5 Questions to Ask as You Begin Your Tax Planning

Paul FennerTax Planning

While I often talk to people about how tax planning should be year-round, it obviously gets the most attention at the beginning of the year when tax preparation begins in earnest. Planning at the beginning of the year should be focused on the following; What are your retirement contributions plans?  Are you focused on 401(k), IRA, or both?  If you … Read More

How to Make the Most of Year End Tax Planning

Paul FennerTax Planning

Planning

There should be three times per year when tax planning should be front and center of your overall wealth management plan; Beginning (January/February), middle (June/July), and the end of the year (November/December). Planning at the beginning of the year should be focused on the following; What are your retirement contributions plans?  Are you focused on 401(k), IRA, or both?  If … Read More

Upset by Your Tax Refund? Act Now or Next Year Could Be Worse

Paul FennerTax Planning

If you weren’t happy with your tax return either because you had to pay more than you thought, or your refund was lower than you expected, now is the time to make a change.  If you don’t adjust your paycheck withholdings now, next year could bring an even bigger shock. Due to the new Tax Code changes, the Internal Revenue … Read More

Tax Planning is Year-Round; 7 Items that You Should be Checking!

Paul FennerTax Planning

Tax Day has been in our rearview mirror for some time now; I thought that I would provide a refresher on the significant tax code changes that went into place during 2018 with the infographic below. Now would be a good time to examine the following; Are you on track to maximize qualified retirement contributions? $19,00 for 401(k)s an additional … Read More

Start Your 2018 Tax Planning Now

Paul FennerTax Planning

Start Your 2018 Tax Planning Now

As anyone could imagine, the hottest topic in wealth planning right now is trying to decipher the impacts of the Tax Cuts and Jobs Act Of 2017.  I am currently working on a summary of the tax legislation which I will publish later this month.  But for now, I think that it is prudent to focus on some other key … Read More

Options to Help Reduce Your Tax Base

Paul FennerTax Planning

As year-end approaches, I have been fielding many questions from my clients about what options they could take advantage of to shelter some of their income from taxes in 2016.  While time is running out with only 6 weeks left in the year, there are several straightforward approaches that could help save you money come tax time in April. Max … Read More