The tax world may likely change very soon and in a dramatic way as substantial structural changes are in the works. The recently proposed “For the 99.5% Act” would bring sweeping changes to the taxation of estates and inherited gains, while the “Sensible Taxation and...
Estate planning is the greatest gift you can bequeath to your loved ones, to reduce their painful stress load during an already stressful time. If you’ve been putting off your estate planning, taking the initial steps can be daunting—but liberating. So, let’s get started today,...
On March 28, 2019, Governor Murphy signed legislation passing the New Jersey Small Business Retirement Marketplace Act. This Act requires employers that do not offer employees a 401(k) or other qualified retirement plan option to automatically enroll their employees in the New Jersey Secure Choice...
If you are eligible to participate in a 401(k) plan, in addition to the ability to contribute Pre-tax, the plan may also offer Roth (after-tax) contributions. Traditionally, contributions are made on a pre-tax basis, essentially reducing your taxable income for the year. When you elect...
Getting focused on your financial well-being is like starting a diet, it always begins next Monday. Addressing debt, budgets and the best way forward for your unique financial situation may seem daunting, but getting your finances organized doesn’t have to be as hard as cutting...
It’s hard to scan the financial headlines these days and not spot at least one call to action related to Bitcoin’s latest moves. Has all the attention given you cryptocurrency fever, or are you at least wondering what it’s all about? Before you start loading...
“The American marketplace is an economic jungle. As in all jungles, you easily can be destroyed if you don’t know the rules of survival. … But you also can come through in fine shape and you can even flourish in the jungle—if you learn the...
You have spent your whole career working in and on your business. You have seen it grow from just a seed to now, a full-grown tree. But some part of you knows you can’t work forever and you have this niggling feeling in the back...
The American Rescue Plan Act of 2021 is now a done deal. Among the items of greatest interest to most Americans is a third round of stimulus checks—or IRS “recovery rebates”—of up to $1,400 for every “eligible individual.” That’s the quick take. But what’s the fine...
In case you missed it, we invite you to watch a webinar presentation hosted by Sax Wealth Advisors geared towards providing young professionals with information that can help get their financial life on track and ensure their future success. We address the investment basics, savings strategies...
