Investments & Retirement Plans
|
|
- Antonia Wilkerson
- 8 years ago
- Views:
Transcription
1 PREPARING FOR THE CHANGES AHEAD. Year End Planning for Year End Planning for Investments & Retirement Plans
2 Td Today s Session Review of Changing Tax Laws Discuss Planning Opportunities Questions & Answers Presented by: Sal Veltri, CPA Partner Plante Moran Financial Advisors 2
3 Tax Provisions i That Could Sunset Ordinary Income Tax Rates Income tax rates were reduced to a bottom rate of 10% and a top rate of 35%. If the tax cuts expire, the bottom rate would increase to 15% and the top rate would rise to 39.6%, and several rates in between would increase as well. Capital Gains Rates Long term capital gains taxes will return to 20% from 15%. Dividends Rates Taxes on qualified dividends were reduced to 15%. A sunset on these provisions means that dividends will be taxed at ordinary rates (up to 39.6%). 3
4 Tax Provisions i That Could Sunset Other Income Tax Provisions The child tax credit would return to $500 from $1,000 per child. Marriage penalty relief the standard deduction for married couples was increased, easing the tax hit on many married couples. This would go away. Personal exemption & itemized deductions may again be phased out. Provisions regarding the alternative minimum tax which has plagued many taxpayers. Estate Tax The federal estate tax was repealed for 2010, but it is scheduled to return to 55% next year with a $1 million exemption. 4
5 What will happen to tax rates? In short, NO ONE knows! Currently, the Bush tax cuts (from 2001 and 2003) are expected to expire as of December 31, 2010, unless Congress renews them. The Obama administration i i has proposed extending several of these tax cuts. In particular, to the middle class (individuals earning less than $200, or families earning less than $250,000). Others are proposing extending the cuts for everyone, perhaps p for 1 or 2 years. The answer is, We need to wait and see However, if nothing is done, personal income taxes will increase for virtually every taxpayer. 5
6 Expiring, Extending, or Somewhere In Between 6
7 Effect on Families & Individuals: Low Income Hypothetical, for example purposes only. Source: 7
8 Effect On Families & Individuals: High Income Hypothetical, for example purposes only. Source: 8
9 What can we do? While uncertainty remains, there are a few things to consider for your retirement plan and investments Considerations Review tax efficiency of portfolio Roth conversion Capital gain recognition Installment sale treatment Maximize retirement plan contributions 9
10 Tax Efficient i Portfolio Management Tax management is a key aspect of portfolio design At PMFA, we: Look at building a portfolio as tax-efficiently as we can Consider tax planning an ongoing process Not just taxable versus municipal (tax-free) bonds Not just a year-end thing Focus on putting tax inefficient investments in tax deferred accounts A hierarchy of investments in tax deferred accounts Actively look for opportunities i to tax-swap Review timing of distributions for tax consequences Consider ways to shelter gain using charitable techniques 10
11 Sample of Tax Efficient Portfolio Construction ti Assumptions $50,000 investment in SP500 Index (yielding 2%, growing 4%) $50,000 in high yield bond fund (yielding 6%) Capital gain and qualified dividend rate of 15% Ordinary income rates are 35% now and in the future Traditional taxable account and traditional IRA 15 year time horizon What a difference tax efficiency can make Ending after tax value if HY is in taxable account: $166,645 Ending after tax value if SP is in taxable account: $190,788 Difference = $24,143 or 2.66% per year Hypothetical, for example purposes only 11
12 Roth Conversion In 2010, the $100, AGI limitation for Roth conversions was lifted, opening the door for everyone to consider a Roth conversion. But, is it right for you? 12
13 A Brief Review: Traditional IRA vs. Roth IRA Tax characterization of contributions Roth IRA Post Tax Tax deferredgrowth inside Yes Yes account Traditional IRA Pre Tax Distributions Generally Tax Free Taxed as Ordinary Income Required minimum None Yes, annually at age 70 ½ distributions Distributions included in income Distributions impact on taxability of Social Security No Does Not Affect Yes Included in AGI No Yes Does Affect 13
14 Roth Conversion Considerations It comes down to tax rates NOW vs. tax rates LATER If you re going to do it, consider Carefully consider recognizing the gain over multiple years as it may be at a higher rate. Do you have cash outside the IRA to pay the tax bill? Estate planning opportunities & charitable intentions Do you have basis in your IRA? Basis in your IRA will reduce your tax bill. Non-deductible IRAs allow you to do a back door Roth conversion with very little to no tax cost. There are many considerations, please consult your PMFA or tax advisor to review implications of your situation. 14
