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Financial Matters

Business Succession Planning

Bill Hortz, Founder of the Institute for Innovation Development, recently interviewed Jennifer Specter, Shareholder/Chief Operations and Compliance Officer, and Alyssa Dalbey, CPWA®, CFP® and Shareholder/Wealth Manager at Schultz Financial Group (SFG) to understand how and why SFG offers succession planning as a standard offering to their business clients. Hortz: Why do you feel your firm

By Schultz Financial Group Inc.
June 19, 2024
Client Connections

The Truth about Superfoods

You have probably heard the term superfood used to describe a food that you should eat often, whether it’s to boost your immune system, prevent the development of a disease or illness, or some other desirable health outcome. The truth is that there is no such thing as a superfood. Despite the term’s popularity, it

By Nicole Ninteau
April 25, 2024
Financial Matters

Concentrated Stock Positions: Considerations for Corporate Executives

Building wealth through investments is a fundamental goal for many individuals, and the stock market offers an avenue to achieve that objective. Corporate executives can receive a significant portion of their compensation in the form of equity, such as stock options, restricted stock units (RSUs), or company shares. While equity compensation can be a valuable

By Schultz Financial Group Inc.
April 25, 2024
Retirement Planning

Mega Backdoor Roth Conversions

Mega backdoor Roth conversions give high-income earners an opportunity to participate in after-tax savings and tax-free investing. This strategy is available to individuals that participate in a qualified retirement plan, such as a 401(k), that allows after-tax contributions to the plan. Who Should Consider a Mega Backdoor Roth Conversion A mega backdoor Roth conversion may

By Alyssa Dalbey
April 22, 2024
Financial Planning

Health Savings Accounts (HSAs) – 2024 Limits

A Health Savings Account (HSA) is a tax-advantaged medical savings account available to individuals who are enrolled in high-deductible health plans. HSAs have three main tax advantages.

By Alyssa Dalbey
April 22, 2024
Retirement Planning

2024 Retirement Plan Contribution Limits

Retirement plan contribution limits are reviewed each year and are occasionally adjusted by the IRS. Table 1 below summarizes retirement plan contribution limits for 2024. Table 1: Retirement Plan Contribution Limits (2024) Retirement Plan Type 2024 Contribution Limit Age 50+ Catch-up Contribution Limit Individual Retirement Account (IRA) $7,000 $1,000 Simple IRA $16,000 $3,500 SEP 25%

By Alyssa Dalbey
April 21, 2024