Are You Ready for Tax Season?
Are you prepared for the upcoming tax season? With deductions, changes in regulations, inflation, and sometimes-uncertain markets, it’s important to take a moment and evaluate your financial position before filing. Tax season can be an especially stressful time for affluent families and individuals: The filing process often involves numerous documents, scaling hungrily with the size of your income. However, with enough forethought and planning, it doesn’t have to be painful. Whether you’ve yet to begin collecting your tax records or […]
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Date: March 2, 2023
It’s Tax-Loss Harvest Season
Happy Thanksgiving! I hope your holiday is meaningful, safe and happy. However—with an appreciation for the beloved November holiday—there is another, less celebrated time that we can recognize this year, as well. It is not just harvest season; it’s tax-loss harvest season. In times when even the affluent can be at risk of losing wealth to inflation, that’s a good thing. This article explains these topics: Tax-loss harvesting: what is it & how does it work? Even the affluent need […]
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Date: November 21, 2022
How Inflation Affects Your Taxes in Retirement
Inflation is an inevitable part of life. It means that prices will increase over time, and (believe it or not), in some cases, that is good news. For example, inflation can help the economy grow more quickly and provides more opportunities for workers to raise their salaries over time. Sometimes it can help countries and individuals with high amounts of debt pay their creditors off more easily, as well. However, when it comes to retirement savings and taxes, even for […]
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Date: October 18, 2022
Navigating Taxes IN Retirement
The road to lower tax paid runs through your entire lifetime, both pre- and post-retirement. The decisions you make before retirement critically impact your tax situation after retirement. But don’t dismiss the additional steps you can take within retirement to keep your taxes as low as possible. (This is especially important for a high net worth retirement, because the more money you have, the higher the taxes you’ll face.) How is Social Security Taxed? Social Security benefits are subject […]
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Date: March 8, 2021
