StampNotes

Blog, Commentary, And News

Reduce Healthcare Costs and Save For Retirement in One Mighty Little Health Savings Account

By Josh Weller \ August 23, 2022
Reduce-Healthcare-Costs-Heath-Savings-Account

Here’s one financial decision you will not regret:  enrolling in a Health Savings Account (HSA) at work to reduce your healthcare costs. Learn about the triple tax-reducing power of the Health Savings Account to lower your healthcare costs, and how it can help pay for health expenses from your early career all the way through…

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Do You Have to Pay Capital Gains on Selling Your Home?

By Contributing Staff \ August 7, 2022
Home-Sale-Tax-Exclusion

When selling your home, you may be eligible for a substantial capital gains tax exclusion ranging up to $500,000 in excluded gains. Financial analyst Matt Mellusi, MSFP, of Cary Stamp & Co. in Tequesta, FL introduces the basics of the $250,000/$500,000 Home Sale Tax Exclusion. TRANSCRIPT: I’m Matt with Cary Stamp and Company and today…

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Have You Accumulated a Substantial Amount of Company Stock as an Employee? Here’s How to Make the Most of It!

By Cary Stamp \ July 23, 2022
Cary-Stamp-Net-Unrealized-Appreciation-NUA

Forbes Best-In-State Wealth Advisor, Cary Stamp, CFP® of Jupiter, FL, illustrates the huge tax advantage of using the Net Unrealized Appreciation strategy when distributing your employee-owned stock. TRANSCRIPT: My name is Cary Stamp. I’m a certified financial planner and founder of Cary Stamp & Company. And if you are an employee of a large corporation…

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Learn the One Big Caveat About the Backdoor Roth: the Pro-Rata Rule

By Cary Stamp \ May 20, 2022
Backdoor-roth-pro-rata-rule

Here’s the big question to ask yourself before starting a “backdoor” Roth IRA strategy. Do you already have other IRAs? In this video, Forbes Best-In-State wealth manager Cary Stamp, CFP® explains how the Backdoor Roth Pro-Rata Rule impacts the tax efficiency of the backdoor Roth IRA, and provides the potential solution! TRANSCRIPT: I’m Certified Financial…

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A No-No for High Earners: Overlooking the Optimal Timing for Claiming Social Security

By Josh Weller \ May 3, 2022
Optimal Social Security Claiming

The maximum monthly Social Security benefits for 2022, and why the timing of claiming benefits is important for everyone. As high earners approach retirement, too many overlook the importance of claiming social security benefits at the optimal time. A number of personal reasons or assumptions are to blame for the blasé attitude. The most common…

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Why that Roth IRA Conversion You Were Considering May be Even More Valuable

By Cary Stamp \ April 2, 2021
The Importance of Roth IRA Conversions in 2021

Current Tax Discussions in Congress May Lead to Drastic Changes in Estate Tax Exemptions that Increase the Value of a Roth IRA Conversion Strategy. For years, I’ve been stressing the benefits of Roth IRAs to our clients and their beneficiaries. In an environment of massive government spending and a constantly greater need to pay for…

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A Great Solution After The Secure Act’s Elimination of the “Stretch IRA”

By Cary Stamp \ June 5, 2020
Secure-Act-Stretch-IRA-Elimination

The Secure Act eliminated the Stretch IRA option for beneficiaries to distribute inherited IRAs over their lifetimes. Now there’s a 10-year distribution maximum. If you’re close to retirement, have a lot of money in retirement plans, and want to maximize assets passed on to beneficiaries when you’re no longer here, there’s a great solution.  …

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Beneficial CARES Act Provisions for 401k and IRA Accounts

By Cary Stamp \ May 6, 2020
CARES-Act-Provisions-for-401k-IRA-Accounts

Cary Stamp, leading financial advisor based in Jupiter, FL, provides an update on beneficial CARES Act provisions for retirement accounts—including IRAs and 401(k)s—to help with the financial challenges of the COVID-19 crisis.      TRANSCRIPT: Hi, I’m Cary Stamp. This is a Principled Wealth Moment. I would like to share with you some updates…

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Phenomenal Tax Credits up to $5,000 per year for Launching a New 401(k) Plan

By Cary Stamp \ February 26, 2020
Secure-Act-Tax-Credits-for-Launching-New-401k

Leading financial advisor Cary Stamp, based in Jupiter, FL, offers an overview of the exceptional tax credits up to $5,000 per year for businesses that launch new 401k plans (made available through a Secure Act provision).       TRANSCRIPT: Hi, I’m Cary Samp with Cary Stamp & Co., and this is a Principled Wealth…

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Maximize Your Pension with a Huge Lump Sum Passed on to Beneficiaries

By Cary Stamp \ February 6, 2020
Jupiter-FL-Financial-Advisor

Jupiter, FL financial advisor Cary Stamp briefly outlines an innovative Pension Maximization strategy that can add a huge lump sum to the assets you pass on to beneficiaries.   TRANSCRIPT: I am Cary Stamp with Cary Stamp and Company. This is a Principled Wealth Moment. And if you’re somebody that has a pension, maybe you…

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