We just finished with tax season, and I want to take a moment to discuss how your investment philosophies and strategies impact the tax cost that [you just paid and] you’re going to pay. Let’s do a review of costs. Remember, with investing, there are always costs involved, but you have a role in controlling these [...]
Archive for the ‘Tax Planning’ Category
Tax Strategies to Save Money
Tuesday, April 19th, 20112010 Tax Act: What does it mean to me?
Monday, December 20th, 2010If you blinked, you may have missed it because on Friday Congress passed sweeping changes with the tax law. It is called the 2010 Act. If you remember, income tax rates were scheduled to rise significantly come January 1st, but because of this new law that [Congress] passed, they have extended the 35%, 33%, 28%, 15%, and [...]
Tax & Roth Conversion Planning
Friday, October 29th, 2010Personal finance section in yesterday’s Wall Street Journal, article titled Roth to IRA Reversal opens up options and I definitely want to focus on. But then I started thinking we have 2 months left here in 2010 and what’s really important now is considering what we need to do before the end of the year [...]
How Upcoming New Taxes Impact You
Wednesday, April 14th, 2010So, it’s the week of April 15th, which means it’s tax time and I recently read an article by Sarah Hansford that is titled, “A Hidden Tax Lurks in the Health Care Reform Law.” And I quote, “To help pay for the nine-hundred-and-forty-billion dollar measure…” Let’s stop there — just shy of one trillion. To [...]
To Roth or Not Favorite
Monday, January 4th, 2010Foremost, Happy New Year, hope your 2010 is off to a great start. To all of our clients out there from Financial Harvest, we had a great year in 2009, we’re really excited about 2010, we have some exciting things to share here soon. But today I want to talk about to Roth or not [...]
Taxes & Active Management
Wednesday, April 29th, 2009“Hey gang it’s David Witter checking in. So today we will talk a little bit about taxation and active money management. The reason this is the topic for today is, it’s been very prevalent recently because of tax season and what I want to share with you is the importance of using passive management. Of [...]