Want to Make More Money Investing? Try Maximizing Your After-Tax Return
Ways investors can save money on taxes.
The Rules for Medical Deductions Are Changing for Those Age 65 and Older
The rules for medical deductions are changing for seniors ages 65 and up.
RMD Decision Time: What Baby Boomers Need To Know Now
Avoid paying more in tax by knowing a few basic rules for RMDs.
How You’re Saving For Retirement Is More Important Than Ever – Here’s Why.
The IRS Statistics of Income (SOI) program recently released data on taxpayers who hold IRAs for the tax year of 2013. The SOI program was mandated by the Revenue Act…
Tax-Efficient Benefits of Exchange Traded Funds (ETF)
The savings for non-tax deferred (retirement) account investors can be significant.
9 Retirement Decisions You’ll Want To Make With a Specialist
These decisions need to be coordinated to have the most benefit.
Variable Annuities: How To Evaluate Whether You Should Keep One
By Patrick Carney, CFP® Unfortunately, it is not uncommon to meet prospective clients who attended an “informational” seminar, got a nice steak dinner, and ultimately purchased an annuity that may cost…
How To Avoid Paying Taxes Twice on the Same Income
What’s worse than paying income taxes? Paying taxes on the same income twice. Before putting away your 2015 tax folder, make sure your return contained Form 8606 if you have…
Follow the Rules When Rolling Over Your Employer-Sponsored Retirement Plan
Know your options and follow these rules to help prevent costly rollover mistakes.
Three Common Pitfalls To Be Aware of When Taking Your RMD
Taxpayers reaching age 70 ½ this year will discover the meaning of tax deferral. A portion of the funds they set aside in retirement accounts to avoid tax while they were working…
Are Investment Management Fees Tax Deductible? It Depends.
The answer ultimately depends on how the management fees are being paid.
Roth IRA Conversion: Does It Make Sense For You?
Each new tax year could provide a great opportunity to convert funds from a traditional IRA to a Roth IRA, but the decision can involve many moving parts and should be evaluated carefully.
Qualified Charitable Distributions Now Permanent
President Obama signed into law the Protecting Americans from Tax Hikes (PATH) Act of 2015 on December 18th. The new law extended over 50 expired provisions of the tax code.…
Four Financial Challenges of Losing a Spouse in Retirement
For a married couple in retirement, death of one partner can be financially devastating.
Maximize Health Savings Account Tax Benefits
The IRS announced the inflation-adjusted deduction limitations for annual contributions to health savings accounts (HSA) beginning in 2016 through Revenue Procedure 2015–30. HSA deduction limits are updated annually to reflect…
Should I Pay Off My Mortgage Balance Early?
While few actually like having a mortgage, retirees generally fall into one of two camps: people who are okay with having a mortgage and people who aren’t.
Tax Loss Harvesting: Don’t Lose Sight of Your Long-Term Strategy
No one ever expects to lose money on an investment but the reality is that everyone’s portfolio will probably have losers at some point. We diversify our investments to hedge…
Tax Implications of Owning a Vacation Home: What Everyone Ought To Know
Thinking of buying a vacation home? Here are some factors to consider before you make your decision.
Failure to Take the RMD from Your IRA Can be Costly
A recent audit report found that in fiscal year 2014, IRS revenue officers collected $222 million less than they did in 2011 (7% less) and closed 34% fewer cases. The…
Don’t Overlook the Importance of Tax Efficiency
Tax efficiency is another important key to assuring you don’t outlive your money.
