Making Annual $15,000 Gifts - Many individuals are able to help
their families and reduce potential estate taxes by using this popular
gifting technique. It can work for anyone and be a critical part of
family financial planning.
The Basics of Estate Planning - Estate planning is not just the
wealthy or the elderly. A few steps can help ensure that your family
will be cared for as you intend if tragedy strikes.
The Basics of Income Taxes - The Internal Revenue Code is a
very long and extremely complex document. While only the very
best tax professionals can fully understand all of it, a better
understanding of some of the basics can help individuals put their
financial decisions into perspective and potentially save some taxes.
Beware of the Alternative Minimum Tax - The AMT is becoming a
problem for millions of taxpayers and many are not aware of its
presence. It may be difficult to totally avoid the AMT, but an
understanding of what it is and how it works may provide some ideas
on how to reduce it.
Consider Charitable Contributions of Appreciated Stock - With
the recent strong performance of the stock market, many people
should consider how giving stock to their favorite charity can further
their favorite causes and create an income tax break.
Charitable Giving Strategies - Americans continue to open their
wallets to support their favorite causes. Understanding your options
may help you save some additional taxes while you help your
favorite charity.
Eight Simple Estate Planning Steps - A death in the family is
always sad and stressful. No one likes to contemplate their own
death, but there are some simple steps to follow to prepare for the
inevitable. This article includes 8 steps everyone should consider.
Mistake to Avoid - Not Considering a Life Insurance Trust - Life
insurance trusts can be used to keep insurance proceeds out of your
taxable estate and save large amounts of estate taxes. As you
review your estate plan, speak with your attorney about this powerful
and useful technique of owning life insurance policies.
Estate Planning is More Than Minimizing Taxes - People often
think that estate planning is just for the wealthy and usually
undertaken just to avoid or reduce estate taxes. However, there is
much more. The proper planning can reduce the stress often
associated with choices over medical decisions and financial
management for the dying or disabled.
The Power of Tax Deferred Compounding - No one likes to pay
income taxes. Delaying the actual payment of taxes can be satisfying
from an emotional and financial point of view. Learn some of the
types of investments and types of accounts that can help you delay
the final tax bill.
Revocable Living Trusts - These popular forms of asset ownership
are often "touted" as ways to avoid the expense of probating an
estate. Learn what they are, how they work, how you may establish
one and what to watch out for.
Taxable, Tax Advantaged, Tax Deferred and Tax Free - Certain
investments and certain types of accounts can help you reduce, or at
least delay, paying income taxes on investment earnings, Learn
some of the why's, how's and when's of this important issue.
The Tax Implications of Financial Decisions - Income taxes can
be confusing and frightening. All too often, misunderstandings cause
people to make financial choices that are not in their best long-term
interest. Learn a few basics that will put taxes into the proper
perspective.
Developing an Effective Income Tax Strategy - While it may be
too late to reduce last year's tax bill, it is the right time to start
planning to reduce your future income taxes. This article offers
some ideas that may make every April 15th less taxing.
Useful Income Tax and Retirement Planning Information - There
have been several major tax law changes over the past few years
with staggered effective dates. These laws have significantly
changed the way you may want to consider your financial situation,
especially retirement planning. This article has information that you
find helpful.
Year Round Tax Savings Strategies - Income taxes are not
something that should only be considered once a year. This article
provides several ideas that can be put to work to make your tax bill
smaller.
The Tax Cuts and Jobs Act of 2017 - This is a broad summary of the Tax Cuts and Jobs Act of 2017. Remember to always consult your tax advisor for a better understanding.
