Category: Tax Planning
Posted on October 25, 2024
Great savers could face a ‘tax time bomb’ in retirement, advisor says — here’s how to avoid it
Key Points: If you’re nearing retirement with a large pre-tax 401(k) plan or individual retirement account balance, you need to a plan for managing future levies, experts say. With Required withdrawals… Read More
Posted on January 27, 2023
Key Tax Moves for 2023
Consider ways to help reduce taxes on your income and investments by acting now. Key takeaways Wider tax brackets, a higher standard deduction, and expanded saving opportunities may help create new tax-saving possibilities for 2023. Don’t wait until… Read More
Posted on December 16, 2022
12 Last-Minute Tax Tips for 2022
Act now to save money on 2022 taxes. Key takeaways Retirement savings plans such as 401(k)s and 403(b)s have a December 31 deadline for contributions through payroll deductions. If you itemize, consider charitable contributions and accelerating medical expenses…. Read More
Posted on November 17, 2022
10 Tax Planning Tips for the End of the Year
Tax planning between now and the end of the year can have a significant impact on how much tax you have to pay next April. Financial decisions you make between now and the end of the year… Read More
Posted on October 18, 2022
What Property to Put in a Living Trust
For the greatest benefit, hold your most valuable property items in your living trust.
Posted on May 10, 2022
Decide Where to Live in Retirement
When helping clients plan for retirement, we always recommend that they think about retirement in three phases—the “Go-go” years, the “Slow-go” years, and the “No-go” years. Still these three stages mean something different for every retiree. How should… Read More
Posted on January 17, 2022
Charitable Giving and Your Financial Plan
Generosity is great. But should it be spontaneous? Rarely, if ever. Giving has two components—where you give and how your give. First, there is the legacy you want to leave, the values you want to impart to future… Read More
Posted on November 9, 2021
Sharing the Wealth: How Lifetime Gift Tax Exemption Works
As Congress continues to debate a reduction in the estate and gift tax exemption–slated to rise to $12.06 million in 2022–now may be a perfect time to consider some lifetime gifts. Many people plan for bequests at the… Read More
Posted on February 1, 2021
2021 Quick Tax Facts
“The hardest thing in the world to understand is the income tax.” – Albert Einstein Every year, the IRS reviews marginal tax rates, retirement plan contribution limits, the taxability of Social Security and the estate and gift tax… Read More
Posted on November 16, 2020
‘Tis the Season…
“We make a living by what we get, but we make a life by what we give.” -Winston Churchill As we approach this time of Thanksgiving, many of us have a desire to open our hearts and our… Read More
