FLAT FEE FINANCIAL BLOGS

Explore insightful financial wisdom and expert advice on Flat Fee Financial Blogs – your key to a secure and informed financial journey

Is Tax Loss Harvesting Worth It?

This strategy can save up to $1,110 in taxes per year ($3,000 * 37%). It occurs when you have a capital loss in your investment account...

Unlocking the Power of Tax-Smart Charitable Giving: 5 Strategies to Maximize Your Impact

When it comes to giving money away, there is typically a strategy that can help you increase your impact without requiring you to give any..

Stryker's 401k Plan: 5 Key Features

Stryker’s 401k plan is held at Vanguard (good news) and has solid investment options available to its users. You have both a Roth 401k and..

Step Up In Cost Basis at Death (Spousal Strategy)

One of the largest tax savings events I have seen is when a client dies, and their assets receive a step-up in cost basis...

Gilead Sciences 401k Plan Breakdown

Gilead's 401k plan comes with a 61-page summary plan description (SPD) that details all the options and nuances that can differ between...

Common and Un-Common HSA Qualified Expenses

TRT, Massages and even gym memberships can be covered with an HSA under certain circumstances.

Tax Planning for Dentists in 2024: 17 Strategies

Tax planning is one of the best ways to receive a guaranteed return on your dollars. However, it requires good record-keeping, year-round...

Strategies from “Tax Free Wealth” By Tom Wheelwright, CPA

I recently read “Tax-Free Wealth” and thought I would write out a few favorite tax strategies that came up while reading.

When do Cash Balance Plans Make Sense?: For Dentists, Endodontists, and Orthodontists

A cash balance plan or CB plan is a defined benefit plan that allows for high ($75k - $300k) annual contributions.

Kids, 0% Tax Brackets, and Kiddie Taxes

Below, we'll discuss what kind of work kids can do, how much you can pay them, what amounts qualify for a 0% tax bracket, and nuances when c

Can A Delaware Statutory Trust (DST) Help During a 1031 Exchange?

What is a DST (Delaware Statutory Trust)? Real Estate Transition Solutions defines a DST as... "A Delaware Statutory Trust is a real...