The Secure 2.0 Act, signed into law at the end of 2022, intends to make retirement saving more attainable and accessible.
Financial Perspectives
Tax planning and preparation resources
A thoughtful approach to taxes and their impact can help keep your financial plan on track.
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Take advantage of IRA tax benefits.
A financial professional can help you align your tax strategy with your financial plan.
Quick reference tax planning guide
Stay on top of the current tax rates and other information you’ll need for tax planning and preparation.
Latest tax and legislative updates
Tax law changes can impact your financial plan. Get details on legislation that may affect your tax bracket, deductions, retirement savings and more.
The TCJA is set to sunset at the end of 2025, and if Congress fails to act, tax provisions will revert to what they used to be. Here’s how to prepare.
Tax deductions and credits
Should you take the standard deduction or itemize? Do you know what taxes apply to you? Is it possible to lower your taxes? These articles will help you be fluent in essential tax topics.
Depending on your situation, you could save more by skipping itemizing and taking the standard deduction.
The best way to minimize your tax liability is to reduce your taxable income. Here are 12 ways to do that.
The AMT was created to make sure taxpayers in higher tax brackets pay their fair share of taxes. Here’s how it could affect you at tax time.
Tax planning isn’t a once-a-year activity. Learn how you can be more strategic about your taxes year-round.
Taxes and investing
Being intentional about your investments with regard to tax impacts will ensure you’re prepared when tax time comes around. It may even reduce your overall tax burden.
Using a variety of investment accounts and financial strategies may help reduce the taxes you pay over your lifetime.
Understanding your portfolio’s tax characteristics is a step toward more efficient investing.
Capital gains tax kicks in when you sell a capital asset and realize a profit. A financial professional can help you design a tax strategy that minimizes your capital gains tax exposure.
Taxes and charitable giving
Charitable giving and other tax-deductible donations support the causes you care about while reducing your tax burden. With the right strategies your money can do more.
You have tremendous flexibility in choosing how to give. A charitable giving strategy can help you achieve the impact you envision and take advantage of tax benefits along the way.
Qualified charitable distributions and gifts of appreciated stocks offer prime opportunities to enhance your giving and potentially take advantage of greater tax savings.
Taxes and retirement
Different retirement accounts have different tax advantages, so keep taxes – and how you want to use the money – in mind when choosing between them.
You’ve worked hard to save money for retirement, but do you have a plan in place for spending it?
Don’t overlook the impact of taxes as you plot out your retirement income strategy.
If you have an IRA or have contributed to an employer-sponsored retirement plan, it’s vital to know the rules around RMDs, including deadlines and how to calculate required minimum distributions.
Taxes and your estate
Taxes can significantly affect the assets you plan on passing on to the people or causes you care about. Review strategies that may help you reduce or eliminate estate taxes for your heirs.
If your assets are worth over a certain amount when you die, they could be subject to estate tax. Fortunately, there are ways to reduce your tax liability and protect your hard-earned wealth for future generations.
What you need to know about the intricacies of inheritance tax and how to maximize your legacy for your loved ones.
Separate from the estate tax, the GST tax kicks in when you “skip” a generation of heirs when handing down assets.
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