Asset Location & Timing to Reduce Taxes in Retirement Read this if you want to preserve more of your nest egg & lower your tax bill. Location, location, location ... It matters when it comes to real estate, and it also matters when it comes to the way you hold and invest your retirement savings. You can’t control what happens with the tax code, but you can control how your savings are held. As various types of investments are taxed [...]
A Guide to 2014 Tax Law Changes (& More) While 2014 has not brought momentous changes to federal tax laws, there are many alterations and COLAs worth noting. In particular, the Affordable Care Act has prompted a few significant changes. Additionally, a host of tax provisions created during the recession expired at the end of last year. Some were scheduled to sunset at the end of 2012, but were extended. Their reinstatement for 2014 is left to Congress. The 2013 [...]
Making Your Money Work Harder for Retirement Little things you could do that could help you leave work a little sooner. Little things matter. When planning for retirement, people naturally think about the big things arranging sufficient income, amassing enough savings, investing so that you dont outlive your money, managing forms of risk. All of this is essential. Still, there are also little financial adjustments you can make at mid-life that may pay off significantly for you down the [...]
Organizing Your Paperwork for Tax Season If you haven’t done it, now’s the time. How prepared are you to prepare your 1040? The earlier you compile and organize the relevant paperwork, the easier things may be for you (or the tax preparer working for you) this winter. Here are some tips to help you get ready: As a first step, look at your 2012 return. Unless your job, living situation or financial situation has changed notably since you last filed [...]
End-of-Life issues can be difficult for families to discuss but avoiding them can lead to unnecessary disputes and hurt feelings. Financial planner Jane Ricardi of North Light Financial Services encourages her clients to address the issues. Jane is quoted in Financial Planning magazine as a planner assisting families during difficult times. Click here to read more.