Know These 3 Mistakes or Else You’ll Strike Out on Your Taxes

You may be wondering where to begin thinking about your tax strategy so you are not excessively taxed in retirement. Avoiding these three common mistakes can help you begin thinking about what a comprehensive tax strategy might look like for you. Having Too Much Taxable Income When you approach retirement, you'll have to start thinking [...]

2022-09-30T20:07:43+00:00October 3rd, 2022|Financial Planning, Taxes & Tax Planning|

Are Your Income Sources Tax-Protected?

Taxes are highly important to consider when it comes to your retirement. You’ll likely have several sources of income in retirement that can be taxed, such as IRA distributions and Social Security benefits. But, do you have any after-tax “buckets” that you can use strategically in retirement to help reduce your tax bill? There may [...]

2022-07-25T14:53:35+00:00July 25th, 2022|Retirement Income, Taxes & Tax Planning|

Tax Considerations for the Estate Planning Process

When estate planning, don’t forget to consider the tax considerations. Do not transfer assets with gains from an older generation to a younger generation without tax and step-up basis considerations.  These rules vary from state to state and can be very complex to decipher.  This is yet another reason why working with an advisor who [...]

2022-01-17T22:46:16+00:00January 17th, 2022|Estate Planning, Taxes & Tax Planning|

Watch Out for Scams During Tax Season

Return prepare fraud can be very common during tax season[1] and scammers tend to target older adults. Digitization has made tax preparation easier but has also opened up a whole new world of criminal activity. While there’s not much we can do to stop these threats entirely, there are certainly ways that we can all [...]

2021-05-11T19:28:48+00:00May 11th, 2021|Fraud Protection, Taxes & Tax Planning|
Go to Top