Blog tagged as Tax Planning

Could Custodial IRAs Help Young Adults Buy Homes?

11/12/2021 08:00 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

Could Custodial IRAs Help Young Adults Buy Homes?

Individual retirement arrangements (IRAs) are for retirement saving, right? Absolutely. Is that their only purpose? Not necessarily.

Your 2021 Guide to Year-End Charitable Giving

11/10/2021 01:46 PM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

Your 2021 Guide to Year-End Charitable Giving

Whatever your reason for giving this year, it’s important to know how your charitable contributions can impact your financial plan. In fact, being strategic and intentional in your 2021 contributions can create tax benefits for both you and your chosen charity.

End-of-the-Year Money Moves in 2021

11/04/2021 08:00 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

End-of-the-Year Money Moves in 2021

Here are some things you might consider before saying goodbye to 2021.

Estate Taxes May Be Changing Soon

10/29/2021 08:32 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

Estate Taxes May Be Changing Soon

Congress is considering a number of tax law changes, including an adjustment to current estate tax law to help pay for the Build Back Better Plan. This timely piece examines current estate taxes and cautions against any sudden estate changes in the near future.

You Received Unemployment Benefits: What Does That Mean for Your Taxes?

10/28/2021 08:42 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

You Received Unemployment Benefits: What Does That Mean for Your Taxes?

Receiving unemployment compensation is a huge help. But an unexpected tax hit? Not so much. Here are 3 ways you can take control of your taxes if you claimed unemployment benefits this year.

5 Tax Tips for Homeowners

10/26/2021 11:14 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

5 Tax Tips for Homeowners

If you're just buying a new home, here are some tax tips that can help you get the most out of your tax return. Existing homeowners, may find value in some of these tips as well.

Debt After Death: Protecting Your Estate and Heirs

10/07/2021 08:14 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

Debt After Death: Protecting Your Estate and Heirs

When it comes to our inevitable death, chances are we’re all going to have at least a little bit of debt. Creditors are entitled to payment of these debts, regardless of someone passing or not.

How to Avoid Common Estate Planning Mistakes

10/06/2021 12:37 PM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

How to Avoid Common Estate Planning Mistakes

Your legacy is important for both you and your family, so don't wait until the last minute to strategize. Here are 6 ways to avoid common estate planning mistakes.

9 Questions to Ask Yourself During the Estate Planning Process

10/05/2021 02:36 PM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

9 Questions to Ask Yourself During the Estate Planning Process

You want to check off all the boxes when it comes to making an estate planning strategy. But it can be hard to see what you may still be missing. As you work with your financial professional, start by reviewing these 9 questions.

Tax Planning in Turbulent Times Part 3: Tax-Wise Financial Planning

09/02/2021 11:15 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

Tax Planning in Turbulent Times Part 3: Tax-Wise Financial Planning

Tax planning isn’t just for your investments. Life happens. Often, we cannot predict its next moves, but it's possible to weave each event into the tax-planning fabric of your financial life.

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