15 Good Candidates for Roth Conversions Low Taxable Income Situation Maximize the 15% (or lower) income tax bracket if client is in a very low bracket due to business operating loss, lower income year, etc. Identify how much can be converted utilizing the lower tax rates. Wealthy, High Net Worth Family High Net Worth Individual likely does not need funds. Always in the highest tax bracket (therefore, rates are likely lower now). Conversion reduces future RMD requirement Preserve assets tax free for future generations, while lowering gross estate by paying the taxes. 15
16 Advantage (Disadvantage) per $1,000 of Conversion Future Tax Rate 5 Years 10 Years 15 Years 20 Years 35% $149 $216 $308 $435 25% $15 $37 $69 $115 15% ($118) ($142) ($171) ($206) Source: Charles Schwab Assumes Current Tax Rate of 25% and Average Annual Return of 6% A Roth Conversion has a slight advantage even if the future tax bracket remains the same. That s because we assume that current taxes will be paid from taxable accounts and the full conversion amount will go into the Roth. 16
17 Capital Gain Recognition Capital gains are expected to go from 15% to 20%. Does that suggest that you should incur gains now to lock-in at the lower rate? Not necessarily. Especially if you have a capital loss carry-forward. However, if you expect to sell anyway in the short to mid term it probably makes sense to incur at a lower rate. Or if you have a low basis position that will be sold. Tax swapping & tax loss harvesting 17
18 Tax Swap Opportunities General Definition: A method of recognizing i capital losses by selling losing positions and purchasing similar investment strategies. Example: $100,000 Investment in Vanguard Index 500. Worth $75,000 today. Sell the fund and buy the Vanguard Total Stock Market Index for $75,000. $25,000 capital loss is recognized to offset current or future gains. Basis is reset at the lower amount. Wash sale rules apply if a loss is recognized and substantially identical securities are purchased within 30 days before or after the sale. (The loss is disallowed.) Losses may offset installment sale, land contracts, or other gains. 18
19 Installment t Sale Treatment t An installment sale or land contract allows you to recognize the gain from a sale over the period in which you receive payments. Should you consider accelerating the gain and paying at 15% in 2010? In many cases, the answer is still no but review your situation in greater detail. Determine the rate of return necessary. Another consideration the Health Care Reform bill does enact Medicare tax of 3.8% on investment income over $250, beginning in That may tip the scales in the other direction suggesting accelerating the tax. 19
20 Maximizing Retirement Plan Opportunities 401(k) contributions Maximizing contributions makes more sense when tax rates are higher. Not only does it provide an immediate tax deduction for high income earners, it also provides more tax deferred space for tax inefficient investments. Roth vs. Traditional 401(k) Contributions Many employers now offer Roth & traditional 401(k) plans. Consider your current tax rate versus tax rate in retirement. Your personal situation and tax rates in place at the time Younger workers not at their earnings peak, or others in a abnormally low tax rate should consider the Roth IRA or 401(k). Non-Deductible IRA Contributions May be converted to Roth IRA 20
21 Maximizing Retirement Contributions for Self Employed Individuals id Maximum contribution (2010) Individual 401K SEP IRA $49,000 $49, K portion $16,500 $0 Catch up (over 50) $ 5,500 $0 401K & catch up is allowed on 100% of your net self employment earnings Employer contribution i 20% 20% 21
22 Examples of SEP vs. Individual 401K Contributions ti Example: $40, net self employment earnings (after ½ of self employment tax deduction) Max SEP: $40,000 x 20% = $8,000 Max individual 401(k): $16, ,500 + $8,000 = $30,000 Example: $270,000 net self employment earnings (after ½ of self employment tax deduction) Max SEP: $49,000 Max individual 401(k): $49,000 Hypothetical, For Example Purposes Only 22
23 Conclusions We are in a period of uncertainty. No one knows exactly what will happen to rates. Every situation is unique, consider discussing your situation with a member of our tax team and a PMFA advisor. Questions & Answers? 23
24 Disclosures Past performance does not guarantee future results. Data sources for peer group comparisons, returns, and standard statistical data are provided by the sources referenced and are based on data obtained from recognized statistical services or other sources believed to be reliable. However, some or all information has not been verified prior to the analysis, and we do not make any representations as to its accuracy or completeness. Any analysis non-factual in nature constitutes only current opinions, which are subject to change. There may be instances when consultant opinions regarding any fundamental or quantitative analysis may not agree. Plante Moran Financial Advisors publishes this presentation to convey general information about our services. Investments mentioned herein may not be appropriate for you. You should consult a representative from Plante Moran Financial Advisors for investment advice regarding your own situation. Plante Moran Financial Advisors is an affiliate of Plante & Moran, PLLC. 24
