Category - Taxes

1
Converting your IRA into a Roth IRA – What to Know
2
High Exposure to Company Stock in Your 401K: Good or Bad?
3
Scams and Hackers and Safety, oh my!
4
Generational Financial Planning Within The Kiddie Tax Limits
5
Taxes: we’re not Europeans

Converting your IRA into a Roth IRA – What to Know

A 60-second read by Nicholas Scheibner:  The main difference between a Traditional Individual Retirement Account (IRA) and a Roth IRA is that with a Roth IRA, you pay taxes upfront, so that when you are in retirement, you can make withdrawals tax-free. If you are considering converting your IRA into a Roth, here are a … Continue reading Converting your IRA into a Roth IRA – What to Know Read More

High Exposure to Company Stock in Your 401K: Good or Bad?

By Eve Kaplan, CFP® Professional

Is it good or bad to have a lot of employer stock in your 401k plan? It depends. Some employees accumulate company stock quickly because their company match is 100% company stock. Other employees load up on company stock because they’re bullish on their employer (and don’t fear an Enron-type recurrence). On balance, employees are holding a declining share of their 401k assets in company stock: less than 7% versus 19% in 1999*. This is generally positive trend but…in some instances it can make tax-sense to leave an employer with a heavy dose of company …

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Scams and Hackers and Safety, oh my!

At Clearview Wealth Management, we take the safety and security of your personal information very seriously.  It is essential in today’s global, wired world to protect yourself and your private information.  As we witness almost every day in the news, scams and hackers continue to threaten the security of our personal information.  Below are some areas to consider when enacting better protection over your personal information.

Password Tips

  • Don’t use combinations of your personal information (names, date of birth, address, zip codes) as these are available to the public online.
  • Use phrases like “I attended 1st grade at Edinboro
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Generational Financial Planning Within The Kiddie Tax Limits

The kiddie tax (or “Tax for Certain Children Who Have Unearned Income” as the IRS calls it) is a set of tax laws which force unearned income over a small amount to be taxed at the higher tax rate of the parents. For 2017, the kiddie tax limits allows $1,050 to be received without being taxed and the next $1,050 to be taxed at the child’s rate, while any unearned income in excess of $2,100 is taxed at the parent’s top marginal rate.

This tax can cause the children of wealthy parents to lose any preferential treatment of qualified dividend …

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Taxes: we’re not Europeans

We don’t want to pay as much tax as the Europeans do. How many times have you heard that? If less than 1,000 times, congratulations—you live without internet service. But, I still retain an old-fashioned interest in verifiable facts, not just what I’d like to be true. I hope one or two readers still feel the same way, so let’s take a look at some numbers on just who pays what taxes, and what those taxes pay for.

The moment you delve into comparing countries, you have to contend with currency conversions, buying power and the cost of necessities (what’s …

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