Today we describe a way you can help others by gifting appreciated stock. You may want or need to help support someone with a low income (parents or children). Gifting appreciated stock could allow you to help others without paying tax on the gain. Continue Reading
As our loved one’s age, we want to be able to ensure their needs are met, including managing their finances when they can’t. A common misconception is that a Power of Attorney or having their assets in a trust will solve all problems. Continue Reading
Roth conversions this year can be a great way to save on taxes later. Our money has to last for the next 30 to 40 years and fund our roving retirement lifestyle. So, I spend considerable time thinking about ways to save on taxes. Continue Reading
In the previous IRA article we discussed how to use Traditional and Roth IRAs as part of your retirement savings. In this article we discuss the advantages of converting money from a Traditional IRA to a Roth IRA during your LivingChapter 2. Continue Reading
I have spent a lot of time over the last few years thinking about ways to maximize my savings and minimize my tax liability. After much reading and talking to others, I think I understand how a Roth IRA can help you and me with savings and taxes. Continue Reading