25 PREPARING FOR THE CHANGES AHEAD. Thank You.
Post Election Focus: Stars, Stripes & Taxes
Post Election Focus: Stars, Stripes & Taxes Presented By: Margo Cook, CPA December 6, 2012 Click HERE to listen to webinar. Post Election Focus: Stars, Stripes & Taxes Presented By: Margo Cook, CPA December
More informationYear End Gifts and Investments
Wealth Planning Year End Tax Tips The end of every year poses a critical deadline for utilizing certain tax benefits. The following covers various items to address in your annual tax, estate, retirement
More informationWealth and Taxes: Planning for 2014
NOVEMBER 2013 Wealth and Taxes: Planning for 2014 2013 YEAR-END TAX PLANNING GUIDE TABLE OF CONTENTS On January 1, 2013, Congress passed the American Taxpayer Relief Act (ATRA), which addressed the scheduled
More informationFederal Tax and Capital Gains: Rates Over Time
Preparing for a World of Higher Taxes Are You Ready? Presented by: Matt Sommer, CFP, CPWA, AIF Director and Senior Retirement Specialist, Retirement Strategy Group C-0610-114 4-30-11 Federal Tax and Capital
More informationBunting, Tripp IngleyLLP
Dear Clients and Friends, As the end of 2011 approaches, now is a good time to start year-end tax planning to minimize your individual and business tax burden. Generally, year-end tax planning involves
More informationYear-End Tax and Financial Planning Ideas
Private Wealth Management Products & Services Year-End Tax and Financial Planning Ideas A year without change provides a nice respite. Will it last? Whoever said Variety is the spice of life clearly wasn
More informationThe 3.8% Medicare Surtax on Investment Income
Wealth Strategy Report The 3.8% Medicare Surtax on Investment Income OVERVIEW Beginning in 2013, certain investment income will be subject to an additional 3.8% surtax, enacted as part of the Health Care
More informationINVESTMENT STRATEGIES. 10 Tax-Wise Strategies That May Reduce Your Taxes in the Future
INVESTMENT STRATEGIES 10 Tax-Wise Strategies That May Reduce Your Taxes in the Future 10 TAX-WISE STRATEGIES 1. Make tax-deferred investments Take full advantage of tax-deferred investment opportunities,
More informationKEY FACTORS WHEN CONSIDERING A ROTH IRA CONVERSION
KEY FACTORS WHEN CONSIDERING A ROTH IRA CONVERSION PERTINENT INFORMATION Mr. Kugler has accumulated $1,000,000 in a traditional IRA. Mrs. Kugler is the designated beneficiary (DB) and their daughter is
More informationTaxes and Transitions
Taxes and Transitions THE NEW FRONTIER FOR RETIREMENT PLANNING Wealthy individuals have been hit with their first major tax increase in more than 20 years, with tax hikes on ordinary income, dividends
More information*Brackets adjusted for inflation in future years. 2015 Long Term Capital Gains & Dividends Taxable income up to $413,200/$457,600 0% - 15%*
Income Tax Planning Overview The American Taxpayer Relief Act of 2012 extended prior law for certain income tax rates; however, it also increased income tax rates on upper income earners. Specifically,
More informationFInancIal PlannIng In an uncertain tax landscape. understanding today s tax environment // strategies for 2012 // Planning for 2013
FInancIal PlannIng In an uncertain tax landscape understanding today s tax environment // strategies for 2012 // Planning for 2013 Key Takeaways Without further changes by Congress, tax rates are scheduled
More informationWHICH TYPE OF IRA MAKES THE MOST SENSE FOR YOU?
WHICH TYPE OF IRA MAKES THE MOST SENSE FOR YOU? In 1974, when IRAs were first created, they were rather simple and straightforward. Now, 35 years later, it s challenging to know the best way to save more
More informationIN THIS ISSUE: August, 2011 j Top Income Tax Planning Ideas for 2011 and 2012
IN THIS ISSUE: Income Tax Overview Qualified Dividends Long-Term Capital Gains Ordinary Income Additional Income Tax Planning Ideas Income Shifting to Junior Generations Roth IRA Conversions NUA Planning
More informationAn IRA can put you in control of your retirement, whether you
IRAs: Powering Your Retirement One of the most effective ways to build and manage funds to help you meet your financial goals is through an Individual Retirement Account (IRA). An IRA can put you in control
More informationHow To Get A Lower Tax Bill
13 FINANCIAL PLANNING STRATEGIES FOR 2013 Timely, actionable ideas following the American Taxpayer Relief Act KEY TAKEAWAYS With the passing of the American Taxpayer Relief Act of 2012 in reaction to the
More informationTraditional and Roth IRAs
october 2012 Understanding Traditional and Roth IRAs summary An Individual Retirement Account (IRA) is a powerful savings vehicle that can help you meet your financial goals. As shown in the chart on page
More informationACTIONABLE STRATEGIES FOR REDUCING MEDICARE TAXES
ACTIONABLE STRATEGIES FOR REDUCING MEDICARE TAXES Medicare taxes increased in 2013 for high-income earners. Timely action can help reduce the impact of higher taxes. KEY TAKEAWAYS High-income taxpayers
More information2013 Year-End Tax Planning Advice
2013 Year-End Tax Planning Advice To Our Clients and Friends, As we approach year-end, it s again time to focus on last-minute moves you can make to save taxes both on your 2013 return and in future years.
