Bonus Depreciation Explained – What Business Owners Need to Know
In our latest video, we break down one of the big changes from the One Big Beautiful Bill: bonus depreciation. Assets purchased after January 2025 are eligible for 100% bonus depreciation Great news for businesses buying equipment or machinery A major shift from the TCJA phase-out schedule But here’s the key takeaway: don’t let […]
SALT Deduction Changes Under the One Big Beautiful Bill (OBBBA)
Starting in 2025, the state and local tax (SALT) deduction cap rises from $10,000 to $40,000 for married couples. This is a big deal for families in high-tax states like New York, California, and New Jersey. Here’s what to know: – Deduction cap increases 1% annually until 2029, then reverts back in 2030 – […]
Do Government Shutdowns Hurt the Stock Market?
Government shutdowns make big headlines. But what do they really mean for your investments? History shows the impact is usually limited. – In the 1995–96 shutdown, the S&P 500 rose about 1.3% – In 2013, it gained roughly 3% – Even during the record 35-day shutdown in 2018–19, markets recovered and ended higher Why? […]
Flexible Spending Accounts: Turning Everyday Expenses Into Tax Savings
When it comes to employee benefits, few are as practical—and as underused—as the Flexible Spending Account (FSA). FSAs let you pay for everyday healthcare and childcare costs with pre-tax dollars, reducing your taxable income and helping you keep more of what you earn. For many households, they’re one of the simplest ways to save […]
Smart IRA & 401(k) Moves – Creating Tax-Free Retirement Money
High earners often think Roth IRAs are off-limits – but that’s not the case. Two strategies can still get money into Roth accounts: ✅ The Backdoor Roth – contribute to a Traditional IRA, then move it into a Roth IRA. ✅ The Mega-Backdoor Roth – make after-tax contributions in a 401(k), then roll them […]
Interest Rates Are Falling – Here’s What to Consider
After several years of rising rates, we’re finally seeing the cycle turn. A lower-rate environment can create both opportunity and risk, depending on how you prepare. In this week’s video, Fan shares three smart moves to think about as interest rates decline: 1) Run the numbers on refinancing — lower rates could mean lower payments […]
Turning College Savings Into Retirement Savings – 529 to Roth IRA Transfers
What happens if your child doesn’t use all of their 529 college savings? The SECURE 2.0 Act provides a powerful answer: up to $35,000 per beneficiary can be rolled tax-free from a 529 into a Roth IRA, if the rules are met. ✅ The 529 must be open at least 15 years✅ Only contributions older […]
Health Savings Accounts: The Triple-Tax Advantage You Shouldn’t Overlook
When it comes to tax-efficient savings tools, few accounts rival the Health Savings Account (HSA). Originally created to help people cover healthcare costs, HSAs have quietly become one of the most flexible and powerful vehicles for building long-term wealth. What Makes an HSA Unique An HSA is available to anyone enrolled in a qualifying High-Deductible […]
Tax Planning for Taxable Accounts: Understanding How Your Investments Are Taxed
When it comes to managing wealth, one of the biggest opportunities for improving returns isn’t just what you invest in—but where you hold those investments. Understanding the taxation of taxable (or “non-qualified”) accounts helps you keep more of what you earn after taxes, making it a cornerstone of comprehensive financial planning. The Basics: Ordinary Income vs. Capital Gains Investment […]