We’ve all been there. We make a big purchase only to find out later… we regret the purchase. Buyers remorse is the real deal. Fortunately, there is a way to prevent this and spend money in a healthier and happier way.
Taxes often feel like the enemy around this time of year, particularly for high earners. However, there are some great ways to minimize your tax burden. This post has 5 of them plus a 6th tax hack.
People love getting their big tax returns. It has even made news for those (for and against) the new tax bill. But is getting a tax refund a good thing? Read the post to see what I think, and how I recommend you figure it out to get it right.
The Alternative Minimum Tax (AMT) is an archaic tax law that was originally intended to make sure that high income earners were “paying their fair share.” As if the tax law was not complicated enough, the tax law experts thought it necessary to not only calculate your taxes once, but twice. The first time it is calculated through the regular methods (brackets, etc) and the second time through the AMT. Whichever is higher is the tax you pay. So, today we will answer the question “Will I pay the AMT”
The Stretch IRA is the gift that keeps on giving. It provides a wonderful way to leave an inheritance and has particular benefits not seen by other kinds of inheritance money. Perhaps there is a reason why “Roth money should be touched last” in retirement.
The new Tax Cuts and Jobs Act took changed my most recent paycheck. The increase was substantial. I had previously made the calculations to determine how much it ought to increase my paycheck, but was eager to see what the number would actually be. Today we will answer the question of “how does the tax bill affect me?”