More informationMaking Retirement Assets Last a Lifetime PART 1
Making Retirement Assets Last a Lifetime PART 1 The importance of a solid exit strategy During the working years, accumulating assets for retirement is one of the primary goals of the investing population.
More informationThe IRA opportunity: To Roth or not to Roth?
The IRA opportunity: To Roth or not to Roth? Vanguard research July 2011 Executive summary. The year 2010, which may well go down in IRA history as the year of the Roth, saw three notable legislative changes
More informationtax planning strategies
tax planning strategies In addition to saving income taxes for the current and future years, effective tax planning can reduce eventual estate taxes, maximize the amount of funds you will have available
More informationUnderstanding the taxability of investments
Understanding the taxability of investments Managing your portfolio to help control your tax bill Investors need to consider many factors in the process of choosing investments. One at the top of many
More informationIRAs: Four Facts You Should Know
IRAs: Four Facts You Should Know Overview: The decision between contributing to a traditional 2007 IRA and a Roth IRA depends on many factors. The following discusses some of the key concepts to consider
More informationtax planning strategies
tax planning strategies In addition to saving income taxes for the current and future years, tax planning can reduce eventual estate taxes, maximize the amount of funds you will have available for retirement,
More informationAN ANALYSIS OF ROTH CONVERSIONS 1
AN ANALYSIS OF ROTH CONVERSIONS In 1997, Congress introduced the Roth IRA, giving investors a new product for retirement savings. The Roth IRA is essentially a mirror image of the Traditional IRA, but
More information2015 Savvy Year-End Tax Planning Thoughts & Ideas
2015 Savvy Year-End Tax Planning Thoughts & Ideas JONATHAN GASSMAN CFP, CPA/PFS November 11, 2015 2015 Tax Rates Ordinary Income Qualified Dividends & Long-Term Capital Gains 10% 15% 25% 28% 2015 Rates
More informationChoosing tax-efficient investments
Choosing tax-efficient investments Managing your portfolio to help control your tax bill Investors need to consider many factors in the process of choosing investments. One at the top of many investors
More informationStocks and Taxes Ordinary Income Versus Capital Gains Jobs & Growth Tax Relief Reconciliation Act of 2003
Stocks and Taxes Unlike death, taxation can at least be minimized. In this article, we will examine the basic framework of individual taxation in the United States as it relates to stock investing and
More informationCharitable remainder trusts
Charitable remainder trusts An estate planning strategy for charitably inclined investors This strategy may be a good fit when: You want to make a significant gift to charity You have assets that you want
More informationMCCLANAHAN & EATON, LLC CERTIFIED PUBLIC ACCOUNTANTS
, LLC CERTIFIED PUBLIC ACCOUNTANTS It's that time of year where we should think about preparing an estimate of your current year tax liability and see if we can reduce that liability. There are several
More informationRoth IRA Conversions: A Powerful Wealth-Transfer Tool
July 2014 Private Wealth Advisory Roth IRA Conversions: A Powerful Wealth-Transfer Tool Converting a traditional IRA or another qualified retirement plan to a Roth IRA can be a powerful wealth-transfer
More informationRoth IRA Conversion... Does Taking Action Get You to Point A or Point B
Roth IRA Conversion... Does Taking Action Get You to Point A or Point B If only it were that simple. There is no black and white here. Everything has its risks and is based on assumptions. Upfront, this
More information2014-2015 Tax Update: Another Year For Tax Breaks By Kurt J. Kilwein, CPA, CFP, Partner and Olga Zarney, CPA, MBT, Manager
WINTER 2014-2015 2014-2015 Tax Update: Another Year For Tax Breaks By Kurt J. Kilwein, CPA, CFP, Partner and Olga Zarney, CPA, MBT, Manager Individual Taxation Many of the tax breaks which expired at the
More information1040 Review Guide: MARKETS ADVANCED. Using Your Clients 1040 to Identify Planning Opportunities
1040 Review Guide: Using Your Clients 1040 to Identify Planning Opportunities ADVANCED MARKETS Producers Guide to a 1040 Review At Transamerica, we re committed to providing you and your clients with the
More informationTax Planning Circa 2011. The Rules We Live By
