Why Proactive Tax Planning Can Save Your Family Money In The Long Run

2022-04-26T21:21:10+00:00April 1, 2022|Blog, Taxes|

If taxes were a common household game, what would they be? While your mind may instantly go to something maddeningly random like “go fish” or intensely competitive like poker, it’s really much more of an ongoing and ingenious dance, like chess.   In chess, players function strategically within a complex set of pre-existing rules and parameters—sounds a lot like the tax code, doesn’t it? Here’s the thing about your taxes, they aren’t a one-and-done sort of [...]

5 Clear Cut Signs You Need to Consider A Roth Conversion

2021-11-10T03:35:44+00:00October 1, 2021|Blog, Investments, Retirement|

To do a Roth conversion or not to do a Roth conversion, that is the question.  A Roth conversion presents a strategic avenue for high-earners to take advantage of a Roth IRA while not contributing directly.  While Roth conversions grant increased access to this coveted account, there are several factors to consider before initiating a conversion. Let’s take a look at five telltale signs a conversion may or may not be a good move for [...]

Important 2011 Tax Update

2011-01-26T07:07:43+00:00January 26, 2011|Blog, Taxes|

I attended the Financial Planning Association’s 2011 Current Tax Issues and Planning Strategies Seminar last week.  Below are some items of interest: Individual tax rates will remain 10%, 15%, 25%, 28%, 33%, and 35% through December 31, 2012loans idaho Itemized deduction phase out and personal exemption phase out will remain repealed through December 31, 2012 The ability to deduct state and local sales tax in place of state and local income tax is extended through [...]

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