“Backdoor Roth IRA Conversions:Smart Move or Hidden Tax Trap?” To get my complete articlewith all the details… Is the Backdoor Roth IRA Your Secret to Tax-Free Wealth—or a Costly Mistake? For years, you've been told Roth IRAs are one of the best tools in the tax-planning toolbox. But what if your income is too high to contribute directly? Enter the Backdoor Roth … [Read more...]
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Kill the Tax Bite from Your RMDs with This Smart Move
“Beat the Taxman:Use the Tax Code–Created QCD to Kill Your RMD” To get my complete articlewith all the details… If you're age 73 or older (or getting close), you already know: those required minimum distributions (RMDs) from your IRA can do a number on your taxes. But what if we told you there’s a way to satisfy your RMD, support a cause you care about, and … [Read more...]
Unlock Triple Tax Advantages with Your Employee-Spouse
“Save Big on Taxes with aSimple Health Insurance Strategy” To get my complete articlewith all the details… Did you know that if your spouse is your only employee, you can save thousands in taxes by reimbursing them for health insurance? This strategy lets you: Deduct health insurance costs as a business expense Provide tax-free benefits to your spouse Avoid … [Read more...]
New IRS Rules for Inherited IRAs in 2025—What You Need to Know
“Don’t Let IRS Rule ChangesCatch You Off Guard” To get my complete articlewith all the details… Big changes are coming for inherited IRAs in 2025, and understanding these updates is critical to protecting your retirement savings. Key highlights: Required Minimum Distributions (RMDs) are now mandatory for most beneficiaries. Missing them could cost you up to 25% … [Read more...]
Love and Taxes: Why Marriage Isn’t Always a Financial Match
“Marriage: A Big Step withBig Tax Implications” To get my complete articlewith all the details… Marriage is a life-changing decision rooted in love—but did you know it can have a major impact on your finances and taxes? Before you say “I do,” explore the lesser-known tax consequences of tying the knot. From the “marriage penalty” to tax breaks you might lose, … [Read more...]