Skip to content

Taxes

Tax Update and a Checklist for Year-End Planning

Looking to year-end The holidays are always hectic, but consider carving out some time for year-end financial matters. A number of questions about proposed changes in the tax code have come my way. As the Build Back Better  Act winds its way through Congress, (https://www.schwab.com/resource-center/insights/content/congress-drops-most-individual-tax-increases-revised-economic-package) many early proposals… Read More »Tax Update and a Checklist for Year-End Planning

Will Tax Law Changes Increase Your Taxes? Plus Market Update Through September

Will you be paying more in taxes next year? Let’s ask the question in another way. Since politicians have taken aim at high earners: Are taxes going to rise for the wealthiest taxpayers? Clients usually ask, “How will this affect me?” Or, “Will I be ensnared by Congress’… Read More »Will Tax Law Changes Increase Your Taxes? Plus Market Update Through September

SECURE Act Passes in Congress

2019 saw the passage of the SECURE  (Setting Every Community Up for Retirement Enhancement) Act at the eleventh hour.  We wrote late last year about some key provisions to the act that have potential to impact your retirement accounts, depending on your finances (please see https://kuligfinancial.com/the-secure-act-and-its-potential-impact-on-your-retirement-accounts/). This post… Read More »SECURE Act Passes in Congress

The SECURE Act and its Potential Impact on Your Retirement Accounts

Despite all the other things Congress has to do, it has been busy working on the SECURE Act, which stands for Setting Every Community Up for Retirement Enhancement (please see https://www.congress.gov/bill/116th-congress/house-bill/1994 for a link to summaries of the bill). If passed, the Act would be the first major… Read More »The SECURE Act and its Potential Impact on Your Retirement Accounts

Tax Reform and Tax Planning

I suspect that taxes are not high on anyone’s list right at the moment. I know it’s a busy time. Christmas shopping, holiday parties, tree trimming, family visits, and year-end cheer may already be on the calendar. Yet it’s not too soon to start thinking about taxes. And… Read More »Tax Reform and Tax Planning

Roth Savings Strategies for High Earners: Strategy #1 – the Back Door Roth IRA

Roth IRAs and 401(k)s are wonderful savings vehicles. Although you cannot claim a tax deduction for them, their earnings are untaxed and there is no income tax due when withdrawn in retirement, providing some requirements are met. Whenever possible, we recommend some portion of savings be devoted to… Read More »Roth Savings Strategies for High Earners: Strategy #1 – the Back Door Roth IRA