Tax Implications of Distributions from a Mutual Fund
There are a variety of investment products out there and they are not all taxed in the same manner. As an investor, it is important to understand the tax implications associated with any investment you make. This is certainly the case with mutual funds. Like an individual stock, mutual funds make distributions to shareholders, but […]
Understanding the Basics: Incentive Stock Options & Non-Qualified Stock Options
Today many companies grant employees stock purchase rights as a form of incentive. These rights are often one part of a total compensation package. Employers use these incentives to attract and retain valuable employees. These grants are given through a stock plan and grant agreement. They can come in two different forms: incentive stock options […]
How to Get Out-of-State College Education at an In-State Tuition Rate
The college decision is one of the more important moments of a young adult’s life and making the best decision can be rather challenging when analyzing all the factors, whether it be the cost of tuition, location, or the programs offered by an institution. Over the last decade, we have seen rising college costs weigh […]
Harvester – March 2000
Year End Tax Planning Recommendations
“Our Constitution is in Actual Operation; Everything appears to Promise That It Will Last; But in This World Nothing is Certain But Death And Taxes” Letter To M. Leroy – 1789 At this time last year, there was talk in Washington about comprehensive tax reform in 2014. Not surprisingly, no such reform was […]
Tax Implications of Investing in Master Limited Partnerships
Master Limited Partnerships (“MLPs”) have been a hot topic in the investment community in the last few years and for good reason. One of the top performing sectors of the market, MLPs have and continue to play a major role in the developing U.S. energy renaissance. A MLP is a partnership that provides liquidity because […]
September 2014
September 30, 2014 “America has to face the fact that we have not reformed our corporate tax laws. We have the highest overall corporate tax rates in the world. And we are now the only OECD country that also taxes overseas earnings on the difference between what the companies pay overseas and what they […]
Are Your Beneficiary Designations Up-to-Date?
The disposition of retirement assets such as individual retirement accounts (“IRA”) and employer-sponsored retirement plans as well as death benefits from life insurance policies and annuity contracts are not covered by your will or trust as long as beneficiary designations are in place for those assets. These vehicles are a great way to transfer assets […]
Research – One of THOR’s Competitive Advantages
“Learning is not attained by chance, it must be sought for with ardor and attended to with diligence” – John Quincy Adams Our core values at THOR can be summed up by the acronym “PKC” – Passion, Knowledge and Caring. Knowledge is our biggest asset and we have a saying that gets mentioned often in […]
A Different Twist on Education Planning
At THOR, we continually strive to find the best financial solutions for our clients. We recently reviewed the “Private College 529 Plan,” which has an interesting twist to saving for college expenses. Most of our clients are aware of traditional 529 plans. The Private College 529 Plan is different from a traditional 529 plan in […]