Watching The Tax Proposal Duel Unfold

When Susan Roman and I sit down with folks to help them design their retirement system, we usually discuss whether it makes sense to use investment vehicles that result in growth or income on which taxes are paid currently, or whether we kick the can down the street and pay taxes later. A question we […]

All IRAs Are Not Created Equal

If you have ever driven past our office on Teaticket Highway, you may be surprised to hear that four of us work in that small space. We do well with our tight quarters; we manage to work together without getting in each other’s way very often. Part of what makes it work is that we […]

The Most Wonderful Tax Advantages of the Year

While all three of my girls love this time of year, it is my Phoebe who truly exudes the Christmas spirit. Every year after Thanksgiving, Phoebe decorates her room with lights, ornaments, stuffed Santas, holly, mistletoe . . . it’s like walking into a winter wonderland. In fact, this year Phoebe has a big handmade […]

Find Your Own Taxable ‘Sweet Spot’

In anticipation of my 50th birthday, I have challenged my three kids to race against me in the Falmouth Road Race next August. I have bet them each that I will beat them. So, about two months ago I began my quest to do just that. Each morning I have been exercising, trying to become […]

Shifting Your Tax Strategy With the Shifting Markets

Lately, Susan and I have received quite a few phone calls from prospective clients thirsting for strategies to minimize the losses in their retirement portfolios. Folks, no doubt, we have experienced the worst beginning to the year—ever—in the history of the markets!   A few weeks back I wrote that the S&P 500 was down […]

Digging Deeper Into Your IRA

Many reading this article may think IRAs are relatively straightforward, the tax laws surrounding them are black and white, and the rules are clear. But sometimes things are not as straightforward as they seem at first glimpse.   Although the basic IRA guidelines appear to be simple, in order to take advantage of all that […]

NUA—What You Need To Know

Jeff is away and so he asked me to write the article this week. At first I was hesitant. As I told him, he has very big shoes to fill. But then I decided it might be fun to teach you all about something very few people are aware of, a little-known tax break available […]

Marginal Tax Rates—Beware

Butch and Teresa, each age 58, recently stumbled into early retirement. Teresa never worked outside the home, and Butch was laid off from his position at a chemical company. They, like many boomers, found themselves at the doorstep of retirement, without a great deal of retirement planning and absolutely no thought whatsoever about tax planning […]

Paying Taxes For Safety

About a week-and-a-half ago I had an appointment with a very nice couple. They are married, in their middle to late 60s, are very successful, have brought up a very nice family and are recently retired. Let’s call them Dan and Ann. Dan and Ann have about $2 million or so in assets and are […]

The New Staple In Your Retirement Plan

“The single best gift Congress has ever presented the American taxpayer.” “Anyone eligible to start one, should do so now!” “There is nothing more to analyze, it works.” —“The Retirement Savings Time Bomb,” by IRA expert Ed Slott   I bet you are all wondering what “it” is that has earned all of that praise […]