by Joe Allaria CFP®, MBA | Oct 19, 2020 | Article, Portfolio Management, Tax Planning
5 Smart Tax Moves for your Brokerage Account Key Takeaways: Use your brokerage account as a funding source to max out tax-advantaged accounts like a Roth IRA, a 401(k), and an HSA so more growth happens with better tax treatment. If you give to charity, donating...
by Joe Allaria CFP®, MBA | Sep 21, 2020 | Article, Portfolio Management, Retirement Planning, Tax Planning
5 Ways to Get More Money in a Roth IRA Key Takeaways: If you’re eligible, the simplest way to add to a Roth IRA is to contribute from earned income, but higher income can limit or phase out direct Roth contributions. If you make too much to contribute directly, the...
by Joe Allaria CFP®, MBA | Apr 29, 2020 | Article, Portfolio Management, Tax Planning
What is Tax-Loss Harvesting? Key Takeaway: Tax-loss harvesting is selling an investment at a loss in a taxable account to offset gains (and sometimes income), then reinvesting in a similar—non-identical—holding to avoid the wash-sale rule. The COVID-19 Crisis has had...
by Joe Allaria CFP®, MBA | Jan 13, 2020 | Article, Estate Planning, Portfolio Management, Retirement Planning, Tax Planning
5 Things the SECURE Act Has Changed for Individuals Key Takeaways: Required minimum distributions now start at age 72 (with the first one due by April 1 of the following year). Most non-spouse inherited IRA beneficiaries can no longer stretch withdrawals over a...
by Joe Allaria CFP®, MBA | Dec 2, 2019 | Article, Portfolio Management, Retirement Planning, Tax Planning
What Tax and Contribution Limit Changes Will Take Place in 2020? Key Takeaways: For 2020, the elective deferral limit for 401(k)/403(b)/457(b)/Roth 401(k) plans is $19,500, with a $6,500 catch-up for people 50+. For 2020, Traditional IRA and Roth IRA contributions are...
by Joe Allaria CFP®, MBA | Sep 9, 2019 | Article, Portfolio Management, Retirement Planning, Tax Planning
When Can I Access My Retirement Accounts? When Can I Access My Retirement Accounts? Retirement accounts offer attractive tax benefits that make them a key part to long-term financial planning. However, with those benefits, there are also certain limitations and...
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