While it seems very scary, you actually have plenty of options for health insurance in retirement and it presents a huge tax planning opportunity.
I know what you are thinking, that is a very interesting title for a post. Thank you. I appreciate you…
Don’t sell your employer stock inside your 401(k) or roll over your account to an IRA without considering whether you will benefit from net unrealized appreciation (NUA).
Not all savings accounts are created equal. Since every type of account offers unique advantages, each account allocation should be tailored to benefit from those advantages.
A Roth IRA conversion is an extremely powerful tool that can be utilized to create income when you are at lower tax brackets in order to avoid creating income at future higher brackets. Essentially, they give you the ability to create income on your terms.
Recording a taxable loss to reduce current year taxes is a great strategy, but we never look at the converse — what about creating capital gains?
Prepping your estate to qualify for the small estate affidavit allows your loved ones to avoid lengthy proceedings and quickly settle your estate.
Social Security taxation is one of the many reasons that one should create a tax efficient distribution plan that minimizes your lifetime tax burden.
If donating a significant portion of your wealth is important to you, then it’s wise to make a plan now.
Accessing money before 59 ½ has rules, but that should not stop you from retiring when you want to.