The Wiser Wealth Blog
How Does a Step-Up in Basis Work?
The step-up in basis is a powerful tool that can help manage the tax implications of inherited assets. By understanding and utilizing this provision, heirs can significantly reduce their tax [...]
How do I avoid paying gift tax?
When it comes to giving gifts to loved ones, nobody wants the additional concern of incurring a hefty gift tax. Fortunately, with strategic planning and a solid understanding of the [...]
Does a Qualified Charitable Distribution (QCD) reduce taxable income?
In recent years, Qualified Charitable Distributions (QCDs) have gained attention as a savvy tax strategy for retirees. A QCD allows individuals over the age of 70½ to donate up to [...]
Tips for Transitioning to Retirement as a Pilot
Retirement is a significant milestone for any professional but for pilots, age 65 can approach faster than you anticipate. It's important to make sure that you plan for retirement ahead [...]
What Should I Do with an Inherited 401(k) or IRA?
Inheriting a 401(k) or IRA can be a significant financial opportunity, but it comes with complex rules and considerations. It’s essential to make informed decisions to manage this new asset [...]
What are the disadvantages of a custodial Roth IRA?
The Roth Individual Retirement Account (IRA) is a popular investment vehicle, known for its tax-free growth and withdrawals in retirement. However, when it comes to opening a Roth IRA for [...]
Inheritance Scams: How to Protect Yourself and Your Loved Ones
Inheritance scams have become a prevalent issue, preying on individuals by exploiting their trust and hope. These scams can take various forms, but they typically involve fraudsters claiming you have [...]
The Pros and Cons of a Dividend Focused Investing Strategy
Dividend investing has been a popular strategy for many investors, mostly the older generation, seeking to grow their wealth through a steady stream of income. This approach involves buying stocks [...]
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