Author - Vid Ponnapalli, MS, CFP®, MPAS®,CRPC®

1
What to Do When You Have Employer Stock in Your Retirement Plan
2
3 Most Dangerous Myths of Retirement Planning
3
3 Questions to Ask Yourself Before Buying a Home
4
Six smart ways to manage sudden wealth
5
What you need to know about Tesla Model 3 tax credits

What to Do When You Have Employer Stock in Your Retirement Plan

This article was originally published by Vid Ponnapalli on

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You changed jobs. You have funds in your ex-employer’s retirement plan that includes some employer’s stock. What should you do? Roll the funds tax-free to an individual retirement account? This may not be the best move in all cases, especially not if your employer stock has appreciated significantly.

Thanks to an often overlooked tax concept called “net unrealized appreciation” (NUA), here is a strategy that could be financially more beneficial to you: Instead of rolling over to an IRA, take an in-kind distribution of the stock. In other words, move the …

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3 Most Dangerous Myths of Retirement Planning

This article was originally published by Vid Ponnapalli on Kiplinger’s Wealth creation channel.

Recently I was talking to a good friend of mine, who is in his early fifties, about his retirement planning. I asked him how prepared he was. Here is what he said:

“I am all covered. I will retire at 65. I expect my retirement expenses to be 70% of my pre-retirement expenses. I will have saved up $1 million by the time I retire. I will invest this money in a portfolio of stocks and bonds with my stock allocation equaling 100 minus my …

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3 Questions to Ask Yourself Before Buying a Home

This article was originally published by Vid Ponnapalli on Kiplinger’s Wealth creation channel.

You found your “dream home,” fell in love and are ready to sign the contract. Not so fast.

This is a huge investment, and perhaps a long-term commitment. So, step back, and ask yourself: What, if anything, stands between you and your dream home?

Here are three questions you should ask yourself before you make an offer:

  1. Does this purchase fit well with your financial goals?

Financial goals are unique to each individual. For some, buying a dream home could be a top priority. For …

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Six smart ways to manage sudden wealth

A young partner in a start-up firm once asked me “What do you suggest I do with the money if my company is sold and I get a lump sum?” It made me think. Accordingly this blog post.

Occasionally, you may find yourself receiving a fortune: whether it is from the startup firm you have been part of, or as an inheritance from your Mom or Dad or Uncle or Aunt, or even from the lottery you won. This is indeed great and perhaps will help you to boost your overall financial wellbeing.

However, you now have to manage the …

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What you need to know about Tesla Model 3 tax credits

electric carElon Musk, CEO of Tesla announced Model 3 offer at a low price tag of $35,000. He says all you need is to put down a refundable $1,000 deposit and wait until sometime in 2017 to get your keys.

Uncle Sam says he offers you tax credits for owning an electric car. He says these credits are generous with a federal tax credit up to $7,500 and if you live in a state such as California, state tax credits up to $2,500.

Excited? Should you add all these up and say you are getting into a Tesla Model 3 by …

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