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Tax Planning for the Soon-to-Be Retiree
Retirees can maximize their retirement wealth by implementing tax-efficient strategies such as Roth conversions, realizing gains in the 0% bracket, and withdrawing pre-tax funds in the 10 and 12% brackets.
Ask Bedel
Welcome to #AskBedel, a weekly personal-wealth Q&A where you can ask financial planning and investment experts for advice. Each week we’ll be answering your personal finance questions, so be sure to submit your questions to Bedel@BedelFinancial.com.
Riding the (Weight Loss) Wave: Balancing FOMO with Prudent Risk Management
Eli Lilly's future holds immense potential, but a balanced perspective is crucial. While Mounjaro/Zepbound's success and potential Medicare coverage are exciting developments, the impact of price negotiations, administrative hurdles, and overall effectiveness requires careful consideration.
1st Quarter Market Update
While we may not be able to rely on a 10%-per-quarter pace from equities, there is still much to celebrate in how far we've come from peak inflation in 2022 and the economy's strength in early 2024.
Table Those Capital Gains – 1031 Exchanges
To qualify for a 1031 exchange, a few characteristics must be met. First, the property that you are selling (known as the relinquished property) and the property that you are purchasing (known as the replacement property) must be what the IRS deems “like-kind.”
How Easy is it to Buy a House in 2024?
When factoring in mortgage rates, the story does not look better. Mortgage rates have increased from 2.79% to 6.5%, with rates peaking in October 2023 at 7.7%. While this does not impact the down payment needed for a home, it greatly affects the monthly payment.
Retiring with Employer Stock in your 401(k)? Consider this…
As hiring and retaining talented employees becomes increasingly competitive, it is not uncommon to see employers issue stock to their employees as an incentive. Due to this growing trend, it is also common to see individuals with a high concentration of employer stock within their sponsored retirement accounts.
Choices for Investing Cash
Treasury bonds might be a good fit if you prioritize safety and are comfortable with limited liquidity. However, if immediate access to your money is crucial, a money market fund might be preferable.
Factors in Predicting Fed Rate Hikes
While Federal Reserve rate hike predictions are essential for navigating financial markets, their historical accuracy is subject to various factors and limitations.
Understanding the Kiddie Tax: How it Works and What Parents Need to Know
The Kiddie Tax applies to children under 19 years old and full-time students under 24 who don't support themselves financially. The tax is assessed on unearned income received by children who meet previously noted age requirements.
Bitcoin ETFs: Do They Have a Place in Your Portfolio?
It's important to note that a handful of Bitcoin ETFs were trading before the SEC's decision. However, those funds utilized Bitcoin futures contracts rather than Bitcoin itself.
HSA Contributions for Adult Children on Your Health Plan
Many understand the tax advantages of employing a health savings account for themselves or their family, but few know how it can be used for an adult child. Check the rules to see if your adult child can open their own HSA.