 There is much confusion among mutual fund investors
regarding various "share classes” that mutual fund companies create. For many mutual funds, there are more than
three share classes for each fund within a mutual fund family. In every case, a
different share class represents a different method of calculating the fees in
which mutual funds levy on investors.
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How do you track the cost basis
on investments held in your taxable portfolio?
What portfolio accounting method does your broker, custodian or advisor
report to you or your CPA? This is a
decision that, for some investors, can save thousands of dollars in taxes and
ultimately make a significant difference in the after-tax rate of return of
your portfolio.
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When will the financial storm
clouds lift? Even the most disciplined
investors are asking themselves this very question, as they continue to endure
a seemingly endless supply of bad news.
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For business owners, there are
many alternatives when it comes to establishing a retirement plan. While 401(k) plans are a common choice that
can enable contributions of up to $22,000 in 2010 (for those age 50 and over),
what about those people who would like to make more sizable tax-deferred
contributions into a retirement plan?
For these individuals, a Defined Benefit Pension Plan (DB) should
definitely be considered.
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Employee Stock Purchase Plans (ESPP) can provide both
executives and rank-in-file employees with an effective method of investing in
their company’s stock. However,
understanding the potential tax implications of this transaction is a critical
component of implementing a successful ESPP investment strategy.
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There are a number of tax and other financial planning
considerations for those who have been granted executive stock options. The following article discusses the most
common types of executive stock options and their tax implications, including
possible exposure to the alternative minimum tax (AMT).
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Most would agree that long term care insurance planning should
be an integral component of a comprehensive financial plan. Given the increasing cost of long term care
insurance, we have developed a list of alternatives that may help reduce your
cost of coverage.
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Most parents take certain steps to protect their
children in the event of their premature death.
Drafting a will or other estate documents, designating a guardian,
obtaining life insurance and naming appropriate beneficiary designations on
IRAs and 401k plans are all important components of an effective estate plan
that serve the purpose of protecting your children. However, most parents should take additional
measures to provide guidance on how their financial assets are managed for
their children’s benefit.
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