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Restricted Stock Units (RSUs) gained popularity as a form of employee compensation in the late 1990s and early 2000s. The use of RSUs increased as companies sought new ways to attract and retain talent, especially in the technology and startup sectors. RSUs better align the interests of employees with those of shareholders, as employees receive the benefits of stock ownership without having to make an upfront investment. Over time, RSUs have become a common, and in some cases

Second-to-die life insurance can be a valuable tool for married couples planning for their financial legacy. The death benefit is paid out upon the death of the second insured person. This type of insurance can be used in estate planning to help offset tax ramifications for inherited IRAs, especially considering recent changes to how inherited IRAs are treated under the SECURE Act, passed in December 2019. Here’s how a second-to-die life insurance policy can help mitigate the

Systematic tax loss harvesting is a strategy that ShoreHaven Wealth Partners has implemented throughout our taxable investment accounts. There was no better year to implement this than 2022, as tax savings benefits hit an all-time high for clients on the 55ip Platform1. With that said, explaining what you should know about the potential benefits you may receive from implementing this strategy was essential. First, let us explain what tax loss harvesting is. It is an investmen

In 2010, the Roth IRA conversion law changed. Before 2010, there was an income limit on Roth conversions. If your income exceeded $100,000, you could not convert to a Roth IRA. The law was repealed permanently in 2010, enabling higher-earning individuals to convert to a Roth IRA. The chief advantage of a Roth IRA is the more flexible rules concerning distribution. For example, contributions to a Roth IRA can be withdrawn at any time without penalty. Additionally, earnings in

Anyone who has amassed assets or savings during their lifetime has an estate. While discussing the inevitable passing of a loved one can be a very sensitive and uncomfortable conversation, it is critically important to plan for how and when you want your hard-earned assets distributed. In order to make sure this happens; we recommend having the following Essential Estate Planning Documents: Living Will (Advance Healthcare Directive) Power of Attorney Last Will and Testament G