Educational Guidebooks
Comprehensive Guides for Informed Decision-Making
Six Strategies to Help Retirees Reduce Taxes and Preserve Their Assets
It’s possible to increase your monthly cash flow with a fixed immediate annuity. An immediate annuity is simply the payment of a premium to an insurance company. In exchange, the company converts your premium to a monthly cash payment for life or term of years. (Monthly payments are based on the claims-paying ability of the insurer, so picking a financially solid insurance company is important.) As each payment consists of principal and interest, each annuity payment is partially excluded from taxation as described by IRS Publication 590. Premium taxes could apply in some states.
Download our guidebook to learn more about reducing your taxes and preserving your assets.
A Complete Guide to Taxes in Retirement
Are you thinking of retiring or are a new retiree that isn’t quite sure how taxes will work out for the following tax year? If so, we are here to help by looking at what income will be included on taxes when you’re retired and how it will affect what you owe to the IRS.
From looking at what taxes you will have to pay on social security income to taxes you’ll have to pay on capital gains, it’s better to prepare and to know what to expect before doing your taxes. To learn more about taxes in retirement download our guidebook.
Six Best and Worst IRA Rollover Decisions
IRA owners and their advisors can make expensive mistakes handling IRA rollovers. These mistakes range from the simple to the complex. A simple mistake occurs when an employee takes a check when they retire, and their employer must withhold 20%. In order to complete a tax-free rollover, the IRA owner needs to replace the 20% withheld by their employer using their own funds to meet the tax-free rollover requirement within 60 days (more on this later). Then there’s the more complex mistake—the advisor who does not realize that his client may be ahead by distributing employer stock and paying taxes now (likely at 22% federal) rather than rolling over employer stock and paying up to 37% later.
Download our guidebook for the dos and don’ts of handling IRAs.
Find Your Definition of True Wealth
Everyone has their own definition of true wealth. For some, it’s that family vacation you’ve always dreamed of. For others, it’s not running out of money in retirement. We help you pinpoint your definition of true wealth, then help you build the legacy you’ve dreamed of.
Selecting the right financial advisor is an important step in your pursuit of true wealth. We build a customized plan for whatever your needs, including individual financial planning and business financial planning.