Blog

March 26, 2018

Are Financial Advisory Fees Tax Deductible?

Do you itemize your tax deductions? If so, you might have a chance to partly or fully deduct the cost of the advisory fees you pay for the investment, legal, and tax advice you receive. Under federal tax law, you may deduct “investment fees, custodial fees, trust administration fees, and other expenses you paid...

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March 19, 2018

Are Your Beneficiary Designations Up to Date?

Here’s a simple financial question: who is the beneficiary of your IRA? How about your 401(k), annuities, or life insurance policies? You may be saying, “I’m not sure.” It is smart to periodically review your beneficiary designations. Your choices may need to change with the times. When did you open your first IRA? When...

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March 12, 2018

Tax Efficiency in Retirement

Will you pay higher taxes in retirement? Do you have a lot of money in a 401(k) or a traditional IRA? If so, you may receive significant retirement income. Those income distributions, however, will be taxed at the usual rate. If you have saved and invested well, you may end up retiring at your current...

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March 5, 2018

The Many Benefits of a Roth IRA

The Roth IRA changed the whole retirement savings perspective. Since its introduction, it has become a fixture in many retirement planning strategies. Here is a closer look at the trade-off you make when you open and contribute to a Roth IRA – a trade-off many savers are happy to make. You contribute after-tax...

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