Five Things to Know About Taxes in Retirement

By |2021-11-12T15:23:56-08:00December 3rd, 2021|Wealth Management Resources|

Time to Read: 6 Minutes When planning for expenses in retirement, it’s easy to begin thinking about travel and vacations while overlooking one significant expense – taxes. In Nationwide’s 2021 Retirement Income Survey, 41% of retirees surveyed reported wishing they had been better prepared for taxes leading up to retirement.  Tax laws change frequently, and

529s – College Savings Advice for High-Net-Worth Investors

By |2021-11-16T05:06:16-08:00November 15th, 2021|Wealth Management Resources|

Time to Read: 10 Minutes Section 529 plans are arguably the best college savings vehicle around. In this article, we will cover what 529 plans are, why they make such great college savings accounts, and how high net worth investors can take advantage of 529 plans for their estate planning tax benefits.  Introduction to 529 Plans 

Mega Backdoor Roth 401(k) – Retirement Savings Strategies for High Earners

By |2021-11-05T10:21:15-08:00September 2nd, 2021|Wealth Management Resources|

Time to Read: 7 Minutes Maximizing retirement savings and devising strategies to keep taxes low are the cornerstones of building wealth. But with relatively low limits on 401(k) savings, how should high earners invest excess cash? There’s an extremely productive strategy that can turn your 401(k) into a vehicle for saving above the income limits and creating tax-free

Tax Saving Strategies for Higher Earners (Working or Retired): Part III – Qualified Charitable Distributions

By |2021-10-13T12:00:47-08:00August 13th, 2021|Wealth Management Resources|

Time to Read: 6 Minutes Charitable giving may already be a part of your annual tax and estate planning. But if you are over age 70 ½ and have an IRA, you can donate directly from the IRA, satisfy your Required Minimum Distribution, and reduce your taxable income. It’s called a Qualified Charitable Distribution (QCD), and

Top 5 Impacts of Proposed Tax Reform for Affluent Families

By |2021-10-13T12:06:01-08:00July 30th, 2021|Wealth Management Resources|

Time to Read: 10 Minutes The Biden administration has proposed various tax reforms impacting wealthy Americans. Specifics are sparce, and the proposals are often, perhaps intentionally, opaque.  But, given that the President’s political party holds a slim majority in the Senate and could implement many of these changes on its own (through the reconciliation process), we need to

Tax-Saving Strategies for High Earners: Part 2 – Donor-Advised Fund

By |2021-10-27T06:54:03-08:00May 18th, 2021|Wealth Management Resources|

Time to Read: 9 Minutes Many charitable individuals want to know the most tax-efficient strategies for donating to their favorite causes. In Part 2 of a 7-part series, “Tax-Saving Strategies for High Earners,” we evaluate the unique tax benefits of a Donor-Advised Fund (DAF), a charitable giving account designed to help taxpayers receive large