So What Exactly IS a Roth Conversion?
The Basics and Benefits When it comes to retirement planning, the term “Roth conversion” often comes up, but its intricacies can be elusive. Simply put, a Roth conversion is a …
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Adapting to the New Stretch IRA Rules: A Simplified Guide for Savvy Investors
If you’ve been paying attention to the world of retirement planning, you’re likely aware of the changes to stretch IRAs due to the SECURE Act. While these alterations may seem …
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Texas Educators, Here’s How to Add $500,000 to Your Retirement
Retirement planning can often seem like a complex puzzle, but there’s a strategy that could significantly enhance your retirement income. It’s known as the ‘Last 60-Month Rule’, a part of …
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What Will Be Your Legacy?
Only one-third of adults have an estate strategy document, such as a will, in place – which may not be entirely surprising. No one wants to be reminded of their …
Audit-proof Charitable Deductions
Charitable contributions provide not only an opportunity to make a positive impact but also a chance to save on taxes. However, it’s essential to navigate the rules carefully to avoid …
Unraveling the Impact of Interest Rates, Inflation, and Taxes on Investment Returns
In my role as a Wealth Management Professional, it is crucial to address investor concerns about interest rate fluctuations and their impact on investment choices. One common question that arises …
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Demystifying Social Security Taxation: What You Need to Know
As a financial advisor, one of the most common questions I receive from clients is, “Will my Social Security benefits be taxed?” Understanding how Social Security benefits are taxed can …
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The Tax Advantages of S-Corporations Over Self-Employment
As a financial advisor, I often come across clients who are exploring the best business structure to meet their financial and tax needs. One popular option is the S-corporation, a …
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Qualified Charitable Distributions: A Smart Way to Give Back and Save on Taxes
Qualified Charitable Distributions (QCDs) offer an effective and tax-efficient way to give back to the community while reaping financial benefits. These distributions allow individuals aged 70½ or older to donate …
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What Is FDIC Insurance?
It’s natural to wonder exactly how a bank safeguards your money. Fortunately, the Federal Deposit Insurance Corporation (FDIC) insurance exists for this very reason: to help protect your funds once …