Tax Planning Circa 2011 FPA Houston December 6, 2011 The Rules We Live By 2010 Tax Relief Act (December 17, 2010) Patient Protection and Affordable Care Act (PPACA) Hiring Incentives to Restore Employment
More informationKey Tax Planning Strategies for 2010 & Beyond
December 2009 Financial Planning Insights James L. Joslin, CFP Lee C. McGowan, CFP Key Tax Planning Strategies for 2010 & Beyond How can one soften the blow should tax rates be increased? That is the question
More information2013 Year End Tax Planning Seminar
2013 Year End Tax Planning Seminar Walter H. Deyhle, CPA, CFP December 4, 2013 GRF s Tax Team 2 Disclosure This presentation and these materials are designed to provide accurate and authoritative information
More informationAppropriate Checklists for Year-End Tax Planning
LPL Financial Dennis R. Marvin, CFP Branch Manager 28025 Clemens Road Suite 2A Westlake, OH 44145 440-250-9990 Fax: 440-250-9986 dennis@marvinwealth.com www.marvinwealth.com Appropriate Checklists for
More information2015 Individual Tax Planning Letter
2015 Individual Tax Planning Letter Just as the daylight hours are getting shorter, so is the time for fine tuning any last-minute strategies to lower your 2015 tax bill. While year-end legislation extending
More informationYEAR-END MOVES: Prepare for 2016
YEAR-END MOVES: Prepare for 2016 YOUR HOST John Sweeney Executive Vice President, Retirement & Investing Strategies, Fidelity Investments 2 JOIN THE CONVERSATION: @SweeneyFidelity PRESENTER Jeffrey S.
More informationTOPIC: ROTH IRA CONVERSIONS IN 2010: THE NEW OPPORTUNITY William R. Urban, CFA, CFP, Co-Managing Principal
Retirement Planning TOPIC: ROTH IRA CONVERSIONS IN 2010: THE NEW OPPORTUNITY William R. Urban, CFA, CFP, Co-Managing Principal The opportunity to convert existing IRA account balances into Roth IRA accounts
More informationClient Tax Letter. Reducing Uncertainty, Increasing. Complexity. What s Inside. April/May/June 2013
Client Tax Letter Tax Saving and Planning Strategies from your Trusted Business Advisor sm Reducing Uncertainty, Increasing Complexity Each April, most Americans file their income tax returns for the previous
More informationTraditional and Roth IRAs. Invest for retirement with tax-advantaged accounts
Traditional and s Invest for retirement with tax-advantaged accounts Your Retirement It is your ultimate reward for a lifetime of hard work and dedication. It is a time when you should have the financial
More informationThe 3.8% Surtax on Investment Income - Individuals
WEALTH STRATEGY REPORT The 3.8% Surtax on Investment Income - Individuals OVERVIEW Beginning in 2013, certain investment income will be subject to an additional 3.8% surtax (the surtax). This surtax is
More informationBeginning in 2010, the Tax Increase Prevention and ROTH IRA CONVERSION
ROTH IRA CONVERSION Assessing Suitability of the Strategy for Individuals and their Heirs Executive Summary A Roth IRA conversion may benefit individuals during their retirement years by potentially reducing
More informationThe. Estate Planner. Do you have a liquidity plan? Being elastic can be fantastic. A blended family requires smart estate planning
The Estate Planner January/February 2010 Do you have a liquidity plan? Being elastic can be fantastic Stretch your retirement savings for yourself and your heirs A blended family requires smart estate
More informationTax Items For Businesses Ohio Tax Law Changes
FRUSH & ASSOCIATES, INC. OVERVIEW Recap of 2013 ACA Act NII Surtax Medicare Wage Surtax Tax Items For Businesses Ohio Tax Law Changes Circular 230 Disclosure Pursuant to the rules of professional conduct
More information2014 tax planning tables
2014 tax planning tables 2014 important deadlines Last day to January 15 Pay fourth-quarter 2013 federal individual estimated income tax January 27 Buy in to close a short-against-the-box position (regular-way
More informationstock options, restricted stock and deferred compensation
stock options, restricted stock and deferred compensation Stock options, restricted stock, and other types of deferred compensation continue to be included by many employers as part of the overall benefits
More informationINDIVIDUAL TAX STRATEGIES
BY SCOTT HENSLEY SHENSLEY@STANCILCPA.COM DECEMBER 4, 2014 STANCIL & COMPANY CERTIFIED PUBLIC ACCOUNTANTS 4909 WINDY HILL DRIVE RALEIGH, NC 27609 919-872-1260 TOPICS TO BE COVERED TODAY WHAT IS TAX PLANNING
More informationCLIFF A CASE FOR CHARITABLE GIVING AND DEFENSIVE POSITIONING
THE FISCAL CLIFF A CASE FOR CHARITABLE GIVING AND DEFENSIVE POSITIONING The CriTTenTon FoundaTion & LJPr, LLC Leon C. LaBreCque, JD, CPa, CFP, CFa ! Preface The Perfect Tax Storm: Prospective Expiration
