Taxes Archives -

An effective tax strategy to minimize the taxes you pay is a critical component to anyone’s overall financial plan.

Living Longer Sounds Nice But Can You Truly Afford It
Annuities, Estate Planning, Insurance, Investing, Real Estate, Retirement Planning, Social Security, Taxes

Living Longer Sounds Nice But Can You Truly Afford It

"Many people who carefully plan for their income needs in retirement do so based upon a fixed retirement horizon of average life expectancy and thus might give short shrift to the significant probability of living longer." - American Association of Actuaries Blues legend Albert King once observed, "Everybody wants to go to heaven, but nobody [...]

By Harry Abrahamsen|2020-05-19T20:48:50+00:00May 19th, 2020|Annuities, Estate Planning, Insurance, Investing, Real Estate, Retirement Planning, Social Security, Taxes|

In Troubled Times Focus On The Good
401(k) Rollovers, Annuities, Financial Planning, Insurance, Investing, Taxes

In Troubled Times Focus On The Good

As we enter new and dangerous waters, there are many new questions and concerns we’ll need to re-visit. Not only is our health at-risk daily, but so is our livelihood. Retirement, whether you’re already there or are approaching it, may face drastic, never-before-seen adjustments. Our personal goals and values may need adjustment too. And, perhaps, [...]

By Jay Winestein|2020-04-21T20:35:36+00:00April 15th, 2020|401(k) Rollovers, Annuities, Financial Planning, Insurance, Investing, Taxes|

Does Your 401K Or IRA Need To Be Rescued
Taxes

Does Your 401K Or IRA Need To Be Rescued

Because of the accumulation benefits of tax deferral, many individuals have successfully created substantial IRA or 401K accounts or other qualified plans. It is not uncommon for these accounts to have amassed seven figures of total dollars. It is also usually the case that little attention has been focused on what will happen to [...]

By David Albin|2020-04-14T18:18:20+00:00October 7th, 2019|Taxes|

The Best Time for Tax Planning
Taxes

The Best Time for Tax Planning

Tax planning involves far more than scrambling in April to defer income and boost deductions. If you want to minimize what you pay in capital gains tax, reduce your year-end tax bill, and give less of your estate to Uncle Sam, you should be aware of the short- and long-term tax consequences of all your financial moves.

By Bill Broich|2020-04-15T23:41:57+00:00June 1st, 2019|Taxes|

Advantages of the 1035 Exchange IRS Code
Taxes

Advantages of the 1035 Exchange IRS Code

A 1035 Exchange is the exchange of one insurance policy for a newer policy with no tax consequences. It offers an investor the opportunity to exchange an old, outdated insurance contract for a newer contract that offers beneficial features the investor now wishes to include. For example, a policy owner might choose a contract with lower costs, a higher death benefit, the drawing of monthly installments or different investment options.

By Bill Broich|2020-04-13T18:10:10+00:00March 13th, 2019|Taxes|

Elder Abuse And Tax Scam Issues
Annuities, Taxes

Elder Abuse And Tax Scam Issues

Dont be scammed by crooks when it comes to taxes Regardless of what happens with the DOL ruling and other regulatory issues, one thing will become more and more relevant in our business. Congress, the individual states and local agencies will turn a hard focus on elder abuse. Elder abuse is increasing, at least the [...]

By Bill Broich|2020-04-14T18:24:16+00:00December 17th, 2018|Annuities, Taxes|

Management Of Annuity Taxation
Taxes

Management Of Annuity Taxation

A tax-deferred annuity provides tax deferral in which income tax on the yield on the original deposit of investment income is not charged during the investment period, as long as the funds remain on deposit in the annuity. The tax liability is postponed until the annuity’s owner or beneficiary begins to receive (or accesses funds) [...]

By Bill Broich|2020-04-17T18:11:32+00:00June 28th, 2018|Taxes|

3 Overlooked Tax Reductions That Will Shock You
Taxes

3 Overlooked Tax Reductions That Will Shock You

Make sure you do not forget these tax deductions There are the standard tax reductions every taxpayer knows about, but there are three others few realize that they can deduct to reduce their taxes. Plus a bonus! Volunteer work donations Many American volunteer their time and services to nonprofit organizations instead of making financial [...]

By Joe Edgeworth|2020-04-13T17:54:50+00:00April 3rd, 2017|Taxes|

Beware Tax Scams
Taxes

Beware Tax Scams

Tax Scams: IRS Dirty Dozen It is tax time and with it will come many offers to lower your taxes and in some situations to avoid them altogether. These helpful hints may be grouped together under one heading: Scams. Tax scams are prevalent throughout the internet, here are a few that are so obvious that to [...]

By Bill Broich|2020-04-13T19:08:20+00:00March 1st, 2016|Taxes|

Make Sure Your Year-End Financial Checklist Makes Sense
Taxes

Make Sure Your Year-End Financial Checklist Makes Sense

Year end is a good time to consider changes that can help you maximize your next tax year. This article lists areas of focus including record keeping and tax liability planning.

By Bill Broich|2020-04-17T18:09:57+00:00December 11th, 2014|Taxes|

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