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Proactive Tax Planning 4 of 6

5 Tax-Minded Reasons to Have Life Insurance We offer proactive tax planning advice in an effort to accomplish two things: reduce your taxes while you are alive, as well as after you pass away. One way to kill both those birds with one stone is through certain kinds of life insurance. That’s because of two… Continue reading Proactive Tax Planning 4 of 6

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Proactive Tax Planning 3 of 6

One Roth IRA Workaround for High-Income Earners If you understand the concept of compounding interest and believe your money will grow over time, then you’d be wise to supplement pre-tax retirement plans with a Roth IRA. After all, it’s the most recognized vehicle for tax –free growth and tax-free distribution. Yet, high-income earners can’t contribute… Continue reading Proactive Tax Planning 3 of 6

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Proactive Tax Planning 2 of 6

8 Reasons to Convert to a Roth IRA No one wants to pay more than his or her fair share in taxes. Nor should you pay income taxes on money you’re not actually spending, if you don’t have too. So it makes sense that we as taxpayers intuitively want to defer taxation on assets until… Continue reading Proactive Tax Planning 2 of 6

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Proactive Tax Planning 1 of 6

The Concept of the Four Tax Buckets No one wants to pay more than his or her fair share in taxes. Yet few have a good understanding of how their savings will be taxed over time. A good way to gain a basic understanding is to consider the concept of the four tax buckets. The… Continue reading Proactive Tax Planning 1 of 6

Wealth Transfer

5 Ideas For Gifting Non-Retirement Assets

At some point in your life, if you have accumulated assets, you may consider using your wealth to help others. Whether that’s a child, a parent, a friend or a charity, there can be great emotional reward in making a wealth transfer to someone, or something, in need. Two weeks ago we talked about making… Continue reading 5 Ideas For Gifting Non-Retirement Assets