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How to not pay capital gains tax (Opportunity Zones)

If you’re fortunate to have an imbedded capital gain, either from company stock or other investments held during the last decade bull-market, you may be aware that taxes will be owed once you sell. These are capital gains and taxed at lower rates, 0%, 15%, and 20%, depending where you end up on the ordinary income marginal tax rates. If you’re lauding to pay the tax, there are a few ways to eliminate the capital gain. Gift stock to a charity The Tax Cuts and Jobs Act (TCJA) in 2018 increased the standard deduction so significantly that small donations to charities are less likely to have an impact on your taxes. Gifting appreciated stock to a Donor Advised Fund can help you remove the gain,

Flex Spending Account vs Health Savings Account

It’s that time of year you can elect your benefits through work. Your employer may offer a Health Savings Account (HSA) and/or a Flexible Spending Account (FSA). Here are some differences and how to use both. Flexible spending accounts, if offered, are available for all employees regardless of the health insurance plan that you have. It's a “use it or lose it” account, meaning that you have to spend down your contributions usually before the end of the year or few months thereafter. The maximum FSA contributions that you can elect to make is projected to be $2,700 in 2019^1. Any amounts above $500 that have not been spent on qualified medical expenses can get delivered to the employer. Your

Market analysis: the wake of rising rates

Global markets sold off last week, effectively erasing gains so far this year. This comes in the wake of increasing U.S. Reserve rates, to 2.25% from 1.25% a year ago. It’s not all doom and gloom, however, as increasing interest rates represent strong economic growth, as the U.S. economy needs less stimulus to survive. Also, technically speaking, there’s continued strength among domestic stocks (see below). 10 years ago, amidst the 2008 financial crisis, the Federal Reserve injected enormous amounts of money into the economy. A method used to stimulate growth was by lowering the Reserve rate. They lowered them to effectively zero. By raising them, for the first time to such a degree, this re

Preparing for open enrollment

It's almost that time of year when you can opt-in for for benefits through the Affordable Health Care Act or for group benefits through your workplace. This includes making changes to your health insurance, life, or disability insurances. Here are some pointers to keep in mind as you make those changes. Health insurance If through Covered California or the Affordable Care Act changes are available Oct. 15, 2018, to Jan. 15, 2019. If you decide not to make any changes, keep yourself informed as changes may be forced upon you by the insurance company. When selecting coverage, you may have a few different plan options. If you're healthy and generally don't need medical attention throughout the

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How to not pay capital gains tax (Opportunity Zones)

Flex Spending Account vs Health Savings Account

Market analysis: the wake of rising rates

Preparing for open enrollment