Harness Wealth

NOVEMBER 12, 2024

As the year comes to a close, now is the time to review potential financial moves to help minimize your tax burden heading into 2025. Proactive year-end tax planning can lead to significant savings and set you up for financial success in the new year. GET STARTED 1. For those over 50, the limit is $8,000.

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Harness Wealth

APRIL 16, 2025

Roth IRA conversions present a significant challenge for retirement planners: pay taxes now or later? Moving funds from traditional IRAs to Roth accounts triggers immediate taxation but promises tax-free withdrawals in retirement. One of the Roth IRA’s most compelling features?

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Darrow Wealth Management

JULY 1, 2024

Higher tax brackets are coming back The Act created new, lower, tax rates and increased the income thresholds before each new marginal tax bracket applied. For example, in 2017, the marginal tax brackets were 10%, 15%, 25%, 28%, 33%, 25%, and 39.6%. In 2018, the brackets dropped to 10%, 12%, 22%, 24%, 32%, 35%, and 37%.

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Darrow Wealth Management

JULY 1, 2024

Higher tax brackets are coming back The Act created new, lower, tax rates and increased the income thresholds before each new marginal tax bracket applied. For example, in 2017, the marginal tax brackets were 10%, 15%, 25%, 28%, 33%, 25%, and 39.6%. In 2018, the brackets dropped to 10%, 12%, 22%, 24%, 32%, 35%, and 37%.

Taxes 52

Taxes Tax Planning Planning Estate Planning 52

eMoney Advisor

DECEMBER 27, 2022

Accumulating wealth refers to growing investments, paying down debt, and saving for retirement. Financial freedom advances to long-term care and children’s education, as well as retirement savings and vacations. Routledge Press, 2018. At this level, the focus shifts to growing assets for long-term success and longevity.

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Brown Advisory

DECEMBER 4, 2017

presidential election, we have grappled with the lack of clarity regarding the details of new tax legislation. The outcome of the tax reform debate is likely to impact how we advise clients on tax planning, estate planning and a host of other topics. The estate tax exemption rose slightly to $5.49

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Planning Taxes Clients Tax Planning 52

Cordant Wealth Partners

NOVEMBER 20, 2020

Initially, with top marginal tax rates as high as 90 percent in the 1960s and 70 percent in the 1970s, these plans’ primary benefit was to shift income into lower-tax, retirement years. The longer the tax deferral is in place, the more valuable this is.

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