Tax Planning


22

Dec 2016

Lower Your Tax Bill With Year-End Planning

As the end of the year draws near, the last thing anyone wants to think about is taxes. But if you are looking for ways to minimize your tax bill, there’s no better time for tax planning than before year-end. That’s because there are a number of tax-smart strategies you can implement now that will reduce your tax bill come April 15. Put Losses to...

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08

Nov 2016

Gifting-During-Life Strategy: Does it Make Sense For YOUR Family?

When it comes to estate planning, one of the primary goals is to transfer as much of a person’s assets to their intended beneficiaries at the lowest cost or, in other words, by paying the least amount of tax. Today, the federal estate tax exemption is $5,450,000 per person. It is also portable (can be transferred) between spouses, giving them a maximum exemption of $10,900,000...

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03

Nov 2016

Using a Tax Refund to Fund an IRA in 5 Easy Steps

What does the basic process entail? An income tax refund can be directly deposited to an IRA up to the annual contribution limit. The contribution limit is $5,500 ($6,500 for individuals age 50 or older) for 2014 and 2015. It can also be split among multiple accounts. #1 It is tax time! Prepare your tax return for the year. #2 Determine the refund amount. Once...

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03

Nov 2015

Ed Slott Press Release

LOCAL Tacoma ADVISOR Brad Berger LEARNS NEW TAX LAWS AND RETIREMENT ACCOUNT PLANNING STRATEGIES FROM AMERICA’S IRA EXPERTS Ed Slott and Company, LLC Holds Exclusive Workshop for Financial Advisors to Complete Advanced Training Tacoma, WA November 3, 2015: Brad Berger of Cornerstone Financial Strategies completed advanced technical training while attending Ed Slott’s Elite IRA Advisor Group workshop in Denver, Colorado on October 22 – October 24....

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27

Jul 2015

Retirement Big Risk: Improper Tax Planning

Before you receive your pay, you have deductions for federal taxes, Social Security, Medicare, state and local taxes, workers’ compensation, and more, depending on your particular situation. And then we pay sales taxes, property taxes, and those taxes and fees on your cell phone bill, on your cable bill, on your water bill, on your gas bill, on your electric bill. A myriad of levies...

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