OK, let’s remember that paying taxes on tax-postponed IRAs are inevitable. The tax judgment day will come… both during and after your life. The taxes must be paid at one point – at future tax rates, tax brackets and deductions that are unknown today. The IRS is an unwanted but a very real beneficiary of your retirement savings (while you’re alive taking any distributions… and at death). Whatever the account balance on your traditional 401K/IRA statement shows, a good chunk … Continue reading

With the DOW now having intra-day moves of 1,000+ points based mostly on Coronavirus fears, this is a great time for investors to give increased thought to their investment holdings and market-based portfolios. And although most of the headlines are about the US and other major STOCK markets, in many ways, a bigger concern to me is the BOND market. Yes… bonds! Today, the 10-year US Treasury bond went down to a yield of .97%. That’s under 1%!  WOW. When … Continue reading

The Talk No One Wants to Have: Planning for Long-Term Care! by Cavalier Associates    No one wants to think about old age, incapacitation, and the long, slow slide toward the grave – let alone talk about it with your adult children who will very likely be in the mix! But if you’re not ready to discuss this with your children, at least discuss this with your spouse. God forbid it should happen to you, or to your loved ones. … Continue reading

Use Your Business to Maximize Charitable Donations Do you own a business? Are you self-employed? Giving to your church, school, or other 501(c)(3) charity is a noble and important act no matter how you choose to give. These organizations do more good – with less funds — than the government! But for the purposes of tax savings, some forms of giving are much more beneficial to you than are others. As a business owner, you can use some business strategies … Continue reading

Congress Reinstates Expired Tax Provisions Congress let many tax provisions expire on December 31, 2017, making them dead for your already-filed 2018 tax returns. In what has become a much too common practice, Congress resurrected the dead provisions retroactively to January 1, 2018. That’s good news. The bad news is that if you have any of these deductions, you have to amend your tax returns to make this work for you. And you can relax when filing your 2019 and … Continue reading