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For most people, Social Security benefits are calculated using a single formula, which takes into account the individual's history of earning income on which they paid Social Security tax. However, the WEP and GPO proved unpopular and difficult to manage in practice. The WEP and GPO adjustments were meant to 'correct' the discrepancy.
Mason, who ran Rubicon Wealth Management, a registered investment advisor in Gladwyne, Pa., Attorney’s Office said he failed to report the fraud proceeds on his personal income tax returns, which generated a tax loss of about $3 million. Today’s sentencing shows how seriously the courts take federal tax crimes.”
These included trust, communication quality, and a general discomfort managing finances alone. Firms can spotlight the concrete financial services they provide – such as tax strategies, retirementplanning, or investment management – in clear, client-friendly language.
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that following the change of administration (and a new incoming chair of the SEC), the Investment Adviser Association is seeking to find ways to help RIAs (particularly smaller firms) manage the compliance responsibilities they (..)
The money goes into the account on a pre-tax basis much like a traditional 401(k) or IRA. This is a great opportunity for those who earn too much to make pre-tax contributions to a traditional IRA. Those who have made the maximum contributions to their 401(k) have another pre-tax savings option available to them as well.
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citywire.com) How Jacob Turner turned a professional baseball career into a wealth management business. thinkadvisor.com) Cutting IRS workers is going to make life more difficult for tax preparers (and payers). advisorperspectives.com) Retirementplanning models are just uncertainty piled on uncertainty. crr.bc.edu)
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The post Tax Strategies for High-Income Earners 2025 appeared first on Yardley Wealth Management, LLC. Tax Strategies for High-Income Earners in 2025. In this comprehensive guide, we’ll explore proven strategies to help you minimize tax liability while staying compliant with current regulations.
Tax deductions can save you thousands annually by reducing your taxable income through legitimate business expenses. Understanding these deductions is more critical than ever as tax laws evolve, presenting new opportunities for savings. Understanding this distinction is crucial for maximizing your tax benefits effectively.
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