Here are some things to consider as you weigh potential tax moves between now and the end of the year. 1. Defer income to next year Consider opportunities to defer income to 2023, particularly if you think you may be in a lower tax bracket then. For example, you may be able to defer a year-end … [Read more...]
2022 Year-End Tax Tips
Medicare Open Enrollment, Tax Withholdings, & Mullet Contest
Human nature being what it is, small loopholes are likely to be exploited until they become big ones, and big ones until they turn into financial disasters. -Seth Klarman Medicare Open Enrollment Is Here: How are costs changing for 2023? Medicare's Open Enrollment Period - which runs … [Read more...]
Medicare Open Enrollment: How are costs changing for 2023?
Medicare's Open Enrollment Period — which runs from October 15 through December 7 — is your annual opportunity to switch your current Medicare health and prescription drug plans to ones that better suit your needs. Just in time for Open Enrollment, 2023 Medicare premiums, deductibles, and other … [Read more...]
Portfolio Income, 529s vs Other Options, & Heidi
Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient. -Warren Buffett How much annual income can your retirement portfolio provide? Your retirement lifestyle will depend not only on your assets and … [Read more...]
How Much Annual Income Can Your Retirement Portfolio Provide?
Your retirement lifestyle will depend not only on your assets and investment choices, but also on how quickly you draw down your retirement portfolio. The annual percentage that you take out of your portfolio, whether from returns or the principal itself, is known as your withdrawal rate. Figuring … [Read more...]