Uncategorized

Proactive Tax Planning 4 of 6

5 Tax-Minded Reasons to Have Life Insurance We offer proactive tax planning advice in an effort to accomplish two things: reduce your taxes while you are alive, as well as after you pass away. One way to kill both those birds with one stone is through certain kinds of life insurance. That’s because of two… Continue reading Proactive Tax Planning 4 of 6

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Proactive Tax Planning 2 of 6

8 Reasons to Convert to a Roth IRA No one wants to pay more than his or her fair share in taxes. Nor should you pay income taxes on money you’re not actually spending, if you don’t have too. So it makes sense that we as taxpayers intuitively want to defer taxation on assets until… Continue reading Proactive Tax Planning 2 of 6

Wealth Transfer

5 Ideas For Gifting Non-Retirement Assets

At some point in your life, if you have accumulated assets, you may consider using your wealth to help others. Whether that’s a child, a parent, a friend or a charity, there can be great emotional reward in making a wealth transfer to someone, or something, in need. Two weeks ago we talked about making… Continue reading 5 Ideas For Gifting Non-Retirement Assets

Wealth Transfer

4 Things to Know About a Qualified Charitable Distribution (QCD)

For those who have reached the age 70 milestone with taxable retirement dollars set aside, the IRS is knocking on your doorstep for some taxes to finally be paid on distributions they require you take. In their eyes, you’ve deferred taxation on these savings long enough, and it’s time to start taking this money and… Continue reading 4 Things to Know About a Qualified Charitable Distribution (QCD)