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