from24/7 Wall St.1 week agoRetirementI'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 professionalsfromEntrepreneur2 weeks agoWhat the New IRS Rules Mean for Your Business - And How to Come Out Ahead | EntrepreneurThe IRS is drastically reducing its workforce and budget, impacting tax enforcement strategies and audit rates.
from24/7 Wall St.1 month agoBootstrappingWith $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 agoMental healthI'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 agoBootstrappingWith $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 agoMental healthI'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.
fromFast Company5 months agoBusinessHere's what to know about the standard deduction in taxesUnderstanding deductions can save taxpayers significant money.The standard deduction provides a simpler alternative to itemizing deductions.
Privacy professionalsfromBusiness Insider7 months agoHow rich Americans use life insurance to save on taxes and protect their kids' inheritance with this neat trickLife 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.