Category: Tax Strategies

October 10, 2017 Category: Tax Strategies

READER QUESTION: What is a 770 Account and How Does It Work?

A reader asks: “What is a 770 Account and How Does It Work?” Here’s our answer…

March 23, 2013 Category: Tax Strategies

Should I Buy Whole Life Insurance or an Annuity For My Grandchildren?

If your goal is to accumulate money for a grandchild (or a child), both options are good, but let’s look at the pros and cons of each strategy.

April 19, 2012 Category: Tax Strategies

A Unique Strategy To Give To Your Heirs And To Charity

A common estate planning dilemma is deciding whether to leave your assets to charity, to your heirs, or both.

February 11, 2012 Category: Tax Strategies

Make Smart Decisions with Your Pension Plan

“Should I choose a single life annuity payout from my pension or a joint and survivor annuity payout, which will make payments to my spouse when I die?”

February 4, 2012 Category: Tax Strategies

Is Estate Planning Only for the Rich?

Estate planning allows you or anyone to implement certain tools now to ensure that your concerns and goals are fulfilled after you die.

January 21, 2012 Category: Tax Strategies

How to Reduce (or Eliminate) the Taxes on your Social Security Income

To reduce or eliminate the taxes on your social security income, you first need to understand the term “Reportable Income”. This is the total of all your incomes that is required to be reported to the IRS on your tax form.

October 8, 2011 Category: Tax Strategies

Retirement Minute: Three Tax Planning Tips for 2012

Here’s three tips to reduce your taxes in 2012. Now that October has arrived, I would like to challenge you to take this month and start planning for how you are going to reduce your taxes in year 2012. Your CPA can be a good source to help you with this planning by suggesting different tax benefits that you can implement.

September 16, 2011 Category: Tax Strategies

Gen Y’s $2 Million Retirement Price Tag

Retirement won’t be impossible for Generations X and Y, but they will need to save considerably more than the baby boomers to make up for less employer and government help.

September 15, 2011 Category: Tax Strategies

A Roth 401(k) may be in your future

When it comes to choosing the best place to stash your retirement savings, the answer, at least in part, depends on your likely tax situation once you stop working.