Beware the Medicare Premium Surprise (IRMAA)
The Tripwire that springs the trap two years later!
February 16, 2026
Tag: tax management
Five Sneaky Tax Traps – and How You Can Dodge Them!
Congratulations—you’ve built up a healthy retirement nest egg, maybe even a couple million bucks in a traditional IRA. Cue the applause! No worry about tax traps now! But as you reach retirement and start thinking about how to spend it (or pass it on), Uncle Sam is waiting with a few surprise moves that could mess with your plans. These are the tax traps.
May 27, 2025
Bad Tax Planning begins when you believe your 401(k)/IRA statements.
If you have $500,000 in your 401(k) or IRA, it’s not really $500.000. That’s a tax planning mistake most people make going right out of the gate. If you’re married and filing jointly, it’s more likely you could have $325,000 (35% tax bracket) or just $315,000 (37% tax bracket).
February 18, 2025
Investing
Get Ready for Some Possible Tax Increases!
As you may or may not know, the Tax Cuts and Jobs Act is due to expire at the end of next year – just 16 months from now. The Biden Administration has proposed new tax increases worth knowing about.
August 5, 2024
Uncategorized
Tax-Delayed Isn’t Tax-Free
Believe it or not, investing during working years was the easy part. Just keep accumulating! Even better, the money you put aside wasn’t taxable. Such a deal! Tax-delayed doesn’t mean tax-free however.
February 5, 2024