Ten income and estate tax planning ideas for 2024
Taxpayers may want to consider these income and estate tax planning strategies to save more and try to reduce taxes.
Tag: Roth IRA
How to avoid a misstep with a backdoor Roth contribution
It is important to note there are some potential mistakes to be avoided when executing a backdoor Roth strategy.
What’s in store for SECURE 2.0 this year
The SECURE 2.0 Act, signed into law in late 2022, was a follow-up to the original SECURE Act passed in 2019. The bill included more than 90 different provisions scheduled to be phased in over several years. SECURE 2.0 introduced wide ranging changes to employer-sponsored retirement plans as well as IRAs. For 2024, there are
Year-end planning ideas for 2023 to lighten the tax burden
As year-end approaches, there may be steps taxpayers can take to better manage their current tax bill or to hedge the risk of future higher tax rates. Now is an opportune time to assess finances and determine if adjustments are needed. It is especially timely since, for many options, there is a limited window to
Key FAFSA changes will impact student aid
Important changes to the FAFSA filing will take effect this year and impact student aid levels for some families.
Often overlooked retirement plans for the self-employed
Roughly 25 million small businesses are self-employed individuals and many do not have retirement plans in place.
College grads: Consider financial actions for your next steps
Building a solid financial strategy may be the most important first step to help college grads achieve their dreams.
Birthdays may signal time to take financial action
In addition to birthdays and life changes, such as retirement, age milestones are meaningful for financial planning.
Leading tax questions on the minds of advisors from our webinar
Here are some of the top tax questions asked by advisors on our recent webinar.
Soaring federal debt signals future tax increases
Given the current state of federal debt and solvency issues with entitlement programs, it is likely that revenue needs will lead to higher taxes.