Tax Planning

The Major 2018 Federal Tax Changes

May 1, 2018

The Tax Cuts and Jobs Act made dramatic changes to federal tax law. It is worth reviewing some of these changes as 2019 approaches and households and businesses refine their income tax strategies. Income tax brackets have changed. The old 10%, 15%, 25%, 28%, 33%,…

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Don’t Forget to Budget for These Retirement Costs

February 8, 2018

A budget can be one of your most valuable financial tools as you plan your retirement. Your budget can help you plan your required income and make smart buying decisions. Unfortunately, most Americans don’t use a budget. According to a study from U.S. Bank, only…

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What Is Your Retirement Withdrawal Strategy?

December 18, 2017

Retirement is a major financial challenge for many workers. In fact, according to a study from Gallup, it’s the top financial worry for 54 percent of Americans.1 They’re concerned that they won’t be able to save enough money to fund their desired lifestyle in retirement.…

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3 Strategies to Minimize RMD Taxes

October 10, 2017

Have you used a traditional IRA to save for retirement? If so, you’re not alone. Traditional IRAs are among the most popular retirement savings vehicles.…

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Stressed About Your Taxes? Try These Tips

March 10, 2017

Feeling the stress as tax season approaches? You’re not alone. During this time of year, many Americans feel the crunch as April 15 gets closer.…

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Will Your IRA Beneficiaries Face a Tax Bill?

February 21, 2017

If you’re like many retirees, a large portion of your assets may be held in qualified accounts like an IRA or a 401(k) plan. Qualified accounts make for attractive retirement savings vehicles because of their unique tax treatment. Your gains aren’t taxed as long as…

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