While you likely grew up in a household where your parents took care of you, what happens when the tables turn and they need you to take care of them? On top of the unpleasant emotions of seeing a parent age or decline in health, this role reversal often leaves you responsible for your parents’ …
Financial Planning
Why You Need Dual-Factor Authentication
Cybercrime has been with us for many years, but the problem may be getting worse. Security experts say it is wise to assume that your personal information and credentials have been accessed and made available to criminals. Passwords on their own are not as infallible as we need them to be. Cyber …
Getting The Most From Your Amazon Benefits
Amazon provides generous company benefits which can help employees build wealth, manage risk, and secure their future. It’s important to consider how to best integrate the additional compensation, retirement, and health benefits into your financial plan. Equity Awards Your grants of Amazon …
Planning for the New Year
With 2021 just around the corner, you may be thinking about New Year’s resolutions and setting goals for the year ahead. The IRS recently released the 2021 planning limits which we will incorporate into your plan. Additionally, with a new administration taking office, we wanted to highlight some of …
Tax Planning During Volatile Markets
Market volatility occurs when we see meaningful price swings in either an up or down market. This can provide for unique tax planning opportunities. Below is a summary of some potential strategies to consider as we approach year end. Portfolio Rebalancing How it Works: Rebalancing is key to …
Tips for Microsoft Elections and Open Enrollment
Open Enrollment at Microsoft will begin on November 2nd. The following is a summary of elections to consider, and as always, please reach out to your Paracle advisor if you have questions. HSA (Health Savings Account) If you choose an HSA eligible health plan, you can modify your HSA …
Save More For Retirement With Your Health Savings Account
As you plan for retirement, consider using one of the best options for building tax-advantaged savings – a Health Savings Account (HSA). An HSA is a medical savings account available to anyone enrolled in an HSA compatible high-deductible health plan (HDHP). For 2020 and 2021, the IRS defines a high …
Sending Your Child Off to College: A Financial Checklist
Starting college is a big life transition for both students and their parents. While your student may be focused on orientation and choosing courses, there are some important financial considerations that accompany this change as well. Some are administrative items for you to consider, such as …
Saving For Education During Market Volatility
Congratulations to the Class of 2020! Commencements are looking a little different across the country this year with virtual, socially distant ceremonies. While the graduates’ next steps may be private school or off to college, as parents or family members, you may be wondering the best way to help …
Frequently Asked Questions (FAQ) During The COVID-19 Downturn
The events of the last few months have unfolded quickly, and for all of us life changed dramatically in a very short period of time. Even now, we don’t yet know when things will return to any semblance of normal. But even though we are not finished with this crisis by any means, it is still possible …
