Managing an investment portfolio efficiently requires knowledge of income taxes and your tax bracket specifically.
One of the most important retirement planning decisions to make will be deciding when to draw Social Security benefits. It is a difficult decision in general because there are a lot of factors to consider.
What happens when the paychecks stop, and retirement begins? It is one of the most pressing questions we hear from people approaching retirement.
Filing status is especially important because it determines, in part, the tax rate applied to taxable income, the amount of the standard deduction, and the types of deductions and credits available.
Complexity abounds with respect to a RSU or option decision.
Gifting to adult children can be a rewarding way to enrich their lives.
When investors take a step back and view the stock market over a long period of time, we observe that bear markets are a natural occurrence in the never-ending market cycle.
If you are an executive at a large company, you may receive stock in your company at some point as a form of compensation.
Saving more tax-free dollars for retirement got easier in 2019 after a six-year wait! The inflation-adjusted maximum annual contribution for a Roth IRA finally increased to $6,000.
RMD rules are similar for both types of accounts, but there are some differences.
HELOC stands for home equity line of credit. Like a mortgage, it’s a loan made against the equity in your home.
How to pay it forward in 5 easy steps
There is a way to receive a partial deduction for money that will eventually go to your children.
Funding the tax-free side of the New Three-Legged Stool for retirement can be more difficult for taxpayers with higher incomes. In 2018, joint filers can only make a partial Roth IRA…
You probably just finished filing your tax return for 2018 and you’re thankful that it’s done for another year. The last thing you want to think about now is amending…
Many people mistakenly believe their expenses will be half as much as a widow(er) than as a couple. This is true of some expenses, like food and clothing. However, larger expenses related…
Your favorite non-profit is running a capital campaign. They approach you for support asking for an amount larger than you are willing to write a check for today. No problem. You can…
The primary goal of income tax planning is to pay the least amount of tax possible. Good tax planning should include avoiding paying tax on the same income twice. One…
House Republicans boasted their 2017 tax reform would simplify taxes to the point that taxpayers would be able to file a return on a postcard. The Tax Cuts and Jobs Act (TCJA)…
It’s a great place to retire, but can be an expensive place to have an estate.