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February 15, 2012
Did you know that there’s a wealth-transfer technique you can use to reduce your taxable estate and keep more of your assets for your heirs? You can make annual gifts of up to $13,000 ($26,000 per married couple) to as many people as you wish without incurring federal gift taxes. An example: A married … Read More: Gifting: a win-win proposition December 13, 2011
How many retirement accounts do you have? If you’ve changed jobs a few times throughout your career, you could have several accounts housed in different employers’ plans. While it is certainly acceptable to leave money in an old plan, in some cases it may be a better idea to consolidate your assets. (If your … Read More: Is it Time to Roll Over Your Retirement Accounts? November 9, 2011
by Andrew Mark, CPA While no one likes paying taxes, it can be more palatable when you can designate where the money goes. Arizona offers a number of dollar-for-dollar credits you can take on your income-tax return. It doesn’t matter if you owe money or get a refund; but you must have Arizona … Read More: Decide Where Your Arizona Tax Dollars are Spent October 26, 2011
1. Consider tax-managed or tax-efficient investment accounts and mutual funds. These are managed in ways that can help reduce their taxable distributions. Investment managers can employ a combination of tactics, such as minimizing portfolio turnover, investing in stocks that do not pay dividends, and selectively selling stocks that have become less attractive at a … Read More: 3 Strategies for Tax-Efficient Investing October 6, 2011
As just about every investor knows, it’s not what your investments earn, but what they earn after taxes that counts. Reducing your tax liability is key to building the value of your assets, especially if you are in one of the higher income-tax brackets. Investing in tax-deferred and tax-free accounts is one way to … Read More: Reducing Your Tax Liability |
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