Tax-Free Income

2019-07-02T20:51:07-04:00July 12th, 2017|

Yes, that’s correct, there are some forms of income you receive that may be tax-free. Here is a list of ten common sources of tax-free income. Gifts. Gifts you receive are not taxable income to you. In fact, they are not subject to gift tax to the person giving the gift as long as the [...]

Donate Stock to Lower Your Tax Burden

2019-07-02T20:51:07-04:00June 26th, 2017|

With U.S. equity valuations near historically high levels, now might be an opportune time to take advantage of the tax benefits of donating long-term appreciated stock to a qualified charity. Donate stock you've held for at least one year provides greater tax benefits than writing a check to your favorite cause. Higher deduction Your charitable [...]

Four Tips for Working Beyond Retirement Age

2017-05-15T21:27:35-04:00May 15th, 2017|

Many people choose to work into their retirement years. If this is something you’re considering, here are some tips to make sure you get the greatest benefit from your efforts. Consider delaying Social Security. You can start receiving Social Security retirement benefits as early as age 62, but if you continue to work, it may [...]

Be Tax Wise When Withdrawing Your Retirement Savings

2017-04-18T08:06:58-04:00April 18th, 2017|

You've spent years saving for retirement, but now it's time to plan the best way to manage your retirement savings withdrawals. Here is a potential method to help maximize your funds using a tax-advantaged strategy. First, look at Social Security and pensions. You can use these funds for daily living much the same as you [...]