Taxes in Retirement
Bob Carlson of Retirement Watch on how to manage your taxes and planning strategies to pay less
Found 485 Articles.
Get access to our full article archive by subscribing to Retirement Watch and Retirement Watch Spotlight Series.
How to Beat the Alternative Minimum Tax (AMT)
The Alternative Minimum Tax (AMT) is trapping more taxpayers than ever. Created to ensure that the wealthiest taxpayers pay some income tax regardless of the tax breaks they use, the AMT now ensnares many middle class taxpayers. A taxpayer first computes regular taxable income, then adds back a number of tax breaks. After subtracting an […]
Tax Cuts and Tax Increases
A new tax law passed Congress just before Memorial Day. It contains important tax breaks and tax increases for investors and others. We gave the highlights last month. In this month’s visit we will delve into more details of the newly-enacted law, known as Tax Increase Prevention and Reconciliation Act of 2006. The major provision […]
Get Set for the New Medicare Surtax
Medicare beneficiaries are used to annual premium increases to go along with the rising cost of medical care. But in 2007 many will be surprised by the new means-tested premiums. Higher income beneficiaries will pay higher premiums. The amount of the increase in premiums will depend on the beneficiary’s income. The higher premium is called […]
TopReasons for Buying Real Estate for College
The room at college doesn’t have to be an expense. It can be a tax break, with the potential for income and capital gains. It also might be a way for parents or grandparents to acquire a retirement home or second home. You can get these benefits by purchasing a place for your grandchild or […]
SUBSCRIBE TO RETIREMENT WATCH SPOTLIGHT SERIES
In my new Retirement Watch Spotlight Series, I’ll share my newest breakthrough strategies for protecting your assets and growing your portfolio, including how to prepare for the next market downturn. Click here now to learn more.
New Tax Law Enacted
As we went to press, Congress was wrapping up a new tax law. The law has important provisions for investors. The key provision is that the 15% tax rate on dividends and long-term capital gains is extended through 2009. Congress still could not make the rates permanent, but at least got them past the next […]
How to Shield Home Sale Gains from Taxes
Rising home prices raise a tax problem that many people have not worried about for years. To avoid paying high taxes on gains from home sales, home sellers need to keep track of the tax basis of their residences. Long-time homeowners, especially on the coasts and resort areas, have substantial home equity. The tax law […]
How Planned Disclaimers Can Improve an Estate Plan
A key to successful Estate Planning these days is flexibility. Scheduled changes in the federal estate tax, and the possibility of additional changes, make flexibility essential. In past visits we have discussed language that can be included in wills to increase flexibility. Another tool to make available to your heirs is the disclaimer. Normally, disclaimers […]
How to Jump Start a Lagging Retirement Plan
There is a little-known retirement plan that can boost the retirement savings and tax benefits of small business owners. For the right person, the plan can boost retirement and tax benefits well beyond those of traditional plans. Unfortunately, some advisors are abusing the law and putting their clients’ retirements at risk. The retirement plan is […]
