Have you ever finished your tax returns and wondered if you could have done more to maximize your tax breaks for your charitable contributions? If so, you’re not alone. Thanks to tax law changes, many taxpayers who used to itemize their deductions can take the...
One of the trickier decisions of saving for retirement is determining which accounts to prioritize with your savings. Is it most important to max out a 401(k) before an IRA? At what point should you use a taxable account for retirement savings? How does debt play into...
The end of the year is traditionally a good time to tackle tax planning, but this year’s tax reform has narrowed the window of opportunity a bit. Plancorp’s Brian King (Chief Planning Officer) released this note a few days ago to our clients with...
The charts below were created by Plancorp to summarize the key provisions within the proposed House and Senate bills as they currently stand. This is not an all-inclusive list, but gives you a good idea of the differences as it stands today (the Senate bill may...
Financial advisors are quick to encourage individuals transitioning into new jobs or who are near retirement to roll their 401(k) account into an IRA. But is a rollover always your best option? While it’s a popular move, that doesn’t mean it automatically makes sense...