Estate Planning Resources in ONE Location May 3, 2022 Financial Planning estate planning, taxes, trusts Put your personal affairs in order using our comprehensive estate planning resources, including detailed checklists—organized in one location.Read Morekeyboard_arrow_right
Charitable Giving: Going Big and Paying Less April 25, 2022 Charitable Giving charitable giving, financial planning, taxes Charitable giving is one of the best ways to leave a legacy or support a worthy cause. Those are reasons enough to give, but as wealth managers, we also appreciate that donating to charities can reduce your tax bill. When you contribute to an IRS-recognized charitable organization, the sum can be deducted … Read Morekeyboard_arrow_right
Tips for Tax-Loss Harvesting April 4, 2022 Financial Planning Cathy Lee, stock market, Tax efficient investing, Tax-loss harvesting, taxes, Weekly Question This week’s reader question: What is the best way to think about tax-loss harvesting—what are your thoughts on timing and best practices? Cathy Lee, Tax Associate, had this to say: Tax-loss harvesting—selling a losing investment to reduce your tax obligations—can help minimize taxes by offsetting capital gains and up to $3,000 … Read Morekeyboard_arrow_right
Federal Gift Tax vs. California Inheritance Tax March 22, 2022 Estate Planning estate planning, Estate tax, taxes Taxes are already complicated. Add gift and inheritance taxes to the mix and it can leave you and your loved ones feeling overwhelmed.Read Morekeyboard_arrow_right
Tax Tips for Switching ZIP Codes February 14, 2022 Taxes taxes In a previous post, we touched on the nuances of changing your domicile. Now, let’s take a deeper dive into tax advantages and financial considerations. Estate & inheritance tax. The IRS exempts taxes on estates valued at $12.06 million or less at the time of passing for individuals (a … Read Morekeyboard_arrow_right
Chart of the Week: 401(k) and Gifting Limits Raised for 2022 November 15, 2021 Financial Planning 401(k), Chart of the Week, Jeff DeMaso, taxes One upside to rising prices is that they’ve prodded the Internal Revenue Service (IRS) to boost a few cost-of-living adjustments for tax year 2022. This means workers can save up to $20,500 in their company-sponsored 401(k) plans next year (a boost of $1,000 over 2021), as you can see in the chart … 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
Are ETFs More Tax-Efficient? Not at Vanguard June 9, 2021 Adviser Fund Update capital gains tax, ETFs, factor funds, financial planning, Investing, taxes, vanguard Are ETFs More Tax-Efficient? Not at Vanguard In April, we parsed every Vanguard and Fidelity fund and exchange-traded fund (ETF) to highlight the most (and least) tax-efficient among them. This week, we look at how ETFs and funds differ in how their tax status impacts your portfolio’s bottom … 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
Whiplash Economy, Travel Lane Stock Market June 1, 2021 Weekly Update 529 plans, capital gains tax, inflation, oil, spacs, taxes Please note: This update was prepared on Friday, May 28, 2021, before the market’s close. Wall Street prepared to end the sunny month of May in the black, despite mixed data this week revealing a fair-to-middling economic recovery experiencing pandemic-related whiplash. While inflation spiked, personal incomes dropped double digits, durable goods orders … Read Morekeyboard_arrow_right
Will the Proposed Capital Gains Tax Hike Impact Investors? May 3, 2021 Economy and the Markets biden administration, capital gains tax, tax hikes, taxes On Thursday, April 22, markets abruptly sold off on news that President Biden was considering raising capital gains taxes on investors in the highest tax bracket. Was this knee-jerk response merited? Chief Investment Officer Jim Lowell looked at the potential impact of a capital gains tax hike in … Read Morekeyboard_arrow_right
IRS Extends 2020 RMD Relief Waivers July 10, 2020 Financial Planning CARES act, RMDs, roth ira, tax planning, taxes Two weeks ago, we briefly discussed the IRS notice that offered relief to anyone who took a required minimum distribution (RMD) early in 2020—extending and expanding on a CARES Act waiver that gave people additional time to return that money to retirement accounts, penalty-free. Here’s a little more detail on the key … Read Morekeyboard_arrow_right