Does that 5-year Roth clock start with every Roth conversion? Plus, a Social Security, Medicare, IRMAA, Roth conversion retirement spitball, a self-employed retirement savings and tax planning spitball, and Delaware Statutory Trusts, security-based loans, charitable remainder trusts, and other charitable giving strategies explained. Also, will your portfolio grow faster with the help of a financial advisor? And if you’ve got a smokin’ hot wife 8 years your junior and you want to retire on the same day at ages 70 and 62, are there other financial considerations, or are you just bragging?
‘Tis the season to give and to get back! Alan Clopine, CPA lists many ways to maximize your tax deductions when giving to charity by using donor-advised funds, bunching donations, qualified charitable distributions, charitable remainder trust, charitable gift annuity, gifting appreciated stock, and much more. DOWNLOAD | 2021 TAX PLANNING CHECKLIST Subscribe to our YouTube […]
Donor-Advised Funds – The gift that gives back! William Hodapp, CFP®, CPA, AIF® explains how you can support your favorite charity, get a tax deduction, and potentially grow your contribution to benefit charities even more. DOWNLOAD | 2021 TAX PLANNING CHECKLIST Subscribe to our YouTube channel. IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services […]
‘Tis the season to give and get back! Americans give billions of dollars to charitable organizations throughout the year. While most of us know that you can get a tax deduction from giving, do you know how to maximize that tax deduction? In this guide, you’ll learn how to maximize your tax deductions when giving […]
Backdoor Roth IRA withdrawal rules and the mechanics of the mega backdoor (dump truck!) Roth. Can you still contribute to a Roth after a rollover? How do you calculate Roth conversion taxes due to the pro-rata rule? Also, how to calculate your retirement number for a long retirement or by age; a radical portfolio rebalance; […]
When does the real estate depreciation 121 exclusion happen and how do you account for rental property equity, or cap rates, to calculate retirement income? Plus, estate planning beneficiaries and charitable donations, stock market investing in an LLC, understanding the national debt, the differences between Roth 401(k) and traditional 401(k), and of course, Backdoor Roth […]
No one likes to think about life after they are gone, but it can you give some valuable peace of mind to know that your loved ones are taken care of after your days on this planet have ended. We asked financial professionals Joe Anderson and Alan Clopine how to utilize a stretch IRA and […]