Someone, most likely an annuity salesperson, may have told you an annuity is a good way to reduce your income taxes. Well, here’s a situation we came across where an annuity created a huge tax bill that came as a big surprise to the family.
Real Estate inside an IRA goes wrong. Don’t let it happen to you
You’ve probably been told that IRAs are allowed to hold real estate as an investment. But IRA custodians like Schwab, Fidelity and TD Ameritrade aren’t required to let you include real estate in your IRA account. A taxpayer – not one of our clients – learned this lesson the hard way. Here’s what happened.
Your taxes in retirement might be lower than you think
One of the most common mistakes I see people make is overestimating their tax rate in retirement. This is extremely important for a couple of reasons.
7 Financial moves to consider before the end of the year
Paying attention to these 7 year end financial moves could keep you from over paying on your taxes and leaving an inheritance to the wrong people!