We’ve witnessed that the most successful investors were those that had a financial plan and didn’t deviate from that plan when high volatility showed up. Here’s some coverage on what we, you, and the market can do while we hunker down at home, and wait for better days.
What can you do NOW to minimize your taxes going forward? Tax payment fatigue is real, but with a little planning, you can reach your long-term goals without getting strung out by the process.
The SECURE Act provides a mixed bag of incentives and obligations for retirement savers and service providers alike. Its intent is to make it easier for families to save more for retirement. That said, “easier” doesn’t necessarily mean less complicated.
As a smart investor, you want to maximize opportunities to grow your wealth and to take advantage of every financial tool available to make that happen. You also want to give back to your community through charitable giving. So how can you accomplish both?
If you're an attorney or similar high-end professional earning $400,000+/year, let's face it: Your basic tax-advantaged retirement contribution limits won't cut it.
You may be able to leverage your retirement plan contributions to lower your annual income, while also taking advantage of the QBI deduction and score some significant additional tax savings as a “reward” for doing something you’d love to be doing anyway: saving for retirement.