Roth IRA
Tax Planning in Turbulent Times Part 1: The Tools of the Tax-Planning Trade
Submitted by Desmond Wealth Management, Inc. on October 16th, 2021Whether you’re saving, investing, spending, bequeathing or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome. No wonder people get nervous when there’s lots of talk about higher taxes, but little certainty on what may come of it, and who it might affect.
Tax Issues to Be Aware of as Year-End Approaches
Submitted by Desmond Wealth Management, Inc. on December 16th, 2020It seems hard to believe, but the holiday season is almost upon us, and that means that the 2020 tax preparation season will soon follow. With the end of the tax year just weeks away, it may be appropriate (especially this year, in light of the financial havoc created by COVID-19) to review some year-end tax issues that might reduce your tax bite for 2020 or provide long-term tax benefits.
You, Your Retirement and the SECURE Act
Submitted by Desmond Wealth Management, Inc. on February 16th, 2020You may have missed the news – buried in a much bigger spending bill and passed in the thick of the holiday season, but after months of nearly bringing it to the finish line, it’s now official: On Friday, December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law.
Roth IRA Versus Traditional IRA: Which Is Better for You?
Submitted by Desmond Wealth Management, Inc. on September 14th, 2019Tax Traps to Avoid in Retirement
Submitted by Desmond Wealth Management, Inc. on January 28th, 2019Is Now the Time to Convert your IRA into a Roth?
Submitted by Desmond Wealth Management, Inc. on March 5th, 201812 Smart Planning Moves to Consider as Tax Reform Looms
Submitted by Desmond Wealth Management, Inc. on December 11th, 2017It’s hard to believe, but another year is almost behind us. With January just around the corner, now is a great time to review various items you may want to consider as you get set to enter 2018. Many of the IRS publications referenced below are for tax year 2016. Changes are not anticipated when 2017 guides are published.