#tax-strategy

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from24/7 Wall St.
1 week ago
Retirement

I'm 45 with $7 million liquid - should I prioritize more Roth contributions in my 401(k), or just stuff it with pre-tax?

Choosing between a Roth and traditional 401(k) depends on tax and retirement income expectations.
Privacy professionals
fromEntrepreneur
2 weeks ago

What the New IRS Rules Mean for Your Business - And How to Come Out Ahead | Entrepreneur

The IRS is drastically reducing its workforce and budget, impacting tax enforcement strategies and audit rates.
#financial-planning
from24/7 Wall St.
1 month ago
Bootstrapping

With $2.5 million in a 403(b) and $4 million in taxable accounts, what's our smartest strategy for housing short-term Treasuries?

The Redditor's tax strategy revolves around leveraging long-term capital gains and deductions to minimize tax liability.
from24/7 Wall St.
1 month ago
Mental health

I've converted 46% of my nest egg to Roth - am I overshooting my target with more conversions?

Balancing your retirement savings between Roth and traditional accounts is key for optimal tax benefits.
from24/7 Wall St.
1 month ago
Bootstrapping

With $2.5 million in a 403(b) and $4 million in taxable accounts, what's our smartest strategy for housing short-term Treasuries?

The Redditor's tax strategy revolves around leveraging long-term capital gains and deductions to minimize tax liability.
from24/7 Wall St.
1 month ago
Mental health

I've converted 46% of my nest egg to Roth - am I overshooting my target with more conversions?

Balancing your retirement savings between Roth and traditional accounts is key for optimal tax benefits.
more#financial-planning
fromFast Company
5 months ago
Business

Here's what to know about the standard deduction in taxes

Understanding deductions can save taxpayers significant money.
The standard deduction provides a simpler alternative to itemizing deductions.
Privacy professionals
fromBusiness Insider
7 months ago

How rich Americans use life insurance to save on taxes and protect their kids' inheritance with this neat trick

Life insurance in a trust can protect assets from estate taxes, allowing wealthy individuals to pass on wealth without liquidating estates.
Using an irrevocable life insurance trust (ILIT) can save ultra-rich taxpayers millions in estate taxes.
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