by admin | Jun 27, 2018 | Blog, Near Retirement, Retirement Planning, Tax Planning
The IRS not only wants you to pay what you owe but in many instances, they don’t want you to wait until the end of the year to do so. If your primary income is a salary from an employer, this is pretty simple. Just make sure you get your withholding correct, and you...
by admin | May 9, 2018 | Blog, Tax Planning
One of the most controversial aspects of the new tax law is the limitation on the deduction for state and local taxes. The limit was set at $10,000, and as a result, many affluent taxpayers will find themselves able to deduct a good deal less than they actually pay in...
by admin | Apr 18, 2018 | Blog, Tax Planning, Uncategorized
Updated January 2020 to reflect the SECURE Act changes Charitable decisions typically aren’t solely driven by a desire for a tax break. Most of us make philanthropic contributions because there are causes or institutions that are important to us. Still, we all...
by admin | Mar 14, 2018 | Blog, Near Retirement, Retirees, Retirement Planning, Savings, Tax Planning
In last week’s post, I covered a few things you should consider in setting up withdrawals from your portfolio in retirement. One of the considerations was planning for taxes, and more specifically, how you can impact your tax liability from year-to-year by choosing...
by admin | Feb 1, 2018 | Blog, Tax Planning
In last week’s blog post, I covered the various options for holding assets meant to benefit your child. This week, we’ll take a look at the tax planning issues surrounding assets held for or by your children, as well as how the assets impact eligibility for financial...
by admin | Jan 4, 2018 | Blog, Tax Planning
If you’ve followed the news about the new tax bill, you may have noticed that in an attempt to answer the question “Will it save me money?” writers are resorting to offering a varied group of hypothetical tax payers. The reason for this is that the bill changed a...
by admin | Dec 13, 2017 | Blog, Investment Management, Tax Planning
Had Harry Markowitz thought about it, he probably would have considered tax loss harvesting a free lunch. Markowitz was a seminal figure in the academic study of investing, and he famously called diversification the only free lunch when it came to investing. What...
by admin | Oct 25, 2017 | Blog, Retirement Planning, Tax Planning
Unless you are extremely wealthy, there aren’t many tax shelters available to you and healthcare costs are likely a rising concern. For both of those reasons, I am a big fan of Health Savings Accounts (HSAs). The HSA is one of the few avenues available to shelter...
by admin | Nov 29, 2016 | Blog, Estate Planning, Inheritance and Finances, Tax Planning
In last week’s post we outlined issues to consider when it comes to investing an inheritance. This week, we’ll look at a case study for someone receiving an inheritance. We believe financial advisors should keep client information confidential, so the account below is...
