Tax Planning Archives - Page 2 of 3 - Unique Financial Advisors

What to know about ROTH conversions

by Vid Ponnapalli | Nov 10, 2019 | Financial Planning, Retirement Planning, Tax Planning, Wealth Management

Are you debating if you should convert some of your Traditional IRA money to a ROTH IRA this year? Today, I will tell you three very important factors to consider before making the decision. So, here are the three factors to consider before committing to a ROTH...

HSA = Tax-Free Money

by Vid Ponnapalli | Oct 28, 2019 | Retirement Planning, Tax Planning, Wealth Management

This post is about how Healthcare Savings Accounts (a.k.a. HSAs) save you tons of money in way of tax savings! So, let’s come to the point – how do HSAs save you tax dollars? Very simple. If planned well, the money you saved in an HSA is never taxed; Yes, you...

All You Need To Know About 401(K) When Switching Jobs

by Vid Ponnapalli | May 4, 2018 | Retirement Planning, Tax Planning

Land a great new job? Awesome. Now is the perfect time to think about your 401(k) and retirement plan, whether you had one before or not. Saving for retirement is important at all ages, so don’t let this opportunity fall to the bottom of your list.Here are few tips to...

The Good, Bad, and Ugly of the Tax Reform

by Vid Ponnapalli | Dec 22, 2017 | Tax Planning

The most talked about Tax reform is finally signed into law by President Trump end of last year. The new Tax legislation is in for the current year 2018 and beyond! Well, what does it mean to you personally? Did you lose some of your past tax breaks? Or you got some...

4 Ways to Save on Taxes When You Fund Higher Education

by Vid Ponnapalli | Mar 22, 2017 | Tax Planning

Your children are college-bound or in college already. You are determined to contribute to their education. It is a lot of money! You wonder if Uncle Sam helps you here – I mean, in the form of tax incentives. Well, in fact, he does. Thanks to the current laws, yes...

What to Do With Employer Stock in Retirement Plan

by Vid Ponnapalli | Sep 14, 2016 | Tax Planning

You changed jobs. You have funds in your ex-employer’s retirement plan that includes some employer stock. What should you do? Roll the funds tax-free to an individual retirement account? This may not be the best move in all cases, especially not if your employer stock...