Annrose Isaac CPA, CFP®, MBA | Wade Financial Advisory | Fee-Only Financial Advisor serving Silicon Valley

Understanding the Biden Tax Plan

Tax Planning, Uncategorized / Annrose Isaac CPA, CFP®, MBA

Below we will discuss the current tax proposals that are being debated in Washington. Wade Financial Advisory will be evaluating the final enacted legislation to advise on its impact on our clients.

September saw the release of the Democrats’ full tax proposal, which details their plan to pay for expanding access to paid family leave, education, and healthcare, as well as efforts to combat climate change. The proposal is expected to provide more than $2 trillion in new revenue over the next ten years, mostly from high-income households and companies, and negotiations are currently underway.

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Understanding the Biden Tax Plan Read More »

Considerations for Passing an Inheritance to Your Children

Trust & Estate Planning, Uncategorized, Wealth Management / Annrose Isaac CPA, CFP®, MBA

For many people, building wealth means the opportunity to leave an inheritance to their heirs. If you’d like to leave something behind for your children or grandchildren, it’s important to understand that it will impact much of your financial planning. For example, you’ll likely need to increase your savings and explore which tax-advantaged retirement plans are right for your unique situation, as well as thoughtfully consider your future health care needs.

In order to ensure your desire to leave some of your wealth to your children matches your financial capabilities, we’ll review eight essential personal finance considerations.

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Considerations for Passing an Inheritance to Your Children Read More »

Strategies for Optimizing Employee Stock Options

Equity Compensation, Investment Management, Wealth Management / Annrose Isaac CPA, CFP®, MBA

In recent years, generating income from stock options has regained its popularity in executive compensation packages, after falling out of favor during the dot-com bust. Their recent resurgence means there are also growing numbers of executives making poor choices, often because they lack good advice or because they have unwarranted optimism about their companies’ stock prices. Making good decisions and maximizing the value of your stock options starts with understanding what you have. Then, you can begin to develop a strategy that optimizes their value by incorporating tax consequences, your personal risk appetite, the company’s outlook, and more.

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Strategies for Optimizing Employee Stock Options Read More »

Multi-Generational Planning: Funding a 529 Plan for Your Grandchildren

College Planning, Multi-Generational Planning, Trust & Estate Planning, Wealth Management / Annrose Isaac CPA, CFP®, MBA

A college education does not come cheaply. Forbes has estimated that the price of a college education has increased 8 times faster than wages, making it important for families to plan ahead in order to fund educational expenses. At Wade Financial Advisory, Inc. (WFA), we routinely discuss the benefits of establishing an Education Savings Plan account (commonly known as a 529 plan account) with our clients. These accounts provide a cost-effective way to benefit the future generation because grandparents and other family members can easily contribute to a child’s existing 529 plan account. Setting up a 529 plan account as early as possible and adding funds to the account regularly allows for maximum growth opportunity.

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Multi-Generational Planning: Funding a 529 Plan for Your Grandchildren Read More »

Maximizing the Tax Benefits of Charitable Giving

Tax Planning, Trust & Estate Planning, Wealth Management / Annrose Isaac CPA, CFP®, MBA

Recent changes in income tax laws have made it even more important for you to be strategic with your charitable giving during the year so that you can maximize tax benefits while supporting your favorite charities. As you contemplate gifts to your favorite charities in 2020, keep in mind that strategizing early in the year may allow you to take advantage of several methods for maximizing your tax savings. Here are a few tax-wise methods for charitable giving that you may be able to take advantage of depending on your financial circumstances.

You may be able to realize significant tax savings by “bunching” several years of charitable contributions in one year rather than spreading those contributions out over multiple years. Talk to your Financial Advisor if you plan to donate to charities every year so that you can determine if bunching your charitable donations will generate meaningful tax savings.

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Maximizing the Tax Benefits of Charitable Giving Read More »