Pre-RMD & Social Security Roth Conversions
Key Takeaways: Retiring before age 70 is the norm in the United States. While longevity continues to increase, the desire to retire later, work part-time in retirement or have a transitional job before retirement does not appeal to the masses. From a financial advisor standpoint, this presents ample financial planning opportunities for retirees before they […]
Give and Get: Qualified Charitable Distributions
Key Takeaways With Scottie Scheffler donning the green jacket Sunday, it’s no longer Masters week. Now, we move on to everyone’s second favorite spring tradition, tax week! We all love Augusta, GA, where cellphones are not permitted, and pimento cheese sandwiches are still only $1.50; they have a great formula, and it won’t change anytime […]
Taxes in Retirement – Case Studies
Key Takeaways: When you’ve spent your adult life working and saving, retirement is a big change. One item that will both change and remain the same is taxes. Your income sources will be different, each with their own intricacies in the tax code, but at the end of the day, you will still likely be […]
The Investor Taxation Lifecycle
We are not CPAs nor are we tax preparers, but a great deal of our time is spent working with clients and their professionals honing a financial plan that is tax efficient. We advise our clients to hire a CPA with whom we can work together to manage their financial plans. The financial plan and […]
When Too Much Tax Deferral Becomes Counterproductive
Most of us have been told from early on in our careers to defer as much income as possible to ensure we’ll be properly prepared for retirement. While not bad advice, most of these strategies involve only qualified deferrals, meaning all income tax gets punted until the distribution phase. Now, if you end up in […]
A History of the Individual Income Tax in America
Key Takeaways: Taxes have been part of our country’s history from the very beginning – No Taxation Without Representation! Some have said that the only two constants in life are death and taxes. Today, the tax code has become so complex that you could spend as much time as you wanted to be buried in resources […]
