TAX TIPS THAT MAY $AVE YOU MONEY
When you go to your financial adviser, how much time do you spend talking about taxes? Probably not enough. Incomes taxes, capital gains taxes, estate taxes . . . you know what they are. For these financial advisers, each of whom specializes in women clients, talking about taxes is a priority. You should hear what they’ve got to say.
Uncle Sam Wants to Give You a Gift
It’s a gift that can make every woman’s (and man’s) retirement years that much nicer. It’s easy to collect your gift. Just do this, says Jennifer Hatch of Christopher Street Financial, a New York financial advisory firm that specializes in advice for LGBT persons.
More on Roth IRAs
Potential Tax Pitfall of Variable Annuities
Women live longer than men, so it’s especially important for them to know that when they buy a variable annuity, they may lose tax advantages they have already accrued, as Eve Kaplan of Kaplan Financial Advisors in Berkeley Heights, NJ, explains.
Got a Whole Lot of Money?
You would be surprised how many wealthy women and couples do not have financial plans that are up to date, and thus aren’t keeping up with continuously changing tax laws, according to Dorie Fain, founder and CEO of AndWealth in New York.
More on the Perils of Incomplete Financial Planning
Six Reasons Why Your Retirement Could be a Financial Failure
Paying for College is Painful
Don’t make it worse by missing out on tax benefits many people fail to consider, says Maura Griffin, head of Blue Spark Capital Advisors in New York.
Do You Really Need a Bypass Trust?
With women in control of a growing share of Americans’ personal wealth, they too need to think about whether they need a bypass trust to pass money tax-free to the surviving spouse. Debbie Taylor of Taylor Financial Group goes into detail.
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