Could a Roth Conversion Ease Your Tax Bite?
Minimizing the amount you pay in taxes is essential for weathering market downturns. However, the complexity of the U.S. tax code often makes it difficult to plan effective tax strategies on your own. This is why affluent taxpayers sometimes assume that their best option is simply to pay whatever they owe each year. Many of them have no idea how much money they could potentially save by planning financially to lower their tax liability. One strategy worth considering, for instance, […]
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Date: April 17, 2023
How a Roth Conversion Could Lower Your Tax Costs
Now more than ever, even high-net-worth individuals should be looking for ways to reduce taxes. Inflation, like market volatility, affects everyone: Having a million dollars in a savings account today may buy more goods and services than it could tomorrow. With this in mind, a Roth conversion could be an option worth exploring if you want to reap the benefits of reduced taxes and greater financial flexibility. In a sense, this allows you to have a little cake and eat […]
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Date: January 23, 2023
A Financial Strategy to Use Right Now
Tax Day Postponed As I wrote about the other day, I want to begin each update with something positive. As most people know, the IRS has extended tax filing day to July 15th. My read and that of the many CPAs I speak with is that’s across the board. If we are correct, that includes IRA, SEP and HSA contributions as well, along with paying tax owed and estimated taxes. When it comes to taxes, I always have mine done […]
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Date: March 27, 2020
Bulls Working on Three Straight
Bulls Working on Three Straight On Sunday, I discussed the tiniest of green shoots and the scenario for stock market low on Monday followed by a rally. As I said at the time and since, I think it is “A” low, but perhaps not “THE” low. It is certainly a start and I am glad that the market responded to what was diminishing downside acceleration. It looks like those geniuses in Congress will finally pass a massive $2 trillion stimulus […]
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Date: March 26, 2020
