Articles Tagged Tax Planning
Tax Planning Starts After Tax Filing
April 27, 2025 | By Manisha Gupta, CFP®, MBA
While tax season may be behind us, thoughtful income tax planning is a year-round effort—and a critical piece of long-term financial success. Reviewing your completed tax return reveals inefficiencies and missed opportunities from the prior year. However, navigating a complex…Read More
Important Numbers for 2025
December 10, 2024 | By David Lowe, CFP®
Below are key changes for 2025 recently released by the IRS. Please contact your AWM advisor if you have questions or need clarifying information for your particular situation. SOCIAL SECURITY 2.5 percent cost-of-living adjustment, effective with benefits payable in January 2025…Read More
Tax Planning Strategies Before Year End
September 12, 2024 | By David Lowe, CFP®
It’s almost the last quarter of 2024. Can you believe it? Now is an ideal time to review your tax planning with your financial advisor and tax preparer or CPA so you can implement appropriate strategies for 2024. If you…Read More
Vacation Home Tax Treatment
March 2, 2023 | By David Lowe, CFP®
If you plan to own a vacation home, you probably already can envision your dream site. It could be a cozy mountain chalet, a relaxed beach house within earshot of the surf or a luxurious apartment overlooking the New York…Read More
2023 Increases for Social Security Income, Retirement Plans, HSAs & IRAs
November 30, 2022 | By David Lowe, CFP®
There are some bright spots amid inflation news. Social Security benefits are set to increase, and workers will be able to contribute more to their retirement accounts in 2023 than in 2022. The following details are important considerations for open…Read More
HSAs: The Triple Tax Advantaged Investment Account
July 26, 2022 | By Manisha Gupta, CFP®, MBA
Although the Health Savings Account (HSA) was created as part of the Medicare Modernization Act in 2003, we field questions almost daily from clients who don’t understand what an HSA account is or how to efficiently use it. During open…Read More
Planning to Use 529 Funds? Read This.
September 14, 2021 | By Manisha Gupta, CFP®, MBA
By Manisha Gupta, AWM Financial Planning Lead & Candidate for CFP® certification Investing in a 529 plan can be an effective and easy way to save for college, but when it comes time to spend those funds, there are some important nuances…Read More
10 Basic Tax To-Dos for the Rest of 2014
September 3, 2014 | By Kevin Smith, CFA
Here are 10 things to consider as you weigh potential tax moves between now and the end of the year. 1. Make time to plan Effective planning requires that you have a good understanding of your current tax situation, as…Read More
Start Planning Now to Better Manage Your 2014 Taxes
April 29, 2014 | By Kevin Smith, CFA
Now that tax season is over and the damage is done, what can you do for 2014 to better manage your taxes? Here are some ideas that may apply to you, in no specific order. We recommend that you consult…Read More