tax law changes

Tax-Savvy Charitable Giving Strategies

America holds the designation as the most charitable nation in the world. In 2020 alone, U.S. charitable giving totaled $471 billion. Interestingly, 69% of that giving came from individuals.

If you’re reading this article, you’re likely in the habit of giving back – and you probably make your philanthropic decisions based on your values and passions. For most philanthropists, it’s about much more than money. However, even though tax planning probably isn’t your main reason for giving back, don’t overlook the valuable tax benefits you’re entitled to. Here are some tax-savvy charitable giving strategies you can implement.

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3 Investing Resolutions to Make This Year

The start of a new year calls for reflection on many aspects of our lives, including our financials. Even if you’re very happy with how your portfolio performed last year, now is not the time to get complacent. Spend time reviewing what you’ve accomplished in terms of building your wealth, growing your investments, and increasing your net worth. Then, review these three investing resolutions to determine if you can harness more potential over the next 12 months to achieve your investment goals this year.

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incentive stock options

Six Advantages of Incentive Stock Options

If you’ve been awarded incentive stock options (ISOs), there’s a lot that you need to know to take advantage of their full potential. ISOs give you the right to purchase shares of stock at a predetermined price according to a vesting schedule. They’re exclusively given to employees like you by employers, often as a part of a compensation package or performance incentive program. The benefits can be significant, but to best leverage ISOs to enhance your financial plan, you’ll need to understand the subtleties. Here are the top six advantages of this stock opportunity.

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Restricted Stocks

Five Benefits of RSUs: Understanding the Nuances of Restricted Stock

If your employer has granted you equity compensation in the form of restricted stock units (RSUs), it’s important to understand the potential benefits and what they mean for you. RSUs offer a future promise of uncertain value but, when vested, that value becomes more concrete. It is essential to understand the nuances of RSUs and how they can benefit you so that you can develop a savvy strategy for managing restricted stock in your financial plan. Below, we’ll discuss five benefits of RSUs.

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biden tax plan

Understanding the Biden Tax Plan

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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