Taxes in Retirement
Bob Carlson of Retirement Watch on how to manage your taxes and planning strategies to pay less
Found 452 Articles.
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15 Ways to Increase After-Tax Income in Retirement
Interest rates have increased since late 2017, but not enough to help most retirees. Traditional retirement income investments still pay yields near historic lows. Yet, risks are high because interest rates are rising and investors seeking yields have stretched the values of high-yielding investments. In this seminar, you’ll learn how to navigate this difficult situation. […]
Making Sure You Properly Changed Your State Of Tax Residence
In the April issue of Retirement Watch, I explain the steps to take to ensure you’ve legally changed your state of residence. If you don’t take the right steps, a state you thought you moved from might try to assess income taxes on you or estate taxes on your estate. Here’s the most recent case […]
IRS Clarifies That a Lot of Home Equity Mortgage Interest Still Is Deductible
The tax code and your bank might disagree on whether or not you have a home equity loan, and the difference could reduce your taxes. The Tax Cuts and Jobs Act eliminated home equity interest deductions on individual tax returns for years after December 31, 2017. It doesn’t matter when the loan was taken out. […]
Tax Diversification for Retirees: Use It to Make Tax Reform Even Better
Tax reform made tax diversification even more valuable and important. Tax diversification allows you to manage your tax bracket by planning and controlling distributions during retirement. When properly done, under the new tax rate tables, many middle-income retirees will be able to stay in the 0% federal income tax bracket for most of retirement. To […]
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The Tax Smart Way to Sell Stock & Fund Shares in Retirement
Far too many investors give the IRS far too much of their money. Why? Because they don’t know a few simple rules. Chances are, you already know the basics of computing capital gains taxes when you sell shares, stocks and mutual funds. You have a gain or loss that is determined by subtracting your tax […]
How to Maximize Charitable Giving Tax Benefits in the New Tax Reform Law
Many savvy taxpayers will change their charitable giving strategies… now that they’ve had time to process the Tax Cuts and Jobs Act of 2017. For years I’ve advised that writing checks to charities each year, or more frequently, is an inefficient way to donate. It’s even less efficient now. The latest tax law made several […]
Saving Your Charitable Contribution Deductions from Tax Reform
Many savvy taxpayers will change their charitable giving strategies after the Tax Cuts and Jobs Act. For years I’ve advised that writing checks to charities each year or more frequently is an inefficient way to donate. It’s even less efficient now. The latest tax law made several key changes that can reduce the tax benefits […]
Minimizing Taxes on Sales of Mutual Funds, Stocks
The House of Representatives’ version of the 2017 tax reform caused a panic among many tax and financial advisors, because it would have effectively increased capital gains taxes on many investors, especially retired investors. Fortunately, the change didn’t make it into the final law. Savvy investors retain some control over the amount of taxes they […]
