In addition to hourly wages or salary, employers often incentivize their employees with compensation in the form of company stock. Company stock can be awarded to employees without restriction or can be awarded through an Employee Stock Ownership Plan (ESOP) or purchased through an employee stock purchase plan (ESPP). These plans can have various goals; […]
Retirement Tax Planning: The Three Tax Wallets
Note: While some information in this article is specific to BP employees, the points about the three tax wallets may be useful for anyone saving for retirement. To understand the myriad types of retirement accounts and their complex tax treatments requires a certain depth of knowledge and expertise in retirement tax planning, more than can […]
Convert! Oh, Ye of Little Faith: Roth Conversions are Underutilized
By James B. Twining, CFP® and Tor Benson, CFP® The decision to make a Roth conversion can be extremely impactful, warranting thorough, professional analysis with consideration of all pertinent factors. If current and future assumed tax rates are equal, a Roth conversion is often assumed to be neither beneficial nor detrimental. Appendix A illustrates a […]
How Will Taxes Change in 2023? Brackets, Deductions, and More
With the holiday season behind us, it’s time to look forward to everyone’s other favorite season…tax season, which has experienced some changes in 2023. Our newly updated, proprietary guide called Numbers Unlimited is a great place to start as you embark on your yearly tax planning. Below is a brief recap of some main changes […]
Q3 2022 Newsletter
It’s been a busy summer at Financial Plan! View our quarterly newsletter for the details.
Spring Newsletter 2021
Our quarterly newsletter is here with a note on cryptocurrency and some FP Inc family news!
In a Most Delightful Way Series: Part 7
Our Spring blog series includes excerpts and basic financial lessons from the book In A Most Delightful Way, by our founder and CEO, James Twining, CFP®. The book aims to explore and simplify concepts based on the author’s own recollection of his early life and storied career path. The formula includes a story or anecdote […]
In a Most Delightful Way Series: Part 6
Our Spring blog series includes excerpts and basic financial lessons from the book In A Most Delightful Way, by our founder and CEO, James Twining, CFP®. The book aims to explore and simplify concepts based on the author’s own recollection of his early life and storied career path. The formula includes a story or anecdote […]
In a Most Delightful Way Blog Series: Part 5
Our Spring blog series includes excerpts and simple financial lessons from the book In A Most Delightful Way, by our founder and CEO, James Twining, CFP®. The book aims to explore and simplify concepts based on the author’s own recollection of his early life and storied career path. The formula includes a story or anecdote […]
In a Most Delightful Way Blog Series: Part 4
Our Spring blog series includes excerpts and basic financial lessons from the book In A Most Delightful Way, by our founder and CEO, James Twining, CFP®. The book aims to explore and simplify concepts based on the author’s own recollection of his early life and storied career path. The formula includes a story or anecdote […]