tax planning


A great tip about Roth conversions

At the AICPA conference, and then later in a Journal of Financial Planning article, I read a really cool idea. I’m not sure it’ll still be possible after Congress gets done hashing out changes to the tax code, but I’ll note it here and we can circle back in January. Here’s the trick: let’s say you’re thinking of converting between $10,000 and $20,000 of IRA money this year. You don’t know for sure how much […]


Tax Alpha

No investment advisor can honestly tell you that they can use their expertise to make you an additional 10% return on your investments. However, I can honestly say that I can, in many instances, save you 10% of your investments through good tax planning to get taxes paid on qualified money at the lowest possible bracket. You don’t want to leave a tip to the IRS! How, you ask? I’ve got a lot of strategies. […]


Charity

The Tuesday after Thanksgiving this year is designated locally as “Giving Tuesday.” A company called Razoo has figured out how to gamify giving. I don’t want to stop anyone from playing if they’re so inclined. Far be it from me to tell you social media has no redeeming qualities. But there are a lot of different ways to think about charitable giving. First, it’s good for you. There’s a fairly new field of study called […]


What to bring to your first appointment with Wendy Marsden, CPA, CFP®

You’ve just signed up for a consultation with a financial professional.  What do you need to bring? It depends a bit on what you’re hoping to get out of the meeting.  Let’s break it into three cases and you can skip to the section you think fits your situation: Financial planning Tax planning Investment advising Financial planning (which may include investment advising, but see that below) The first thing you need to bring is your problem. What is […]


Book Review: “Parlay Your IRA into a Family Fortune” by Ed Slott

I’ve been having a mid-life crisis of sorts regarding the value of tax-deferred savings. I decided to go back and reread the “conventional” wisdom before I disrespect it in front of my clients. Ed Slott is one of the foremost experts on IRAs in the country. He knows every single nuance of how to milk an IRA to the absolute tip top tax advantage possible. He speaks from the same perspective as I do as […]