Welcome back for part 4 of my Estate Planning Series. If you have not, make sure to check out: Those will help get you up to speed for this blog post. Now moving on to part 4. We are going to talk about some of the different charitable strategies that exist that can help you give more away to charity…
This is part 2 (of 5) of a series I am writing on estate planning. If you did not read week 1 “Intro to Estate Planning” head on over to that post first so the foundation can be laid for you. This series will take you from the basics all the way up to the advanced strategies that High Net…
I wrote a post last week on the top tax planning moves business owners can make and it blew up. It has over 430k views on twitter, drove over 10 prospects to our business, and overall added a ton of value to business owners. This then led to highly compensated W2 employees asking if I would create a similar one…
As business owners, you possess a unique advantage when it comes to taxes— you have the power to strategically plan both your personal and business taxes, leading to significant long-term impacts on your overall lifetime tax burden. While many focus solely on short term tax savings, the true essence of strategic tax planning lies in its ability to reduce your…
If you’re in a place with equity compensation, you’ve probably encountered a ton of fancy terms and lingo that can leave you scratching your head. One term that’s important but often misunderstood is the “83(b) election.” This one’s crucial, especially if you’re holding restricted stock (not to be confused with RSUs) or stock options. Not understanding this election could mean…
If you’re looking to save money on healthcare costs, you might have heard of Health Savings Accounts (HSAs). HSAs are a popular option for many people, but what exactly are they, and how can they benefit you? Oftentimes I find millennials mixing up FSA’s (flexible spending accounts) and HSA’s. FSA’s are a great option for those who want to contribute,…
This is going to be a short but powerful one this week. Whether it’s finances, health, business related, etc. one of the hardest things to fathom is that you don’t know what you don’t know. You not only have biases and blindspots that can lead to mistakes, but you also have a lack of information as well. When you don’t…
They say an athlete dies twice: once when they retire, and once when they pass away. What they mean by this quote is that athletes, who have dedicated their lives to their sport, face a difficult transition when they retire. From a young age, their focus everyday has been on training, competing, and striving for the next level. Then suddenly,…
After working with over 100 millennial households over the past 4 years: I have learned many make the same costly mistakes. One’s that you can avoid by learning! Here are the 11 most costly you need to avoid. 1) Spending More Than You Make Too many people try to live lavish life styles they can’t afford. And I am going…
I was apart of the horrible Southwest cancellations in late December. And when I say horrible, I mean horrible. We were set to fly back on the 26th from Phoenix to Milwaukee with a quick layover in Denver. We got to Phoenix and both flights were on time. We were feeling great. But things started to shift during our hour-long…