Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Taxes in Retirement

Bob Carlson of Retirement Watch on how to manage your taxes and planning strategies to pay less

Found 185 Articles.
Get access to 314 articles by subscribing to Retirement Watch and Retirement Watch Spotlight Series.

year-end-tax-planning

Year End Tax Planning for Possibly Reduced Taxes

October 1, 2008

This could be an especially profitable year to do year-end tax planning. The elections might lead to major income tax changes in 2009, and the gyrations of the markets provide some investors with tax planning opportunities. Tax planning is best done two years at a time. Taxpayers usually have flexibility over when to recognize some […]

2008-election-and-your-tax-planning

2008 Election and Your Tax Planning

September 1, 2008

The Presidential election is approaching. We cannot forecast a winner, but we can make judgments about how the tax law will change starting in 2009 and steps you should consider today in light of the likely changes. Some wealthy people already anticipate big changes and are making tax-saving moves this year. For, example, the announcement […]

how-the-new-tax-law-affects-homeowners

How the New Tax Law Affects Homeowners

September 1, 2008

Congress passed a housing assistance law in July, but some tax rules buried in the law did not receive much attention. Some homeowners will be affected, especially those with second homes or rental houses. In 1997 the home sale rules were overhauled. On a primary residence, the first $250,000 of capital gains are excluded from […]

tighter-rules-for-charitable-contribution

Tighter Rules for Charitable Contribution

August 1, 2008

As readers ready their year-end tax plans, they need to keep in mind recent changes in charitable contribution deduction rules. Congress tightened the rules in the Pension Protection Act of 2006, and the rules affect deductions for most types of charitable contributions on this year’s tax returns. Cash donations. Proper documentation now is needed to […]

SUBSCRIBE TO RETIREMENT WATCH

What you don’t know about retirement can hurt you. In fact, just a few wrong decisions in your investments, taxes, or estate planning could completely derail your retirement plans. Worse yet, the rules of the game keep changing, making it harder to keep up. For these reasons, I’ve assembled all the key points – everything you need to know — into one comprehensive report. Click here today for free access.

are-charitable-trusts-better-than-stretch-iras

Are Charitable Trusts Better Than Stretch IRAs

July 1, 2008

Owners of large IRAs search for ways to maximize the after-tax amount of the IRAs that will benefit their loved ones. In the past we have demonstrated that unconventional strategies often increase the after-tax amount heirs receive. Sometimes it makes sense for an IRA owner to empty the IRA early, pay the taxes, invest the […]

why-triple-tax-benefits-are-not-for-everyone

Why Triple Tax Benefits Are Not For Everyone

May 1, 2008

Few tax strategies provide as many benefits as charitable remainder trusts. The trusts generate a current income tax deduction, remove assets from the estate, shelter asset appreciation from capital gains taxes, and provide income for life or a period of years. Yet, CRTs are a paradox. On the one hand, they seem underused. Many people […]

how-to-beat-the-retirement-tax-ambush

How to Beat the Retirement Tax Ambush

March 1, 2008

The days of tax advantages for retirees are long gone. In the old days, most people could count on being in a lower tax bracket in retirement than during their working years. Now, many people stay in the same tax bracket. For other retirees the marginal tax rate (the rate on the last dollar of […]

taking-advantage-of-the-0-tax-rate-2

How to Take Advantage of the 0% Tax Rate

February 1, 2008

We are finally here. It is 2008, the year the tax rate drops to 0% for some taxpayers on some types of income. We covered this tax break a couple of times over the last few years. In this visit we review who can take advantage of the 0% tax rate and the different strategies […]

Log In

Forgot Password

Search