Enjoy The Tax Planning Considerations Video Series
THE DIFFERENCE BETWEEN TAX PLANNING AND TAX REPORTING
Tax reporting is a mandatory event in April of the following year. Tax planning is a choice or decision that you make throughout the year.
HOW TO READ YOUR TAX RETURN
The key numbers for the average individual to know concerning their tax return are their adjusted gross income (AGI), taxable income, and amount applied to itemized deductions. Understanding how itemized and standard deductions work can impact your financial journey.
INCOME VARIABILITY AND YOUR OPPORTUNITIES
Will there be unusual changes to your taxable income this year? The reasons for the changes all boil down to a potential change in your marginal tax rate. The increase or decrease in your income this year should cause you to consider altering this year’s financial decisions.
THE FOUR THINGS THAT OFTEN DERAIL RETIREMENT
The Fiduciary Focus is a guide to ensure we consider all risks and opportunities that help or hinder your financial journey.
Few individuals want to pay more tax in any given year. We focus on delivering the least amount of taxes over your entire financial journey.
IS BRACKET BUMPING RIGHT FOR YOU
By understanding your financial journey and likely income variability in the future, you can make an informed decision on whether it is better to pay taxes at your current marginal rate or wait until a later time.
THE DOUBLE STACKING STRATEGY
Is the Double Stacking Strategy right for you?
The Double Stacking Strategy may be right for you if you itemize or have large deductions – primarily derived from state taxes, mortgage interest, and charitable gifting.
THE TWO Cs OF THE ROTH STRATEGY
Understand there are two Cs to remember when evaluating Roth Strategies: Contribution and Conversion. When making a Roth contribution, you are adding dollars into your Roth account with earned income. There are two restrictions to be mindful of when it comes to contributions.
CHARITABLE GIFTING STRATEGIES: THE BETTER GIVER
Our focus at Financial Enhancement Group is to assist you in being efficient in your financial decision-making process. Efficient to us means taking your hopes, dreams, and desires and helping your financial journey meet your expectations with the least interruptions.
Speak to one of Our Advisors to make sure you’re making the most of your tax planning options!
We help reduce financial regrets, and few issues are more regrettable than simple tax strategies that were overlooked and are no longer an option.Your beneficiaries and your spouse will thank you for investing your time in tax planning.From Our Family to Yours, Thank You!
