Homework Time! Let me further explain Part C of your Tax Story worksheet. This is where the strategies we have been learning really come alive for you. Please take the time to fill out this section.
An enhanced Roth Conversion could include the use of a Cash Value Life Policy. This lesson discusses when a Life Policy might be used to accomplish some of the same tax benefits of a direct transfer Roth Conversion (stocks/bonds to stocks/bonds) with some additional retirement planning benefits.
Controlling when you pay taxes can be accomplished through Roth Conversion. This lesson discusses a traditional Roth conversion and the benefits. I also take some time to share two ways that the taxes for a Roth conversion can be planned for and paid (hint: one is better than then the other;) Again, I will go back and use Bill & Janet’s … Read More
This lesson introduces the Donor Advised Fund strategy. I will walk you through how this fund works as well as a few things to consider to determine if this is a good fit for you. I’ll also walk you through the benefits both immediately and long-term.
This lesson discusses a charitable giving strategy called In-Kind donations. As usual I use a few easy to understand examples to illustrate the benefits, requirements and the impact of using this strategy in contrast to the traditional way of donating to charity.
This lesson will introduce what a Qualified Charitable Distribution (QCD) is and how it might work inside of your retirement finances to significantly reduce your taxable income. I will share with you an example along with the benefits and eligibility of this tax strategy.
This Section will introduce the 3 types of charitable giving tax strategies for retiree as well as how to control when you pay taxes through conversions. These are the strategies that we will help you identify wither or not they are a good fit for you in your retirement finance plan.