Reduction Strategies

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Gen Y Tax Saving Tips

Submitted by Sophia Bera on Tuesday, January 20, 2015 - 3:00pm

Many young taxpayers miss out on tax-saving opportunities because they just aren’t aware of them. Here are some tax credits and deductions that you shouldn’t overlook.

Selling a Biz? 2 Tax Tools

Submitted by Scott Thompson on Wednesday, December 10, 2014 - 3:00pm

Selling your business can fulfill many dreams: your lifetime of professional achievement, pride in leaving behind a thriving enterprise – and a potentially large cash payout. But especially if you look to leave a chunk of your estate to charity and are short on heirs, such a bonanza can turn into a mess unless you use the right instruments to protect your money.

2 Helpful Tax Strategies

Submitted by Harold Wong on Tuesday, December 2, 2014 - 3:00pm

If you’re like most taxpayers, you have no clue about the most effective tax strategies for these financial vehicles – especially if you lack access to expensive accountants and attorneys. Here’s some guidance.

Investing to Cut Taxes

Submitted by Ken Weingarten on Wednesday, October 22, 2014 - 12:00pm

After the headline risks of the market and inflation, taxes present the biggest obstacle to your building wealth. Your best investment strategy seeks to not only generate returns on your capital but also to save as much of your money as possible to keep it working for you. One of the surest ways to preserve your capital: Reduce your taxes on investment income and gains.

Here are some strategies.

A Simple Way to Shrink Taxes

Submitted by Nathan Sonnenberg on Wednesday, September 3, 2014 - 9:00am

After tax season, when they realize exactly how much tax they paid at home, a number of my friends, colleagues and clients asked me what they should do to reduce their taxes next year. While I’m not a tax professional, I certainly pay attention to tax rules and rates regarding investing.

My short answer to their question was – create a portfolio of low-fee, thoughtfully constructed stock index mutual funds or exchange-traded funds. Yet not all of them do the job for you. Here’s how to find the right one.

Why Millennials Need Roth IRAs

Submitted by Grant Webster on Monday, August 18, 2014 - 12:00pm

If 20-somethings ask me what to do to get ahead financially, I have a laundry list: create a budget, start investing now, be smart about your taxes and so on. If I absolutely have to narrow it down to one thing, I’d say, open up a Roth individual retirement account.

Saving on Gift Taxes

Submitted by Lewis J. Walker on Tuesday, September 9, 2014 - 3:00pm

Tax strategies are key elements of financial planning. When sharing your fortune with someone else, no matter how you accumulate it, you should understand the tax implications so that your good intentions don’t come back to bite you.