Rodney D. Wade, CFP®, AIF®, EA, MST | Wade Financial Advisory | Fee-Only Financial Advisor serving Silicon Valley

Health Savings Accounts Provide a Simple Tax Break for High-Income Earners

Tax Planning, Uncategorized, Wealth Management / By Rodney D. Wade, CFP®, AIF®, EA, MST

Health Savings Accounts (HSAs) are often overlooked or misunderstood, but they provide a noteworthy tax savings strategy for high-income earners when utilized correctly. Specifically, they provide access to a triple tax-advantaged account with the potential to beat the utility of even your 401(k) plan. You can contribute to your HSA on a pre-tax or tax-deductible …

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Beware of Economic Impact Payment (Stimulus Checks) Scams

Uncategorized, Wealth Management / By Rodney D. Wade, CFP®, AIF®, EA, MST

The IRS is issuing economic impact payments (EIP) to millions of eligible taxpayers (up to $1,200 for individuals and $2,400 for joint filers). A taxpayer is eligible if their adjusted gross income is below $99k for individual filers or $198k for joint filers. The payments are automatic for eligible taxpayers who have already filed their 2018 …

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Paycheck Protection Program Loans

Uncategorized, Wealth Management / By Rodney D. Wade, CFP®, AIF®, EA, MST

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act contains many provisions for businesses and individuals, but the most impactful provision for small businesses in the immediate term is the Paycheck Protection Program loan. The Paycheck Protection Program loan will provide up to $349 …

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Income Tax Filing and Payment Deadlines Extended

Tax Planning, Uncategorized / By Rodney D. Wade, CFP®, AIF®, EA, MST

Our team would like to provide you with an update regarding the recent announcements regarding income tax filing and payment extensions.

Investing 101 for Beginners

Investment Management, Risk Management / By Rodney D. Wade, CFP®, AIF®, EA, MST

There’s a lot to learn if you want to know more about investing your money for beginners. If you’re new to investing, some of the information on the Internet can be downright confusing. While investing itself is fairly straightforward, many people find themselves shying away from the entire process because they simply don’t understand the terminology, …

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Planned Giving Goes Further

Trust & Estate Planning, Wealth Management / By Rodney D. Wade, CFP®, AIF®, EA, MST

There are many ways that we support our favorite charitable causes. However, one of the most beneficial ways to support a favorite charity now and into perpetuity is through planned giving. While almost any larger nonprofit organization has an active planned giving program, it may come as a surprise that many smaller nonprofits are also …

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What You Should Know About Certified Financial Planners

Wealth Management / By Rodney D. Wade, CFP®, AIF®, EA, MST

Certified Financial Planners™ (CFP®) can stand out from a rather crowded field of financial professionals for a variety of reasons. One of the most important reasons is that Certified Financial Planners™ are mandated to act as a fiduciary, meaning that they are required to put their client’s interests and needs ahead of his or her …

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