More informationRoth IRA Conversions
educational Series Roth IRA Conversions Executive Summary Until now, high-income earners have been effectively prevented from using Roth IRAs. Beginning in 2010, the income limits for Roth conversions
More informationJPMorgan INVEST. You work hard for your money. Now keep it working for you with a JPMorgan Invest IRA. IRA Decision Guide
IRA Decision Guide JPMorgan INVEST You work hard for your money. Now keep it working for you with a JPMorgan Invest IRA. JPMorgan Invest One Beacon Street, Boston, MA 0208 (800) 776-606 jpmorganinvest.com
More informationRoth IRAs and Conversions
Roth IRAs and Conversions When the law that created Roth IRAs was originally enacted there were two eligibility limits placed on them. The first affected an individual s ability to contribute to the Roth-
More informationPresented by Walter Copeland, CPA Heather Kovalsky, CPA Brimmer, Burek & Keelan LLP
Presented by Walter Copeland, CPA Heather Kovalsky, CPA Brimmer, Burek & Keelan LLP 1. Cost Segregation Study What is a cost segregation study and how is it done? What is the IRS position on cost segregation?
More informationSocial Security and Your Retirement
Social Security and Your Retirement Important information for investors planning Social Security will not and was never designed to provide all of the income you ll need to live comfortably during retirement.
More informationTax-smart ways to save and invest. TIAA-CREF Financial Essentials
Tax-smart ways to save and invest TIAA-CREF Financial Essentials Today s agenda: 1. Finding funds for saving 2. Tax law provisions promoting saving 3. TIAA-CREF savings opportunities 4. TIAA-CREF can help
More informationTaxes and the Immediate Future: What to Do Now? September 2010
Taxes and the Immediate Future: What to Do Now? September 2010 As we approach a very contentious election season, one in which the balance of power, and therefore economic policy, appear subject to substantial
More informationDon and Barb Barringer
Don and Barb Barringer ROTH CONVERSION January 14, 2014 Each Financial Concept Presentation starts with a professional cover page providing your client with important contact information. PREPARED BY:
More information10 common IRA mistakes
10 common mistakes Help protect your valuable retirement assets Not FDIC Insured May Lose Value No Bank Guarantee Not Insured by Any Government Agency You ve worked hard to build your retirement assets......
More informationThe Advantages and Disadvantages of Owning an Individual Retirement Account
IRAs Investing in Your Future Retirement Plans About Stifel Nicolaus Stifel Nicolaus is a full-service Investment firm with a distinguished history of providing securities brokerage, investment banking,
More informationPLANNING FOR HIGHER MEDICARE TAXES
PLANNING FOR HIGHER MEDICARE TAXES Consider strategies to reposition assets for the higher Medicare tax landscape KEY TAKEAWAYS Starting in 2013, high-income taxpayers face an additional 0.9% Medicare
More informationWealth Management Systems Inc. 2015 Tax Guide. What You Need to Know About the New Rules
Wealth Management Systems Inc. 2015 Tax Guide What You Need to Know About the New Rules Tax Guide 2015 This guide is not intended to be tax advice and should not be treated as such. Each individual s tax
More informationIs the Roth IRA Conversion For Me?
Is the Roth IRA Conversion For Me? By Dennis A. Suckstorf, CFP, ChFC, AFC. Financial Advantage, Inc. (www.financialadvantageinc.com) Prior to 2010, an individual could only convert a traditional IRA (qualified
More informationIRA OWNER S GUIDE TO UNDERSTANDING ROTH IRA CONVERSIONS
IRA OWNER S GUIDE TO UNDERSTANDING ROTH IRA CONVERSIONS One of the more powerful financial and wealth transfer planning opportunities available today is the ability to convert a traditional IRA into a
More informationTraditional and Roth IRAs. Invest for retirement with tax-advantaged accounts
Traditional and Roth IRAs Invest for retirement with tax-advantaged accounts Your Retirement It is your ultimate reward for a lifetime of hard work and dedication. It is a time when you should have the
More informationRetirement 4: Individual Retirement and Small Business Plans
Personal Finance: Another Perspective Classroom Slides: Retirement 4: Individual Retirement and Small Business Plans Updated 2014/03/13 Objectives A. Understand Individual Retirement Accounts (IRAs) B.
