WSFG Blog
If you're like most people, you bought life insurance to provide for your loved ones in the event of your death. But because you're self-employed, you may have an even greater need for life insurance: You'll want to protect your family after you die, as well as protect the financial needs of your business. ISOs are a form of stock option that employers can grant to employees. A stock option is a right to buy a specified number of the company's shares at a specified price for a certain period of time. ISOs are also known as qualified or statutory stock options because they must conform to specific requirements under the tax laws to qualify for preferential tax treatment. You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and your child's education at the same time can be a challenge. But take heart — you may be able to reach both goals if you make some smart choices now. When you determine how much income you'll need in retirement, you may base your projection on the type of lifestyle you plan to have and when you want to retire. However, as you grow closer to retirement, you may discover that your income won't be enough to meet your needs. If you find yourself in this situation, you'll need to adopt a plan to bridge this projected income gap. Let's face it--in today's world, health insurance is a necessity. In fact, most U.S. citizens and legal residents must have qualifying health insurance or face a penalty tax. Yet the cost of medical care is soaring higher every year, and it's becoming increasingly difficult (and in some cases, impossible) to pay medical costs out of pocket.Life Insurance for the Self-Employed
Submitted by Wealth Strategies Financial Group on July 26th, 2019
Indexed Universal Life Insurance
Submitted by Wealth Strategies Financial Group on July 26th, 2019
What are incentive stock options? (ISOs)?
Submitted by Wealth Strategies Financial Group on July 10th, 2019
Saving for Retirement and a Child's Education at the Same Time
Submitted by Wealth Strategies Financial Group on July 1st, 2019
Are my Social Security benefits subject to income tax?
Submitted by Wealth Strategies Financial Group on June 26th, 2019
Medicaid and Nursing Home Care
Submitted by Wealth Strategies Financial Group on June 24th, 2019
Closing a Retirement Income Gap
Submitted by Wealth Strategies Financial Group on June 12th, 2019
I just made a gift. Do I have to file a gift tax return?
Submitted by Wealth Strategies Financial Group on June 12th, 2019
Health Insurance Made Simple
Submitted by Wealth Strategies Financial Group on June 12th, 2019