Blog Archives

5 Easy Ways to Save Taxes with the SECURE Act

hand on dollar bills

President Trump recently signed legislation called “Setting Every Community Up for Retirement Enhancement” (SECURE Act).  This legislation has 29 provisions in it and will affect many investors saving for retirement. One of the biggest changes is the removal of the


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4 Easy Ways to Save Income Taxes

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“Nothing can be said to be certain, except death and taxes” – Benjamin Franklin   Sorry, we can’t help with the death part.  But here are 4 Easy Ways to Save Income Taxes:   1. Maximize your 401(k) plan contributions


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Why All Investors Should Fund A ‘Back Door’ Roth IRA

Investors with earned income can fund a Roth IRA for up to $6,000 annually.  Investors age 50 and older can fund an additional $1,000 with a ‘Catch-up” contribution for a total of $7,000 annually.   Earned income is from working as


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3 Reasons to Do a Roth Conversion to Save Taxes

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A Roth Conversion is when you take a distribution from an IRA, tax it and rollover the proceeds within 60 days into a Roth IRA.  In lieu of getting a check, have the funds sent from the IRA to the


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How to Use a Roth IRA to Purchase Your First House

  It can be difficult for younger people to save up to purchase their first house.  Paying rent, making a car payment and perhaps paying off a student loan can drain your cash flow. While a Roth IRA is designed


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