5280 Associates Financial Blog

High-net-worth individuals (HNWIs) are in a unique position to better their communities by making donations through charitable planning. Donor-advised funds (DAFs) provide a flexible and efficient way for these individuals to manage their philanthropic efforts. By...

Charitable planning is a cornerstone for high-net-worth individuals (HNWIs) wishing to leave a lasting legacy while optimizing tax efficiency. Among the advanced charitable giving strategies available, Charitable Remainder Trusts (CRTs) and Charitable Lead Trusts...

As the reliance on the internet continues to grow, so does the need for cybersecurity. According to the cybersecurity company Norton, there are around 2,200 cyberattacks per day. In the ever-changing world that we live in, it is imperative to protect your private...

The holiday season is right around the corner! Donating to an organization can be a great way to spread cheer supporting a cause you believe in while also benefiting from a tax perspective. In this article, we will cover tax implications and strategies around five...

The COVID-19 pandemic was a completely unprecedented event that left our economy at a near-standstill in 2020, causing downward pressure on pricing in many different industries. Now, the economy is beginning to heat back up creating new demands for goods and services...

Equity Compensation: What is a Stock Option, Employee Stock Ownership Plan, Employee Stock Purchase Plan, and a Restricted Stock Unit?

Approximately 145 million people in the US are invested in a Real Estate Investment Trust, or a REIT. REITs typically provide high dividend yields- which make them a fine choice for investors looking for some extra income or who reinvest their dividends. So, what are...

Bitcoin and other forms of cryptocurrency used to be regarded as an investment for day traders only. Today, it is gaining interest, creating many questions for investors. Some investors look to Bitcoin as a way to protect their portfolio from inflation and currency...

Many diligent retirement savers have spent decades putting away money into Traditional IRA’s or Traditional 401k’s/403b’s. The main benefit of these vehicles is tax deferral and the potential to receive a deduction on your taxes for the year in which the contributions...

Many employers offer a 401k plan for retirement savings. Have you ever asked yourself any of the following questions?    How much should I contribute? How much does the match matter? How much do I need to put in each pay period to ensure the retirement of my dreams?!?...

One of the only great things to come out of 2020 is the opportunity to refinance debt, particularly your mortgage, for a lower interest rate. There are many considerations in refinancing a mortgage but the most discussed is the interest rate. If you are able to...

Many people see the turn of a year as an opportunity to set fresh goals and create new habits – especially around their personal financial situation. “I want to get my finances in order, save more, spend less, increase earnings, etc…” we’ve heard it all, but...

This year give the gift of tax planning…to yourself! 2020 has been a unique year, and it has created some unique tax planning opportunities. The events of 2020 have led to new legislation that provides for opportunities in your charitable planning. Some folks have...

What should my savings strategies be? How much money should I be saving every month? If we had a nickel for every time we get asked that question here at 5280 Associates… but we love hearing it! This is where our expertise and our creativity meet to tailor a plan just...