Mega Roth Conversions – The Basics If you want to get more money into a Roth IRA than what you can normally do, then you may want to think about doing a large, or mega, Roth conversion with after-tax money. This mega Roth conversion strategy could allow you to add an additional $36,500 into a Roth […]
Tax Changes Affecting Physicians
If you are a physician or are in another high-earning field, you may be wondering how the new tax changes will affect your money. Here are three main changes that may affect you, and how to handle them: Tax Bracket Reduction First and foremost, your tax brackets have changed. If you earn between $200,000 […]
How the New Tax Law Affects New Hampshire
The Tax Cuts and Jobs Act is now in effect, and it brings some specific concerns for the Granite State. If you live in New Hampshire, here are what some of the changes mean for you: Standard vs. Itemized Deductions The new tax law caps deductions for state and local income and property taxes […]
5 Ways to Decrease your Tax Bill
Spring is a long way off, but you can still get a jump on your taxes. Here are 5 ways you can decrease your tax bill next April: Increase 401(k)/403(b) Contributions to Decrease Your Tax Bill Contribute to your 401(k) or 403(b) account by the end of the year. That’s going to reduce your income, […]
How to Avoid a Large Tax Bill
A large tax bill can be a minor annoyance or a huge financial burden, depending on your situation. Regardless, there are ways to cut down on the amount you’ll pay at tax time. The more prepared you are throughout the year, the better you’ll fare when you’re filing: Check Withholdings to Adjust Your […]
