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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
Tax Planning

Medical Expense Tax Deduction for 2024

Qualifying medical expenses include preventative care, treatment, surgeries, dental care, vision care, psychologists, psychiatrists, prescription medications, and appliances such as glasses, contacts, false teeth, and hearing aids, among others.

By Alyssa Dalbey
April 19, 2024
Charitable Giving

Charitable Giving: Cash vs Property

Taxpayers can make charitable gifts using cash or property. Examples of property commonly donated to charities include appreciated stock and other marketable securities. The type of asset gifted could affect the amount of the taxpayer’s deduction. This article explains various aspects and planning opportunities for donating cash and property. Understanding Cash Donations Cash donations to

By Alyssa Dalbey
March 1, 2024
Investment Management

The Complexities of Investing $10 Million

Bill Hortz, Founder of the Institute for Innovation Development, recently interviewed Russ Schultz, Chief Executive Officer and Chief Investment Officer of Schultz Financial Group, about the complexity and challenges of investing and managing large sums of money. Hortz: Is investing $10 Million substantially different than investing $1M or smaller amounts of money? Schultz: The answer

By Russ Schultz
January 15, 2024
Insurance & Risk Management

Medicare Part B and Part D Premium Adjustments for 2024

Medicare Part B premiums are automatically deducted from Social Security, Railroad Retirement Board, and Office of Personnel Management payments. The standard Medicare Part B premium is adjusted based on a taxpayer’s Modified Adjusted Gross Income (MAGI). MAGI for Medicare purposes is the taxpayer’s AGI plus any tax-exempt interest. Medicare uses a taxpayer’s MAGI from two

By Alyssa Dalbey
January 15, 2024