IRMAA 2023 and Roth Conversions IRMAA stands for Income-Related Monthly Adjustment Amount. What a mouthful-She is a modest penalty for a high-income retiree to swallow. What you do now affects your IRMAA Brackets two years from now! Two aspects make […]
The Best Ways to Optimize Inheritance to Kids Inheritance. A goal for some is to leave behind money for their kids. What is the most tax-efficient way to leave money to your kids? If your goal is your kid’s inheritance, […]
Does Standard Deduction Apply to Capital Gains? There is a separate (and some would say mystical) taxation system for long-term capital gains and qualified dividends. Let’s talk about Long-Term Capital Gains Tax and how the standard deduction applies to capital […]
Tax Rate Arbitrage and Roth Planning Tax rate arbitrage is the most important concept in retirement planning. You must understand tax rate arbitrage to buy the government out of your retirement. When should you harvest/accelerate income, and when should you […]
Non-Deductible IRA vs. Brokerage Account Which is better: investing in a non-deductible IRA or a Brokerage account? Well, after-tax contributions to a traditional IRA are a common problem. These results in basis in your IRA. That is, you have money […]
Tax Strategies for Retirement – The Tax Planning Window What are the best tax strategies for retirement? First, we will discuss the tax planning window, and the optimal time to do tax management strategies in retirement. Next, not infrequently, that […]
I Want an Estate Tax Problem! SLATs If you have succeeded in your gathering and protection of assets, you just may have a Federal Estate Tax problem. Consider a SLAT. How about that for a new financial goal: I want […]
Deep dive into Asset Location Optimization and Tax-Efficient Fund Placement. This is Asset Allocation in Multiple Accounts!
Tax Gain Harvesting Examples and FAQ Should you Tax Gain Harvest? Maybe! Let’s explore if you can and how to harvest capital gains and find out if it is worth the hassle. When is Tax Gain harvesting right for […]
