Tax Strategies

Tax Strategies: How to Lower Your Tax Bill in Retirement

Given the constantly fluctuating economic climate, developing strategic planning methods to ensure a comfortable retirement has become more critical than ever. One such strategy to complement this is tax planning. Effective tax planning before and during retirement can enhance the longevity of your retirement savings by lowering your tax bill. Here are six tax-reducing strategies [...]

By |2024-08-12T11:54:02-04:00August 12th, 2024|Blog, Tax Strategies|

6 Tips for Handling Taxes in Retirement

Retirement is a stage in life that many look forward to. However, it comes with its own set of financial challenges, among them being the handling of taxes. Contrary to popular belief, tax responsibilities do not necessarily cease once you retire. Your tax liability may increase if your retirement income sources are not tax-efficient. Understanding [...]

By |2024-07-29T02:08:38-04:00July 29th, 2024|Blog, Tax Strategies, Taxes|

These 3 Tax Strategies Could Help Your Retirement Strategy

Have you been considering the impact taxes will have on your retirement savings? Have you been strategic in managing the effect taxes may have on your financial future? If you answered no to either of these questions, you may want to take a look at the following tax planning ideas. Consider a Roth IRA You [...]

By |2024-01-08T08:05:46-05:00January 8th, 2024|Blog, Tax Planning, Tax Strategies|

Take Advantage of These Tax Strategies Before the Year Ends

We’re coming up on the end of the year, and while it’s a time to take a break and enjoy the holiday season, it’s also a good time to consider tax strategies that may benefit you. Because taxes are calculated from January 1st to December 31st of each year, and certain retirement rules and laws [...]

By |2023-11-13T11:02:09-05:00November 13th, 2023|Blog, Tax Planning, Tax Strategies|

Retirement Tax Strategies to Consider

How you handle taxes and when you are taxed are two of the most important factors when it comes to retirement planning. If you are putting together the puzzle pieces of your retirement plan and you are curious about some strategies related to taxes and retirement, here are some possible options: Consider a Roth IRA [...]

By |2023-07-17T09:48:32-04:00July 17th, 2023|Blog, Retirement Planning, Tax Planning, Tax Strategies|

3 Tax Optimization Strategies to Remember for Retirement

As you plan for retirement, it's important to consider tax optimization strategies to minimize your tax liabilities. Here are three key ways to optimize taxes in retirement, based on information from sources published between 2022 and 2023. Consider the Tax Structure of Your State and Locality Consider living in a tax-friendly state.[1] Many states offer [...]

By |2023-06-12T13:42:20-04:00June 12th, 2023|Tax Planning, Tax Strategies|

Can You Turn Investment Losses into Tax Gains?

When markets take a spill, especially when it comes to your retirement investments, it’s harder to find ways to meet your financial goals. If you were relying on IRA or 401(k) withdrawals to cover your expenses, doing so when markets are down would decrease the lifespan of your savings. And if you’re nearing retirement, market [...]

By |2023-07-11T19:24:26-04:00November 7th, 2022|Investment Strategies, Stock Market, Tax Strategies|