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New Roth conversion strategy may help retirees minimize taxes
Taking advantage of pre-tax retirement savings within a 401(k) or similar account is a great way to reduce your current taxable income while socking away funds for the future. With ... -
5 financial rules of thumb to consider breaking
Wouldn't it be nice if financial planning was simple and the same financial strategies were applicable to most everyone? Unfortunately, there are no cookie-cutter approaches to financial management. From investment ... -
Worst states to die from an estate tax perspective
Fewer estates are subjected to the federal estate tax than ever before. The Brookings Institute estimates that only 1 in 700 taxpayers end up paying any federal estate taxes. Unfortunately, ... -
Strategies to minimize investment tax liability
As taxpayers wrap up their returns for 2014, many have been faced with paying higher taxes on their investments. The run-up in the markets over the last few years has ... -
7 financially savvy ways to use your tax refund
Year after year, taxpayers continue to overpay the Internal Revenue Service. In fact, statistics from the IRS show that almost 80 percent of U.S tax filers receive a refund check ... -
5 commonly missed tax breaks that can save you money
It is that time of year again: Tax time. W2s, 1099s and other assorted tax documents have begun to pile up as Americans prepare to file their returns in the ... -
Beware of audit red flags this tax season
Most taxpayers would rather not receive correspondence from the Internal Revenue Service – especially if it's in the form of a dreaded audit letter. While it is believed that IRS ... -
Smart money moves for 2015
The new year is often used as a time to reflect and establish goals for 2015. From health and wellness to financial and family goals, there are many areas to ... -
Now is the time for year-end tax planning
The ideal time to address 2014 tax planning is in – you guessed it – 2014. Unfortunately, many taxpayers wait until the tax preparation months of March and April of ... -
Death and taxes - Understanding how 'step-up in basis' works
It is often said the only certainties in life are death and taxes. Thanks to estate and inheritance tax, it is not uncommon for them to occur simultaneously. However, there ...
