Harness Wealth

JANUARY 29, 2025

Effective ways to achieve this include: For employees : If your employer offers this option, request that your year-end bonus be deferred to January 2026. Capital Gains : If you have appreciated investments, holding onto them until 2026 can help you defer taxable gains.

Taxes 52

Taxes Medical Distribution Tax Planning 52

MainStreet Financial Planning

JUNE 23, 2023

in 2026, the eligibility age will be adjusted to 46. The beneficiary may only make this contribution if they are not participating in any employer sponsored retirement plan. The current tax law also allows for a rollover from a 529 plan to an ABLE account up to the annual limit amount. With the passing of Secure Act 2.0,

Accounting 98

Accounting Healthcare Taxes Planning 98

Nationwide Financial

JANUARY 26, 2023

Additional ways to fund a Roth IRA For workers with access to a 401(k) or other qualified retirement plan, a designated Roth account can be a fantastic opportunity to create a larger Roth account balance for retirement. Without action by Congress, 2026 could usher in significantly higher tax rates. Is there a better way?

Accounting 98

Accounting Retirement Taxes Retirement Planning 98

Random Roger's Retirement Planning

MARCH 19, 2023

in 2025, 8% in 2026, 7.8% Part G Medicare, the one I believe to be the most robust supplemental plan currently costs an average of $1517/yr with projections of 10+% increases over the next few years. "Currently, retirees with modified adjusted income below $97,000 pay $1,979 a year in Part B premiums. in 2024 and 6.2%

Food 75

Food Medical Insurance Medicine 75

WiserAdvisor

JANUARY 23, 2024

For example, there is going to be an increase in tax rates in 2026 due to the onset of the Tax Cuts and Jobs Act. Financial advisors play a pivotal role in helping clients navigate a spectrum of financial matters, from budgeting and investments to healthcare and retirement planning.

Financial Advisor 40

Financial Advisor Risk Tolerance Communication Taxes 40

Carson Wealth

DECEMBER 27, 2023

Taxes & Retirement Plans Tax law seems to get more complicated every year. As the Tax Cuts and Jobs Act (2017) sunsets in 2026, taxes will only become more complex. For low-income earners, look at marketplace policies that could offer you tax credits or subsidized state-run programs.

Planning 89

Planning Retirement Planning Insurance Taxes 89

Darrow Wealth Management

JANUARY 30, 2023

just upended retirement planning…again. The age when retirees must begin drawing from non-Roth retirement accounts increases to 73 in 2023, then 75 in 2033. Raising the age when withdrawals must begin is great as it gives investors more planning opportunities. The Secure Act 2.0

Distribution 105

Distribution Tax Planning Retirement Taxes 105

Nationwide Financial

MARCH 6, 2023

In 2026, the current larger exemption will be reduced from $12,920,000 in 2023 to about $6 million per person ($5 million per person adjusted for inflation). Tax season has begun, and it’s not too early to think about planning for the 2023 tax year.

Tax Planning 78

Tax Planning Taxes Planning Distribution 78

Dear Mr. Market

NOVEMBER 22, 2024

Portability is now a permanent feature of federal estate tax law, but if your estate plan still includes AB Trust planning, it might now be doing more harm than good. To illustrate how portability can simplify and enhance an estate plan, let’s look at Bill and Alice, who have been married for 40 years.

Estate Planning 52

Estate Planning Taxes Planning Assets 52

Nerd's Eye View

JUNE 20, 2025

without a scheduled sunset) the lower individual tax rates enacted as part of the Tax Cuts and Jobs Act (TCJA), and maintaining the estate tax exemption at TCJA-prescribed levels (which would reach approximately $15 million in 2026), there are several differences between them (e.g.,

Financial Planner 130

Financial Planner Taxes Retirement Planning Clients 130