As the year reaches its midpoint, it's an opportune time for mid-year tax planning to potentially reduce your tax liability, maximize your retirement income, and enhance your overall financial well-being. In this 8-step guide, we explore key strategies and considerations to get you started.
Leveraging 529 Plans for Retirement Savings: A Strategic Approach for High-Wage Earners
Using IRS Marital Filing Status as a Strategy
A Case for Reverse Mortgages (Even When One is Not Needed)
It’s Time to Get Reacquainted with Survivorship Life Insurance
Tax Planning in Turbulent Times - Part 3: Tax-Wise Financial Planning
Tax Planning in Turbulent Times - Part 2: Tax-Wise Investment Techniques
Tax Planning in Turbulent Times - Part 1: The Tools of the Tax-Planning Trade
The American Rescue Plan Act of 2021: Understanding The 2021 Recovery Rebate Stimulus Payments
Give Your Budget a Checkup During Tax Season
The Changing Tax Rules and What You Can Do Now
Tax Planning for Retirement, Part 2: Understanding Taxation During Retirement
What Can I Do to Reduce My Taxes? 2 Things You Can Do Now
What can I do to reduce my taxes?
This is a very common question we get as financial advisors and tax preparers in my firm.
Simply put, get organized! I know you probably hate to hear such a finger-wagging statement, but really, what if the mere fact of organizing meant an extra $1,000 in your pocket? You may be asking, “How’s that?” or thinking, “I’m not an organized person.” Fortunately, you don’t need to be on par with Martha Stewart’s level of organization to seize your opportunity!