Tax Planning

Digital Tools for Tax Season

Tax season is upon us. According to the IRS, about 90 percent of taxpayers now file their taxes electronically. The agency touts the service as more accurate, convenient and secure than paper claims, and people usually receive their tax refunds faster. The IRS offers free tax filing assistance to filers who earn $54,000 a year…

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Taxes and Retirement Planning

The White House recently introduced what it billed the “biggest tax cut” in U.S. history. While a presidential tax proposal is not likely to get passed without significant changes, the fact that Republicans dominate both chambers of Congress suggests 2017 may well be a year in which significant tax reform is engineered.1 One thing should…

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What Is Tax Planning?

If you are like most people, taxes have probably been on your mind a lot lately with the April 15 tax deadline soon approaching. (If they aren’t on your mind, they will be soon.) During this time period, we all wonder how we can reduce the impact that our personal or business taxes have. With…

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What I Should Know About My Thrift Savings Plan

Thrift Savings Plans and The Investment Fund Allocation Choices As with all things, understanding the Big Picture can help tremendously in your financial goals. A Thrift savings plan, or commonly known as TSP, is a retirement program offered to Federal Employees. A Thrift Savings plan allows the employee to contribute dollars towards their retirement on…

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What I Should Know About My Thrift Savings Plan

Thrift Savings Plans and The Investment Fund Allocation Choices As with all things, understanding the Big Picture can help tremendously in your financial goals. A Thrift savings plan, or commonly known as TSP, is a retirement program offered to Federal Employees. A Thrift Savings plan allows the employee to contribute dollars towards their retirement on…

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2013 Year End Tax Tips

2013 Year End Tax Tips Now is the time to consider these 2013 year end tax tips. Consult your tax advisor to see what is best for your situation. IRA Contributions: You may want to maximize contributions  to your retirement savings.  Contributions to your IRAs, 401(k)s, TSAs, and other plans will not only reduce your…

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2013 Fiscal Cliff how will it affect you?

2013 Fiscal Cliff is a major concern for many.  We know that if congress does not act the Bush tax cuts will end this year.  The current rates are (10%, 15%, 25%, 28%, 33%, and 35%) the new rates will be (15%, 28%, 31%, 36%, and 39.6%).  Capital gain rates and dividend rates will be…

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Tax Planning and Greater Returns

Tax planning is the biggest over looked area when it comes to individual investing.  Many advisors are so busy chasing returns that they lose sight of the things that they can actually control to help boost your returns.  Let’s first talk about turnover ratio in your mutual funds.  Turnover ratio is the amount of buying…

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