Follow this simple 4-step tax strategy to reduce taxable income and eliminate taxes. It is our goal to never pay taxes again, legally and respectfully. Maybe you too can pay zero taxes.
Is it better to pay taxes on retirement now or later? Taxes:Pay now or pay later? Most people invest in tax-deferred accounts — such as 401(k)s and traditional IRAs — to defer taxes until money is withdrawn, ideally at retirement when both income and tax rate usually decrease. And t...
I want to take part of my IRA pre-tax money and convert it – maybe $5,000 or $10,000 – and pay the taxes on that. When I retire in four years, I would then roll over my 401k Roth into this account. Would the entire balance be available to me to withdraw from in 2025? Wou...
I too am a financial planner (not an MD though, wife does that) and run a hybrid business model (flat fee for financial planning, AUM for investments, commissions on insurance, fee for taxes and student loan advice) I agree with you and with WCI. WCI made an extremely valid point in ...