Whether you know it or not, your “estate” is comprised of different assets with different attributes. Some of your assets will be …
Small business owners sometimes have an enviable opportunity to save on tax. They rightfully look for every loophole to which they are …
Washington state has published its estate tax threshold for 2024. Spoiler alert: it hasn’t changed from 2023. When learning about the estate …
During a lunch with an Executive Director of a local charity that currently qualifies as a tax-exempt 501(c)(3), I heard him remark …
As a senior citizen ages in her residence, she begins to understand a problem that has been brewing for years or decades. …
In this episode of Cornerstone Clips, Joel Ockey breaks down the key differences between pretax and Roth retirement contributions—and how to decide which one fits your financial goals. Learn how pretax contributions can reduce your taxable income today, while Roth contributions offer tax-free withdrawals in retirement. Whether you're planning for a lower tax bracket in the future or aiming for long-term tax-free growth, this quick guide will help you make a more informed decision.
In this episode of Cornerstone Clips, Joel Ockey breaks down the essentials of Roth conversions—what they are, how they work, and when they might make sense for your retirement strategy. Learn the key differences between Traditional and Roth IRAs, how converting can lock in today’s tax rates, and why having cash on hand to cover taxes is crucial. If you're looking to reduce future tax burdens and grow your retirement savings tax-free, this strategy might be worth exploring.
On March 24, 2023, the Washington State Supreme Court released its long-awaited opinion upholding the constitutionality of the new Washington Capital Gains …
Transferring wealth to children will become a touch easier in 2024. Buried in the estimated 4000-page Consolidated Appropriation Act of 2023 that …