More information2015 MUTUAL FUND TAX GUIDE
2015 MUTUAL FUND TAX GUIDE Table of Contents Dear Valued Shareholder: The purpose of this tax guide is to provide basic information about the 2015 tax forms you have received or that may be provided later
More informationIRA CONVERSIONS: TRADITIONAL TO ROTH
IRA CONVERSIONS: TRADITIONAL TO ROTH I had planned to continue last month s discussion regarding informational returns in this November, 2010 FlashPoints. However, I have decided to defer that to next
More informationEstate planning opportunities with Roth IRA conversions
Estate planning opportunities with Roth IRA conversions Vanguard research March 2010 Executive summary. Beginning January 1, 2010, as part of the Tax Increase Prevention and Reconciliation Act of 2005,
More informationThe joy of charitable giving: Strategies and opportunities
The joy of charitable giving: Strategies and opportunities Vanguard research September 2013 Executive summary. The tax benefits available through various charitable giving strategies can play a critical
More informationMaking Retirement Work
Making Retirement Work Francis J. Sennott March 12, 2013 ROPES & GRAY LLP Agenda Planning for Retirement Saving for retirement Qualified retirement plans Other personal savings Investment planning Social
More informationMedicare Tax On Married Couples Filing Joint Returns
Medicare taxes for higher-income taxpayers Many changes from the 2010 Affordable Care Act are now in effect Begin planning now You ll especially want to discuss these tax provisions with your Financial
More informationClient Letter: Individual Tax Provisions of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010
Source: Tax Legislation > 111th Congress (2009-2010) > Enacted > Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111-312) > Practice Tools > Client Letter: Individual
More informationBLUE PAPER. Roth 401(k): Creating a Tax-Advantaged Strategy for Retirement IN BRIEF. January 2016
BLUE PAPER Roth 401(k): Creating a Tax-Advantaged Strategy for Retirement Roth 401(k) Helps Investors Take Diversification * to the Next Level. IN BRIEF January 2016 Just as a well-diversified portfolio
More informationComparison of IRA vs. Roth IRA For: Charles and Amanda Fuller
Comparison of IRA vs. Roth IRA For: Charles and Amanda Fuller Presented By: [Licensed user's name appears here] Comparison of IRA vs. Roth IRA Table of Contents IRA vs. Roth IRA Page 1 An Individual Retirement
More information2014 Year-End Tax Planning Client Letter
2014 Year-End Tax Planning Client Letter Year-end tax planning is especially challenging this year because Congress has yet to act on several tax breaks that expired at the end of 2013. Some of these tax
More informationThe Roth IRA. An IRA with a difference. Is it right for you?
The Roth IRA An IRA with a difference Is it right for you? The Roth IRA An IRA with a difference The original IRA was designed to help individuals plan for their retirement by enabling them to make tax-deductible
More information2011 Tax And Financial Planning Tables
2011 Tax and Financial PLanning Tables Investment Planning 2011 Tax And Financial Planning Tables Tax planning is an important component for your overall financial plan. 2011 Tax and Financial PLanning
More informationStrategies to Manage the Ever Bigger Bite of Taxes
Tax Impact Series: Avoid Manage Defer AMG Funds Research and Analysis Strategies to Manage the Ever Bigger Bite of Taxes In this world, nothing can be said to be certain except death and taxes. Benjamin
More informationIndividual Retirement Plans Investor guide to traditional and Roth IRAs. Individual Retirement Plans: Investor Guide
Individual Retirement Plans Investor guide to traditional and Roth IRAs a Individual Retirement Plans: Investor Guide Individual Retirement Plans An individual retirement plan may be a beneficial addition
More informationYear End Tax Extenders?
STRAIGHT VERSION STRAIGHT VERSION DOLLARS ARCH 1C LOGO WITH TAG (KNOCKOUT) SENSE YEAR END TAX PLANNING SUMMARY FOR INDIVIDUALS ROXIMATELY WIDTH OF CIRCLE & ON ALL SIDES ARCH 1C LOGO WITH TAG (KNOCKOUT)
More informationDecember 2014. Tax-Efficient Investing Through Asset Location. John Wyckoff, CPA/PFS, CFP
John Wyckoff, CPA/PFS, CFP Your investment priorities are likely to evolve over time, but one goal will remain constant: to maximize your investment returns. Not all returns are created equal, however.
More informationTax Alpha. Robert S. Keebler, CPA, M.S.T., AEP. Keebler & Associates, LLP 420 South Washington Street Green Bay, WI 54301.
Tax Alpha Presented by Robert S. Keebler, CPA, M.S.T., AEP Keebler & Associates, LLP 420 South Washington Street Green Bay, WI 54301 Agenda 1. Five Dimensional Tax System Ordinary Income Rates Capital
More informationGuide to Individual Retirement Accounts. Make a secure retirement yours
Guide to Individual Retirement Accounts Make a secure retirement yours Retirement means something different to everyone. Some dream of stopping employment completely and some want to continue working.
