Tax Planning

In this video, we will touch on the following: 0:00 – Introduction 01:18 – Defined Benefit plan  03:42 – 401k 07:57 – Spousal IRA  09:49 – Required minimum distributions to charity 13:09 – Retiree tax savings ideas 15:00 – How to Contact… Read More

The focus for retirement planning is usually on saving and investing to ensure that you have a sufficient nest egg. However, a key part of retirement planning involves tax planning. Proper tax planning can save… Read More

A 1035 exchange is a provision in the tax code that allows you as a policyholder to transfer funds from a life insurance endowment or annuity to a new policy without having to pay taxes…. Read More

With a traditional IRA, you save by getting a tax deduction when you invest your money, but later when you take the money out in retirement, all those distributions are taxed. The Roth IRA is… Read More

Whether you’re a new college graduate or an established professional, it’s never too early to start saving for your retirement. As one might expect, the longer you live, the more resources you’ll need to sustain… Read More

If you qualify for a Health Savings Account, you may actually be able to get a tax deduction, grow money tax free, AND have money withdrawn tax free for qualified health care expenses! Of course,… Read More

Navigating the regulations of inheritance tax can add to an already complex and stressful situation for beneficiaries. Whether or not this is your first time paying inheritance tax, knowing the latest in tax laws can… Read More

When the vows have been made and the honeymoon is over, married couples’ minds may be far from thinking about taxes. But with the recent Tax Cuts and Job Acts (TCJA) passed in December 2017,… Read More