2023 Last Minute Tax Savings Ideas


As you approach the year's end, it's so important to consider ALL potential tax strategies to optimize your financial situation. Here are some considerations to guide your decisions: Defer Income to 2024: Consider all opportunities to defer income to 2024, especially if you anticipate being in a lower tax bracket. Ideas: postpone receipt of a [...]

2023 Last Minute Tax Savings Ideas2023-12-06T15:49:16-08:00

Top Tips for Individuals from New Secure Act 2.0


Get informed on the SECURE 2.0 Act The SECURE 2.0 Act is a bipartisan comprehensive retirement legislation signed into law on December 29, 2022. Here are some interesting takeaways that might impact you: Required minimum distribution (RMD) age increases from 72 to 73 The age 72 trigger for taking RMDs is raised to age [...]

Top Tips for Individuals from New Secure Act 2.02023-03-20T17:15:54-07:00

Maximizing Retirement Income


Doing Some Tax Planning Now Can Pay Off Later in Retirement For many people, retirement is not a time to slow down and stop. It’s a time to explore the next great chapters of your life and build upon everything you’ve learned and experienced so far.  Another thing that doesn’t slow down or stop [...]

Maximizing Retirement Income2023-11-20T15:56:59-08:00

Switching Jobs? Managing Your Retirement Plan – IRA rollover and other options


Changing jobs can impact your 401k retirement plan. To minimize disruptions to your contributions and the vested portion of your previous employer’s contributions, it’s important to understand the choices you may have when you make a career transition. We offer the following key considerations: Option 1: Stay Your previous employer may allow you to [...]

Switching Jobs? Managing Your Retirement Plan – IRA rollover and other options2021-03-18T16:20:27-07:00

Optimizing Required Minimum Distributions (RMD)


Seventy-two is an important age milestone for those in or near retirement, as it marks the time when required minimum distributions (RMDs) begin to be withdrawn annually from IRAs and employer-sponsored retirement plans (previously, the threshold was 70 ½). The milestone carries with it tax consequences that are not fixed. Rather, there are a [...]

Optimizing Required Minimum Distributions (RMD)2021-03-01T16:08:06-08:00

Retirement in Motion – Tips Everyone Can Use


Boomers on the Brink: Issues Affecting Participants as They Approach Retirement Estate planning is not just for millionaires Having a core set of current planning documents, including a will, power of attorney and health care proxy, is critical to ensuring your wishes are carried out after you die. The operative word is “current.” You need [...]

Retirement in Motion – Tips Everyone Can Use2016-12-14T17:05:20-08:00

72(t) Distributions


Sometimes you can take penalty-free early withdrawals from retirement accounts. Do you need to access your retirement money early? Usually, anyone who takes money out of an IRA or a retirement plan prior to age 59½ faces a 10% early withdrawal penalty on the distribution. That isn’t always the case, however. You may be able [...]

72(t) Distributions2016-12-14T17:06:28-08:00
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