Taxes

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Weekend Reading: How a Key Biden Tax Idea Got Crushed

You’re most likely well aware of the Biden Administration’s plans to increase taxes on the wealthy, but one of those initiatives is not moving forward.

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Weekend Reading: 7 Ways the New Tax Bill Could Impact Retirement Planning

A first look at a major proposed tax bill was just released by the Ways and Means Committee, and it has the power to change a number of things in the retirement planning realm.

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Weekend Reading: What the New Outlook for Social Security Means for You

If you’re worried about the future stability of Social Security, rest assured, the outlook still looks positive.

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Weekend Reading: Does Planning End at Retirement?

You need a strategic, customized plan to get yourself to retirement, but you also need a plan for what lies beyond.

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Weekend Reading: 7 Ways to Prepare for Higher Taxes

As past podcast guest, David McKnight, says, “The tax train is coming,” and we should all be ready. Experts believe tax rates will increase with each passing year, and on top of that, President Biden has proposed bills that would raise both corporate taxes and the long-term capital gains rate tax for anyone making more than $1 million per year.

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Weekend Reading: Limits of Tax Diversification and the Tax Alpha of Roth Optimization

To Roth or not to Roth? This might be a question you’ve asked yourself before, and upon comparing a Roth IRA to a traditional IRA, what makes the most sense for your hard-earned dollars often comes down to taxes.

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Weekend Reading: Seven Retirement Myths Debunked

Retirement planning legends and rules-of-thumb are plentiful, but do they hold true when it comes to your hard-earned dollars?

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Weekend Reading: Revealing the Retirement Trifecta

Having a checklist to navigate a successful retirement helps provide structure and financial confidence, which is also why we developed our proprietary planning process, the Retire With Purpose Framework. This article, however, provides another perspective, and it’s one you might benefit from reviewing too.

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Weekend Reading: The Mysterious Order... of Asset Withdrawal

Which accounts do you pull from first when it comes to your retirement income stream? It’s a question many retirees stress over, but in the grand scheme of things, might not be worth all the worry.

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Weekend Reading: Why Today's Retirees Need to Pursue Tax-Minimization Strategies

Here’s a retirement reality check: Tax increases will affect you more today than they did for retirees in years past.

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Weekend Reading: 5 Easy Ways to Protect Your Retirement Savings from Taxes

Taxation on retirement accounts is complicated enough, but when you add in ever-changing legislation rules, you might be left wondering how to protect your portfolio from Uncle Sam.

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Weekend Reading: How 10 Types of Retirement Income Get Taxed

Stepping into retirement means going from one taxed income — To many taxable income streams that work together in replacing your paycheck. Understanding the different layers of these taxes is the first step to maximizing your tax efficiency, and keeping more of your hard-earned dollars.