Insights
How can I reduce my taxable income before and after retirement?
Keeping up with all the tax legislation changes makes it challenging to know what you can do to reduce your income taxes. These are some of the ways that you can reduce your taxable income while you ... Read more.
When is the earliest that I can retire?
Retirement planning is complicated. You have been in a savings mode for most of your life and retirement will be a big adjustment as you will be withdrawing money for the first time. You will also have a ... Read more.
What tax deductions and credits are available?
Tax write-offs, or more commonly described as tax deductions, will lower your taxable income. By subtracting the deductible expenses, you decrease your taxable income and thus reduce your tax liability. Generally, the two ways to claim your ... Read more.
What is the optimal tax strategy for investment account withdrawals in my early retirement years?
After being in a savings mode for a good part of your life, you have now transitioned into retirement and may be wondering the best way draw down assets from your investment accounts to meet your living expenses and ... Read more.
How can I reduce my taxes when taking required minimum distributions?
During your working years, contributing to tax-deferred retirement accounts (401(k), 403(b), traditional IRA, SEP IRA, SIMPLE IRA) provided the benefit of not paying income taxes. This allowed for more of your money to grow through compounding. But ... Read more.
Do small business owners need their own retirement plan?
The typical response you would expect to hear from a financial planner is ‘Absolutely’. However, depending upon your circumstances, a more traditional type of retirement plan may not be optimal. For instance, if you plan to sell ... Read more.
