How Your Kids Can Lower Your Taxes
Your children can help you lower your tax bill. Don't be afraid to take advantage by hiring them and gifting them money in a UGMA/UTMA.
Your children can help you lower your tax bill. Don't be afraid to take advantage by hiring them and gifting them money in a UGMA/UTMA.
I had the opportunity recently to read Charley Ellis's Winning The Loser's Game. This is an investment classic and should be required reading for anyone who is either picking their own stocks or tryin...
The decumulation stage is far more complicated than the accumulation stage, but utilizing tax diversification wisely can add real value for you and your heirs.
Insurance agents sell policies by scaring you about future tax rates and advocating you invest in insurance to get to a 0% tax bracket in retirement. Beware!
Sometimes, smart people simply aren't aware of the financial issues they need to take care of. New physicians either need to do their own financial planning, or pay someone else to assist them with i...
By Konstantin Litovsky, Guest Writer When we talk about retirement plans, specifically the 401(k) plans, we always have in mind participant-directed plans in which all plan participants get their own...
Nearly every educated financial advisor agrees that tax diversification is a great idea when planning for your distributions in retirement. Tax diversification means having some of your assets in tax...
Profit-Sharing Plan too expensive? Try the Mega Backdoor Roth IRA as a small business retirement plan.
Q. How can I tell if it will be beneficial to start a 401K/Profit-Sharing Plan for my solo practice? I have several employees. At what point am I better off investing in a taxable account instead of...
How much money do you really save by using a 529? You get the benefits of tax-free growth, tax-free rebalancing if needed (probably not since you can usually rebalance simply with new contributions),...
From time to time the big mutual fund/brokerage houses come out with a study using the data they obtain from their 401(k), IRA, and/or brokerage data. The conclusion of the study, unsurprisingly, is u...
Your retirement date is critical to ensuring a comfortable retirement. Consider these factors and choose your date wisely if it's under your control.
[I always find it amazing how little you hear in the news and other media about asset classes with recent poor performance. Asset classes like gold and emerging markets had a rough year last year, esp...
[Editor's Note: This article was originally published in the ACEP Young Physicians Section Newsletter a few months ago. There isn't an electronic copy of the newsletter to link to, so I've decided to...
By Dr. Jim Dahle, WCI Founder Let's say you've done very well for yourself and you're going to have an estate tax problem. Your estate will be more than $5.34 Million ($10.68 Million if married) when...