Articles about tax
Within the last 2 months, I made the initial painful decision to write 2 six figure $ checks to pay off my second mortgages I had both in my primary and secondary residences. You see.about 10 years ago, I fell into the lovely lull that sounded like this."you should take out as much mortgage as you can so you can really leverage your money. Anyways, the interest is tax deductible."
Having accomplished a lot of financial planning for Silicon Valley executives in Palo Alto and San Jose, the concept of Net Unrealized Appreciation became a topic of importance for those who hold a lot of company stock. Oftentimes, significant value of company stock are held in qualified retirement plans such as 401k. Failing to understand your options for your stock can result in excess taxes that could have been avoided. So what is Net Unrealized Appreciation, or NUA, and what are the most important aspects of this that should be understood?
Saving and investing your hard earned money can be a great way to safeguard your financial future. The key to investing successfully is to establish a repeatable process and turning this into a habit. You don't build Rome in a day and it is the same for the principle of building wealth. Investing successfully requires a step by step approach, slowly and surely building your financial peace and security. Let's take a look at these steps.