Wealth and Investment Services


A Beginner’s Guide to Tax-Smart Retirement Withdrawal Strategies

For many, retirement is the phase of life to kick back, relax, and enjoy the fruits of years of working and saving. However, financial decisions before and during retirement can significantly influence our quality of life and tax liability. Therefore, employing tax-smart retirement withdrawal strategies may help you maximize your retirement nest egg. Here are seven tax-smart retirement withdrawal strategies to help mitigate your tax burden and help you maintain financial confidence throughout retirement: 1. Tap into your non-retirement accounts first Withdrawing money from your non-retirement accounts may make sense earlier in retirement. Why? The IRS doesn’t tax the principal ...
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#GivingTuesday: A Global Day for Giving Back

Consider whether a donor advised fund can help build a more generous world   November brings us Thanksgiving – a day for simply giving thanks. The 11th month also brings us Black Friday and Cyber Monday – two days encouraging us to shop. And since 2012, the Tuesday after Thanksgiving also offers us #GivingTuesday, the Tuesday after Thanksgiving where we can come together for one common purpose: to celebrate generosity and to give back. According to GivingTuesday.org, last year saw $2.7 billion given in donations in the U.S. alone, with 35 million adults participating in a variety of ways, including donations, ...
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End of Year (EOY) Deadlines Checklist

For many of us, a new year is an opportunity for fresh starts and discovering the best versions of ourselves, but some things—like tax contributions and retirement deadlines—don’t change much, if at all. And with that shiny new year right around the corner, meeting end-of-year deadlines and getting tax efficiencies in place now may prepare us for a smoother transition. Read on for several things you’ll want to accomplish before 2023 draws to a close. Establish or Contribute to a Keogh Plan or Solo 401(k) In 2023, a Keogh plan, or a tax-deferred pension plan that’s available to unincorporated businesses or the self-employed, allows ...
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3 Tax Strategies Every Doctor Should Consider

Being a doctor comes with a lot of stressors, but planning for taxes should not be one of them. As a doctor, you have been through years of hard work and may be looking for ways to help limit your tax liability and preserve as much of your hard-earned income as possible. Below are some tax strategies that doctors may find useful to help minimize their tax liability. Contribute More to Your Retirement Account Contributions A great way to limit your tax liability while also giving your retirement savings a boost is by contributing the maximum annual amount to any ...
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