Jim White, CFP®, EA, Author at Great Oak Wealth Management

Stepped-Up Basis: How to Save Your Heirs Thousands in Taxes Through Inheritance Planning

When it comes to estate planning, the stepped-up basis can be a powerful tool for reducing capital gains taxes and […]

If you’re between 60 and 63, you can sock away an extra $3,250 in your 401(k) compared to other catch-up

An in-kind distribution is an often overlooked yet simple process that could save taxes while maintaining investment allocation. They allow

A Qualified employee stock purchase plan (ESPP) is an employer benefit in which employees can purchase company stock through payroll

The Rule of 55 is a provision that allows penalty-free withdrawals from an employer retirement plan if you leave a

Healthcare-related costs are the elephant in the room for retirees, how do retirees over 65 pay for healthcare-related costs? Medicare

Rule 72(t) allows you to access your retirement savings without penalty before age 59 ½. But, although the rule provides

We are officially in the swing of gift-giving season! Mastering financial gift strategies is a blend of art and science.

A taxable investment account is an ideal savings tool for those who want to save additional funds. Whether you wish

We all know that starting and building a family is not a cheap or one-time outlay. It’s a longstanding big-ticket