Tax planning includes strategies and discussion of different methods to either minimize or defer your tax burden.
December is here, and as we collectively take a deep exhale following our respective Black Friday spending binges, it’s time to get back on the financial ball. There is one month left in 2023, and just enough time to implement some tax-saving, net worth enhancing strategies before year-end. Let’s dive in: Tax Savings Now: 401k, […]
Year End Tax Reduction Strategies for 2023 Read More »
The Inflation Reduction Act (IRA) just passed in both the House and Senate and is expected to reach President Biden’s desk for final ratification this week. The description of the bill from the democrats in the Senate is: “The Inflation Reduction Act of 2022 will make a historic down payment on deficit reduction to fight
Will the Inflation Reduction Act Reduce Inflation? How to Take Advantage of the New Law Read More »
If you work remotely, it likely makes sense to move to a low-tax state with low housing costs. How much could such a move increase your net worth?
“Geographic Arbitrage” – Move To A Different State And Increase Your Wealth! Read More »
Asset “location,” or managing one’s investments within the context of how different types of investments are taxed, is a fairly simple and underutilized strategy to lower your tax bill. The reason why asset location exists is because different types of investments are taxed differently. For instance: Long-term stock investments are taxed at favorable capital gains
Reduce Your Tax Burden With “Asset Location” Strategies Read More »
Traditional IRAs and 401ks, as well as their cousins (Roth IRAs/401ks) are some of the most powerful wealth-building and tax-saving devices available.
Traditional IRAs/401ks vs. Roth IRAs/401ks – Which is Right for You? (Video) Read More »