial-planning

Business

I already have almost $2 million saved for retirement - should I still max out my employer-offered 401k?

Choosing a primary financial goal simplifies the decision-making process for financing a home, especially when facing investment account options.

Miscellaneous

I'm planning on leaving work to go back to school - should I use these low-earnings years to convert my 401(k) to a Roth?

Timing Roth conversions strategically during lower-income years can minimize tax liabilities.

Business

I already have almost $2 million saved for retirement - should I still max out my employer-offered 401k?

Choosing a primary financial goal simplifies the decision-making process for financing a home, especially when facing investment account options.

Miscellaneous

I'm planning on leaving work to go back to school - should I use these low-earnings years to convert my 401(k) to a Roth?

Timing Roth conversions strategically during lower-income years can minimize tax liabilities.

more#financial-planning

5 months ago

Miscellaneous

I have $3m invested in stocks like Tesla and Apple and I want to diversify my portfolio, but if I sell now, I will lose money

Diversification beyond tech stocks is crucial for wealth stability, but high taxes complicate decisions for high-income earners.

5 months ago

Miscellaneous

I made a huge mistake with my 401(k) and incurred a $300k tax bill - am I totally stuck?

The OP mistakenly converted $740,000 from a 401K to a Roth IRA, leading to a $300,000 tax bill due to lack of understanding.