by Joe Allaria | Dec 23, 2024 | Article, Retirement Planning, Tax Planning
2025 Contribution Limits The IRS has announced new contribution limits for Traditional IRAs, Roth IRAs, 401(k)s, and Simple IRAs for 2025, along with updated Standard Deduction amounts and Marginal Tax Brackets. The IRS has released its 2025 cost of living...
by Joe Allaria | May 24, 2024 | Article, Tax Planning
Charitable giving not only supports meaningful causes but can also help reduce taxes if done strategically through gifting appreciated shares, Qualified Charitable Distributions (QCDs), and Donor-Advised Funds. Smarter Ways to Give to Charity and Save on Taxes...
by Joe Allaria | Nov 30, 2023 | Article, Retirement Planning, Tax Planning
The IRS has announced new contribution limits for Traditional IRAs, Roth IRAs, 401(k)s, and Simple IRAs for 2024, along with updated Standard Deduction amounts and Marginal Tax Brackets. The IRS has released its 2024 cost of living adjustments, which include new...
by Joe Allaria | Jan 13, 2023 | Article, Retirement Planning, Tax Planning
Secure Act 2.0 has been passed and continues to build upon retirement legislation that was passed in the original Secure Act of 2019. The bill is filled with dozens of changes to previous retirement law and provisions will be phased in over the next several years,...
by Joe Allaria | Nov 26, 2022 | Article, Portfolio Management, Retirement Planning, Tax Planning
When a new year is approaching, that means the window for certain opportunities is closing. Taking advantage of a few simple year-end strategies can help save you taxes and increase your bottom line. The year is almost over, and it has certainly been a bumpy one for...
by Joe Allaria | Jul 26, 2022 | Article, Portfolio Management, Retirement Planning, Tax Planning
Roth conversions are the repositioning of assets in a Traditional IRA or qualified employer sponsored retirement plan to a Roth IRA. This strategy could make sense for investors even as they approach retirement, but it’s important to understand the implications...
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