The Fate of Backdoor Roth IRAs – Your Question Answered October 4, 2021 Financial Planning Biden tax plan, financial planning, roth ira, tax hikes, tax planning, Weekly Question This week’s reader question: What’s the upshot of the Biden administration’s tax proposals, and what should we be most concerned about going forward? The Biden administration maintains that any tax increases would only affect households earning $400,000 or more per year. From our read on the tax proposals released by the … Read Morekeyboard_arrow_right
The New Child Tax Credit FAQ August 9, 2021 Financial Planning Biden tax plan, Child Tax Credit, financial planning, taxes This week’s reader question is about the child tax credit for 2021: What should I know about eligibility and financial planning implications for the new child tax credit? The American Rescue Plan made significant updates to the child tax credit for 2021 that could dramatically lower the tax bills of families … Read Morekeyboard_arrow_right
Getting Ready for Higher Taxes June 1, 2021 Economy and the Markets Biden tax plan, capital gains tax, Estate tax, tax hikes, taxes This week’s reader question is about future tax hikes: What does the Biden tax plan mean for investors? Should I be making changes to my financial plan or portfolio at this point? The first thing to remember is that all the tax hikes you’ve been hearing about—except those already passed in … Read Morekeyboard_arrow_right