Posts Tagged ‘Retirement Planning’
Beware of UBIT Lurking in Your IRA—It Causes Double Taxes , 2025
When you invest in a traditional individual retirement account (IRA), you get a tax deduction for the money you put in and then pay taxes when you take the money out. Money inside the IRA grows tax-free (or tax-deferred, technically, because it’s taxable when you take it out of a traditional IRA). But here is…
Read MoreFailing to Plan: The Costliest Taxpayer Mistake in 2025
As the 2025 tax season approaches, many taxpayers will likely repeat a common and expensive mistake: waiting until the last minute to consider tax strategies. Without proactive planning, you might find yourself paying Uncle Sam more than necessary. Tax planning isn’t just about reducing your tax burden during filing season—it’s about setting yourself up for…
Read MoreUnderstanding the SECURE Act 2.0: What You Need to Know for 2023 and Beyond
As retirement planning continues to evolve, so do the laws that govern how we save, invest, and plan for our future. The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 was a significant step forward, but the passage of the SECURE Act 2.0 in 2022 has introduced even more changes aimed at…
Read MoreRetirement Planning for Doctors: Why It’s Tougher Than You Think
8 steps you should be taking to retire on time with the lifestyle you desire It may be hard to believe that retirement planning can be tough for doctors – after all, the medical profession is one of the most lucrative careers one can choose. But there are more than a few sob stories of…
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