One of the most common planning questions we get asked, especially from clients with sizable IRAs or pre-tax retirement accounts, is whether they should convert some of those amounts to a Roth IRA. Since such conversions would require paying income taxes on the amount converted, the question is whether doing such a conversion makes any sense. Given..
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When we meet with clients, we are often asked about what type of wealth planning other families like theirs are doing. This can be a challenging question since everyone’s financial situation is different but because most of our clients have obtained or are nearing financial independence, their primary goals are often similar, which is maintaining..
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Although year-end is rapidly approaching, there is still time to implement tax saving strategies to lower your 2023 taxes. Current focus should be on deferring 2023 income into the following year and accelerating potential deductions for 2024 into the current year. This is often referred to as the "normal approach" to year-end tax planing.
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