Bonds may not be as glamorous as stocks or commodities, but they are a significant component of most investment portfolios. Bonds are traded in huge volumes every day, but their full usefulness is often underappreciated and underestimated. Why invest in bonds? Bonds can help diversify your … [Read more...]
Investing in Bonds
Video: Tax Planning Issues for Retirees
Hear Emily Petty and Matt Bellomo discuss tax planning issues for retirees. Our checklist highlights things you may not have considered that can have a tax impact, planning opportunities, tax saving tips, and more. From investment income and capital gains tax to deducting medical expenses, our quick … [Read more...]
New $300 Deduction For Cash Contributions
Cash donations up to $300 that were made to qualified charitable organizations in 2020 are now tax deductible, even if you don’t itemize your deductions. The Coronavirus Aid, Relief and Economic Security Act (CARES Act) that was passed in March 2020 included the tax law change to help support … [Read more...]
Qualified Charitable Distributions from IRAs
Did you know that if you are 70½ or older you can make tax-free charitable donations directly from your IRA? You can donate to qualified charitable organizations by making a qualified charitable distribution (QCD) from an IRA directly to the organization. You can exclude up to $100,000 … [Read more...]
Roth Contributions and Conversions
Roth IRAs are popular retirement savings vehicles because distributions from them are tax-free. You can make a contribution to a Roth IRA if your income is below a certain level but another way to fund a Roth is to convert some or all of your IRA or retirement plan money to a Roth IRA. Contributing … [Read more...]