More informationFederal Tax Issues for Individuals 2006
OCTOBER This summary addresses several common year-end federal tax issues for high net-worth individuals, but only at a general level. Your particular situation can only be evaluated by your tax advisor
More informationRoth IRA Conversion and Roth 401(k) Contributions - To Convert or Not?
Roth IRA Conversion and Roth 401(k) Contributions - To Convert or Not? For those that haven't already been inundated by communication regarding this year's one time Roth conversion opportunity, here is
More informationPersonal Retirement Analysis. Jim Sample. for. New Scenario (5/26/2014 4:04:47 AM) Prepared By Neal Frankle Sample Financial Plan
Personal Retirement Analysis for Jim Sample Prepared By Neal Frankle Sample Financial Plan IMPORTANT: The illustrations or other information generated by this report regarding the likelihood of various
More information2013 YEAR-END INDIVIDUAL TAX PLANNING LETTER
Bollenback & Forret, P.A. Michael D. Bollenback, CPA Richard G. Buschart, CPA, ABV, CVA Suzanne E. Patrick, CPA Janet K. Rosenquist, CPA Roderick B. Stuart, CPA J. Patrick Callan, CPA Peter B. Forret,
More informationMFS Retirement Strategies Stretch IRA and distribution options READY, SET, RETIRE. Taking income distributions during retirement
MFS Retirement Strategies Stretch IRA and distribution options READY, SET, RETIRE Taking income distributions during retirement ASSESS YOUR NEEDS INCOME WHEN YOU NEED IT Choosing the right income distribution
More informationQUARTERLY NOTE September, 1998
QUARTERLY NOTE September, 1998 ROTH IRA CONVERSIONS So What is the Big Deal about Roth IRA Accounts? Roth IRA accounts are a new and potentially tremendous vehicle for accumulating family wealth. Funds
More informationCohen Smith & Company, P.A. NEWSLETTER. CERTIFIED PUBLIC ACCOUNTANTS Business and Personal Advisors 133 EAST INDIANA AVENUE DELAND, FLORIDA 32724-4329
Cohen Smith & Company, P.A. NEWSLETTER CERTIFIED PUBLIC ACCOUNTANTS Business and Personal Advisors 133 EAST INDIANA AVENUE DELAND, FLORIDA 32724-4329 Phone: (386) 738-3300 Fax: (386) 736-2267 Interested
More informationHow To Deploy $100,000
William Baldwin Contributor I write about investing and taxes. Opinions expressed by Forbes Contributors are their own. Forbes 6/17/2015 @ 9:00AM How To Deploy $100,000 This story appears in the June 29,
More informationcharitable contributions
charitable contributions Your ability to control when and how you make charitable contributions can lower your income tax bill, effectively reducing the actual cost of any gift you make, while fulfilling
More informationTaking Your 401(k) Lumps: Assessing Lump Sum Distributions for Highly Appreciated Company Stock Prepared by Paul Tanner Chartered Financial Analyst
A Granite Hill Investment Field Guide Taking Your 401(k) Lumps: Assessing Lump Sum Distributions for Highly Appreciated Company Stock Prepared by Paul Tanner Chartered Financial Analyst Congratulations!
More informationMost of ATRA s provisions benefit individual taxpayers through extensions of lower tax rates, certain deductions 10% 10% 15% 15% 25% 25% 28% 28%
TAX ACT OVERVIEW American Taxpayer Relief Act saves taxes for many, boosts them for some On Jan. 1, Congress passed the American Taxpayer Relief Act of 2012 (ATRA) to address the fiscal cliff a combination
More informationCLIENT TAX LETTER TAX SAVING AND PLANNING STRATEGIES FROM YOUR TRUSTED ADVISOR SPRING
CLIENT TAX LETTER TAX SAVING AND PLANNING STRATEGIES FROM YOUR TRUSTED ADVISOR SPRING 11 Freight Depot 1200 Market Street Chattanooga, TN 37402 423.756.7771 hhmcpas.com CLIENT TAX NEWSLETTER Spring 11
More information529 College Savings Plans. The smart way to save and invest for college
529 College Savings Plans The smart way to save and invest for college Higher Education Paves the Way An investment in higher education is an investment for the future; whether you are saving and investing
More informationTax Strategies From a Financial Planning Perspective
Tax Strategies From a Financial Planning Perspective Spectrum Advisors Don Goerner offers securities through Purshe Kaplan Sterling Investments Member FINRA/ SIPC Headquartered at 18 Corporate Woods Blvd.,
More information