by DeanBFS | Jun 14, 2021 | Uncategorized
Using shares of appreciated stock, instead of cash, when making a donation to charity or a gift to friends or family can help reduce taxes paid. (Please see important disclosures at the end of this post) First let us look at donating appreciated shares of stock to a...
by DeanBFS | Jan 16, 2021 | Uncategorized
The Mega Backdoor Roth IRA Strategy is a way for an individual to contribute large amounts of money into a Roth IRA by utilizing the “After Tax Contribution” bucket in their employer 401(k) plan. For most people, the maximum annual amount they can contribute to a Roth...
by DeanBFS | Jan 15, 2021 | Uncategorized
Backdoor Roth IRA Strategy: High income earners are generally ineligible to contribute directly to Roth IRAs, but this IRS-approved strategy allows even those who have income above the limits to fund Roth accounts annually. Basic steps include: Open a Traditional...
by DeanBFS | Jan 11, 2021 | Uncategorized
A 529 Education Savings Plan account is a tax-advantaged account that is opened to help save for educational expenses of a specific named beneficiary. The account owner is typically a parent or grandparent, but can be anyone, including non-relatives. The account owner...
by DeanBFS | Jan 8, 2021 | Uncategorized
Bainbridge 2021 Market Preview: US GDP should recover to all-time highs by the 2nd half of the year. Global economic recovery will lag the US. The US Dollar will stay weak. Interest rates will stay lower, for longer. Corporate earnings (S&P 500) could recover to...
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