Taxes
Weekend Reading: 8 Things You Need to Know About Taxes Once You Reach Age 65
Ask yourself: Are you checking all the possible boxes to maximize your tax efficiency? Or is it time to roll up your sleeves and do some work?
Weekend Reading: Congress Says You Can Delay IRA Distributions, But it’s a Tax Trap
While SECURE 2.0 allows for delayed RMDs, it may not be in your best interest.
Weekend Reading: Will You Pay Higher Taxes in Retirement?
The combination of RMDs and Social Security income can result in what’s called the "tax torpedo”, but there are ways to help avoid it.
Weekend Reading: The Case for Tax Adjusting a Portfolio
From the moment you enter the workforce and into retirement, you’ll find that all of your earned dollars are in fact not all yours. One way or another, Uncle Sam wants his share, so it’s crucial to consider the different values of your money based on tax implications.
Weekend Reading: Myths About the Traditional and Roth 401(k)/IRA That Affect How People Use Them
One of your biggest retirement assets will likely be a tax-advantaged retirement account. If you’re looking for the most efficient exit strategy for withdrawals while en route to retirement or ways to minimize the tax impact on these savings, it’s important to know how they function.
Weekend Reading: How to Lower Your Tax Bill Next Year
A forward-looking tax strategy requires being proactive. To minimize your tax bill next year, you’ll want to consider employing tax efficient strategies for the remainder of 2023.
Weekend Reading: Similarities Between Roth IRAs And Non-Dividend Paying Stocks
Comprehensive retirement strategies require understanding the growth potential and tax impact of investment vehicles. Two options in your tool box include Roth IRAs and non-dividend paying stocks.
Weekend Reading: Five Tax Planning Strategies to Use All Year to Lower Taxes
You have the ability to gain more tax control over your hard-earned dollars, despite the many complexities of today’s tax rules. All you need is a forward-focused tax roadmap to help you get there.
Weekend Reading: 9 Ways to Help Clients Reduce Taxes on Social Security
You’re well aware Uncle Sam wants his share of your retirement income, but some of the families we meet with are surprised to find that includes Social Security benefits.
Weekend Reading: What Clients Worry About
While there is no crystal ball to reveal what’s on the horizon, taking an objective approach to today’s top retirement woes can help you feel more at ease.
Weekend Reading: Roth vs. Traditional IRAs: The Tax Trade-Off Isn’t Always What You Think
The tax advantages of a Roth IRA versus a traditional IRA may seem black and white, but there is more to consider before choosing one over the other.
Weekend Reading: 3 Tax-Smart Charitable Giving Strategies You Can Use Any Time of Year
You often hear of charitable giving as an end-of-year tax planning move; however, this isn’t always the ideal time from a tax perspective for you, nor does it most effectively serve the organization(s) you support.