Topics
Topic:
Tax Planning
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The Dilemma of Two Homes
Downsizing your home is a big decision. What if you find your ideal home but haven’t sold your current one? This can be quite stressful, since you don’t want to lose out on the new property but may not be able to sell your existing property fast enough. The first place you may want to…
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Charitable Capital Gain Harvesting – A Tax Twofer For Those Charitably Inclined
It is rare for the IRS to allow two benefits for the price of one, but for those considering charitable giving, here is a strategy to capture just that. Donating appreciated securities, a method we call charitable capital gain harvesting, allows donors to receive a double benefit from charitable contributions in the form of 1) the market…
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Should I convert IRA money to a Roth?
Should I convert IRA money to a Roth is a complex question. Before 2017 tax law allowed recharacterization (being able to undo a Roth conversion). After 2017, tax law changed and you can no longer undo a conversion. So, before converting an IRA to a Roth, think through your full portfolio and goals. Converting an…
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Why Do I Need a Trust?
A simple will works for some people, but maybe not for you. Are you in a second marriage? Have minor children? Are you concerned about fraud? These are just a few of the many reasons to consider a trust. There are some simple estate planning techniques that you can use, such as adding beneficiaries to your retirement…
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10 Easily Fixable But Often Overlooked Financial Planning Items
It’s easy to let important financial tasks slip your mind, so take a minute to check this list for any to-do items you may have forgotten. It could make a big difference in your bottom line. We go through our daily activities and oftentimes neglect to revisit financial aspects that can earn us some extra…
