Saving for College – Coverdell ESA
As someone who is passionate about investing, I am a fan of Coverdell Education Savings Accounts (Coverdell ESAs). A Coverdell ESA is a trust or… Read More »Saving for College – Coverdell ESA
Scott Caufield
Backdoor Roth IRA Contributions
Roth IRA earnings grow tax free and distributions from Roth accounts are also generally tax free (as long as you’re 59 ½ and have had… Read More »Backdoor Roth IRA Contributions
Lower Your Taxes – Qualified Charitable Distributions (QCDs)
Qualified Charitable Distributions (QCDs) are a great way for charitably minded older individuals to save on taxes. A Qualified Charitable Distribution (QCD) is a direct… Read More »Lower Your Taxes – Qualified Charitable Distributions (QCDs)
Do you need umbrella insurance?
Umbrella insurance is a relatively inexpensive way to protect your current wealth or potential future earnings. A $1M policy usually only costs $150-300 per year,… Read More »Do you need umbrella insurance?
Washington State Capital Gains Tax
Washington Governor Jay Inslee signed ESSB 5096 into law on May 4, 2021, creating a 7% tax on the sale of long-term capital assets beginning… Read More »Washington State Capital Gains Tax