The tax treatment of income from an annuity is an important factor that should be considered when evaluating product options to support a retirement income plan. Other tax considerations would also apply with regard to death benefits and the impact on an estate plan. (Read more about the different types of annuities and how...
Read more →You are saving for retirement. You have a 401(K) plan, or an IRA, or even both, some savings and a financial plan in place to repay your mortgage before you retire. Kudos to you! You are well prepared. However, have you considered the tax implications of your retirement planning? If you are like most...
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When is the last time you thought about your lifetime tax strategy? You know, the lifetime tax strategy that helps you minimize taxes, take advantage of the tax code and pay no more than you need to? If you are thinking that you don’t have one or that you have no idea what this...
Read more →Tax season is underway, but it may not be too late to lower your tax bill. There are still steps you can take to cut your taxes and increase your refund. Small Life Changes Make a Big Difference The first tip to lower your tax bill is this: realize that the IRS changes the...
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