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8 01, 2021

Tax-Aware Investing: Keep More of Your Gains Without Greater Risk

By |2021-01-21T22:41:05-07:00January 8th, 2021|Categories: Tax Diversification, Tax Planning|Tags: , , , |0 Comments

Investors are often concerned about minimizing transaction costs that can eat into their gains, without realizing that taxes can take an even bigger bite out of returns. Tax-aware investment management offers some protection. This is an active investment approach that aims to maximize after-tax returns. It relies on careful construction of a portfolio and proactive

20 11, 2020

Why an ETF is Better Than a Mutual Fund

By |2020-11-29T00:00:48-07:00November 20th, 2020|Categories: Financial Guides, Retirement Planning, Tax Diversification|Tags: , , , |0 Comments

Investors looking for an easy way to buy a diversified portfolio used to opt for mutual funds. Today, exchange-traded funds (ETFs) are an increasingly popular option offering several benefits. Both vehicles invest shareholders’ combined money in a broad set of assets, which provides the safety of diversification without the stress of buying and selling individual

16 10, 2020

Real Estate Investments Yield Low-Tax Income

By |2020-10-19T08:16:52-07:00October 16th, 2020|Categories: Tax Diversification, Tax Planning|Tags: , , , , , |0 Comments

It’s a sad fact of the tax code that the more money you make, the more you owe to the tax man. That’s especially true if you’re self-employed and paying the entire 15.3% Federal Insurance Contributions Act (FICA) tax for Social Security and Medicare yourself. Investing in real estate, however, can bring in extra income

9 09, 2020

Retirement Fund Rollovers: Watch the Calendar and Follow the Rules

By |2020-09-11T02:29:32-07:00September 9th, 2020|Categories: IRAs, Retirement Planning, Tax Planning|Tags: , , , , , , , |0 Comments

There are many reasons why you might want to move your retirement savings to another account.  Maybe you want to invest with a company with better performance. Maybe you changed jobs and want to bring past accumulations with you to a new plan. If you’re among the millions who lost a job as the economy

2 09, 2020

What to Know About Health Savings Accounts (HSAs) in 2020

By |2020-09-07T01:00:05-07:00September 2nd, 2020|Categories: Retirement Planning, Tax Diversification, Tax Planning|Tags: , , , , , |0 Comments

Since health savings accounts (HSAs) were introduced in 2004 as part of the Medicare Prescription Drug, Improvement and Modernization Act, they have surged in popularity as a flexible way for numerous Americans to reduce taxable income and save for future medical expenses. But since the IRS establishes new rules governing HSAs each year, it’s important

26 08, 2020

Limiting Your Post-Retirement Tax Bite

By |2020-09-03T00:46:12-07:00August 26th, 2020|Categories: Retirement Planning, Tax Diversification, Tax Planning|Tags: , , , , , |0 Comments

Saving for retirement in tax-deferred vehicles is a great way to reduce your tax burden today. But it’s also important to limit the tax bite out of your hard-earned savings later by creating a stream of tax-free retirement income. By most estimates, income tax rates will likely rise in the future. Current rates set in

19 08, 2020

Saving for College? Consider Using a Life Insurance Retirement Plan (LIRP) as an Alternative to a 529 Plan

By |2020-08-20T02:43:28-07:00August 19th, 2020|Categories: Tax Diversification, Tax Planning|Tags: , , , |0 Comments

As the costs of higher education continue to rise, many parents worry about how they will pay for their kids’ educations without requiring them to borrow staggering amounts in student loans. In order to save for future tuition expenses, some families use a tax-advantaged tool called a 529 plan. While 529 plans offer a variety

24 07, 2020

Converting to a Roth? Don’t Dip into Your Traditional IRA to Pay the Taxes

By |2020-07-24T00:42:03-07:00July 24th, 2020|Categories: IRAs, Tax Planning|Tags: , , , , , , |0 Comments

Converting a traditional Individual Retirement Account to a Roth IRA offers tax advantages in certain situations. It is most advantageous when you can pay any resulting income taxes without using funds from the traditional IRA. Contributions to Roth IRAs have already been taxed, so they grow tax-free. That means withdrawing from a Roth IRA after

17 07, 2020

The Downside of a Large Tax-Deferred Nest Egg

By |2020-07-17T23:57:51-07:00July 17th, 2020|Categories: Retirement Planning, Tax Planning|Tags: , , , , , , |0 Comments

You’ve been saving aggressively in an IRA or 401(k) plan for your whole career and you’re set up well for retirement. Or are you? If you’ve built up a large nest egg only or mostly in tax-deferred accounts, you may give up too much of your hard-earned savings to taxes when you begin withdrawing from

14 07, 2020

Roth Distribution Rules Help Minimize Taxes and Penalties

By |2020-07-15T00:19:36-07:00July 14th, 2020|Categories: IRAs, Tax Planning|Tags: , , , |0 Comments

Roth IRAs are a great way to balance out your retirement portfolio with assets that can offer a tax-free source of income. Specific rules governing distributions that enhance tax breaks—and a growing list of exceptions to early penalty rules—make Roth IRAs a handy asset to have in your investment toolbox. The biggest and best-known advantage

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