Tax

Let the Debate Begin: Waiting for Tax Reform Details

Now that your 2016 tax return is behind you, you might be thinking about how tax reform changes expected under the Trump Administration might affect you. We are expecting a big announcement tomorrow, but despite some advance hype of “massive” changes, we’re likely to get only minimal details. The tax code is 4,029 pages and […]

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Planning in the New Year

You all know I love to plan. The power of planning comes from setting your intention, and taking action to make it happen. It’s about dreaming, but it’s more about doing. Starting a new year is a perfect time to set your intention on how you want to affect the world outside your personal sphere. […]

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A Post-Election Note

Like me, you may have felt that the world would look different this morning (if we even woke up at all) after the results of the presidential election. And yet, the sun rose, the day began, and here we are. What we know after the election is that our country is seriously divided. As we […]

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What Is Tax Loss Harvesting?

Part of what a good financial advisor does is help you respond to changes in our economic environment. Sometimes that includes managing your money when markets are behaving badly. No advisor has a crystal ball, and financial markets will go up and down. When they go down, what can you do about it? You can […]

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Tax-Diversify Your Portfolio Part 3: Back-Door Roth IRAs – Advanced

For those of you with income higher than the limits to contribute directly to a Roth IRA, you can still achieve tax-free savings through a “back door” Roth strategy: contributing first to a Traditional (non-deductible) IRA, followed by conversion to Roth. This “Contribute-then-Convert” strategy provides a tax efficient way to tax-diversify your accounts provided that […]

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Tax-Diversify Your Portfolio Part 2: Back-Door Roths – Contribute & Convert

The uncertainty of future income tax rates makes planning for taxes more critical.   Effective IRA planning is one way to achieve tax diversification to manage this uncertainty. As noted in Part 1 of this series, you may be limited in your ability to contribute directly to a Roth IRA. But you can use a “back door” […]

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Tax-Diversify Your Portfolio Part 1: IRAs and Roth IRAs – The Basics

We never know what the future will hold, but it is clearly possible that tax rates in future years could be higher than those we have today.  Between new taxes and higher rates, and the elimination of certain deductions, planning for tax diversification has become critical.  Effective IRA planning is one way to achieve this.  In Part […]

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