Garrett Gould, Author at Halyard Financial

Health Insurance in Retirement

October 23, 2019May 6, 2020 Garrett GouldLeave a comment

While it seems very scary, you actually have plenty of options for health insurance in retirement and it presents a huge tax planning opportunity.

Distribution/Tax

The Retirement Income Roller Coaster

October 9, 2019May 6, 2020 Garrett GouldLeave a comment

The Retirement Income Roller Coaster is a tax planning opportunity that I navigate for my clients. It is exactly as…

Distribution/Tax

Net Unrealized Appreciation

November 6, 2018May 6, 2020 Garrett Gould

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).

Investments/Tax

Tax-Favored Portfolio Growth

October 30, 2018May 6, 2020 Garrett Gould

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.

Distribution/Tax

Roth Conversion Strategies

October 23, 2018May 6, 2020 Garrett Gould

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.

Tax

Capital Gain and Loss Harvesting

October 16, 2018May 6, 2020 Garrett Gould

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?

Distribution/Tax

Planning for Social Security Taxation

October 2, 2018May 6, 2020 Garrett Gould

Social Security taxation is one of the many reasons that one should create a tax efficient distribution plan that minimizes your lifetime tax burden.

Tax

Charitable Giving Strategies

September 11, 2018May 6, 2020 Garrett Gould

If donating a significant portion of your wealth is important to you, then it’s wise to make a plan now.

Distribution

Retiring Early

September 4, 2018May 6, 2020 Garrett Gould

Accessing money before 59 ½ has rules, but that should not stop you from retiring when you want to.

Tax

Tax Cuts and Jobs Act: Managing Deductions

August 28, 2018December 17, 2020 Garrett GouldLeave a comment

Stacking deductions in one year and then taking the standard deduction in subsequent years may let you benefit from tax savings that you would have otherwise not been eligible for.

Author: Garrett Gould