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Taxes in Retirement

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

Found 402 Articles.
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Deducting Variable Annuity Losses

December 1, 2002

A big tax issue for many investors is whether or not losses in a Variable Annuity are deductible. It is possible to deduct a variable annuity loss. There is some disagreement, however, over where on the tax return to deduct the loss. To deduct the loss, the annuity has to be sold (liquidated). Shifting investments […]

the-best-charitable-strategy

The Best Charitable Strategy

November 1, 2002

The greatest charitable giving innovation of the last decade might be the donor-advised fund. These funds actually have been around for some time, but they were concentrated on the local level. Few national funds existed, promotion of the funds was almost non-existent, and no effort was expended to make the funds accessible to most people. […]

withdrawals-during-retirement

How To Take Withdrawals At Retirement

October 1, 2002

Retirees don’t receive much advice on the best ways to take distributions from their investment accounts after retirement. Financial firms have a wealth of easy-to-find information on saving through taxable and various tax-advantaged accounts. Yet they don’t seem interested in helping you decide how to plan withdrawals from the accounts. Most Americans have their retirement […]

underwater-investments

Five Strategies for Underwater Investments

August 1, 2002

We’ve done better than most investors since the market peak in March 2000, including the most recent market decline. Even so, you still might own some underwater investments, especially in your Core Portfolio. For example, American Century Income & Growth has declined with the general market. These underwater investments can be used productively to minimize […]

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Deductions For Diets?

August 1, 2002

The IRS surprised tax advisors and generated a lot of headlines last spring by expanding tax write offs for weight loss programs. In the past, the IRS had ruled that no part of the cost of weight loss programs was deductible. The new ruling reverses that, expanding the medical expenses that are potentially deductible by […]

strategies-to-reduce-alternative-minimum-tax

Strategies to Reduce Alternative Minimum Tax

June 1, 2002

This year for the first time Renee and I were hit by the alternative minimum tax. A large capital gain, over which we had no control, triggered this tax and increased our bill. Many of you recently had the same experience, and many others will in the next few years. More people will pay this […]

when-to-begin-social-security

When To Begin Social Security?

May 1, 2002

Big changes are coming to Social Security. I don’t mean anything Congress or the President might do. These changes were put in place in the 1980s and are just taking effect. These changes affect the retirement of everyone who won’t begin receiving Social Security benefits by the end of 2002 and will influence when people […]

Maximize Your Interest Deductions

May 1, 2002

Most of us prefer to be debt-free. If you do borrow, a loan against your home often is the least expensive debt. A mortgage also maximizes interest deductions, which further reduces the cost. Borrowers need to learn a few tricks to boost cash flow and to avoid some traps set for unwary taxpayers. There are […]

February 2022:
Congress Comes for your Retirement Money
A devastating new law has just been enacted, with serious consequences for anyone holding an IRA, pension, or 401(k). Fortunately, there are still steps you can take to sidestep Congress, starting with this ONE SIMPLE MOVE.
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