Extension of the ACA “Subsidy Cliff?”

One of the biggest challenges with retiring before age 65 (Medicare eligibility) is navigating the complexities of health insurance coverage. In particular, trying to qualify for premium tax credits that help reduce the cost of health insurance purchased on the...

Year-End Tax Planning Strategies for Individuals

Currently all the focus in the tax world is the potential “Build Back Better” bill being debated in Congress. But without knowing if or when the bill will be passed and what the final version will include, there are still a number of proactive...

Should you convert your traditional IRA to a Roth IRA?

With the potential tax law changes impacting some popular Roth conversion strategies beginning in 2022, many people are asking whether they should go ahead and convert some of their IRA assets to Roth IRAs before the end of the year. As in most things in...

Strategies to consider due to the recent tax law proposals

By now, you probably have heard that the House Ways & Means Committee released proposed changes to the tax code last week. If you’d like to read the full 881 pages, here is a link. For those of you who don’t have the time or desire to read all 881 pages, you may...

How to fully utilize a Donor-Advised Fund

An incredibly useful planning tool for charitable gifting is a Donor-Advised Fund (DAF). A DAF allows you to set aside funds for future charitable gifts while receiving a tax deduction now. Donor-Advised Funds are especially useful for charitably inclined individuals...
How to save $1 million completely tax-free

How to save $1 million completely tax free

My favorite retirement account is a Health Savings Account, or HSA. I know, I’m weird. But hear me out. An HSA is the best of both worlds. It has the benefits of an IRA (pre-tax funding) and a Roth IRA (tax-free withdrawals) as long as they’re used for health care...

Financial Planning Using Your Tax Return

It’s no secret that taxes can play a large role in your ability to retire early and stay financially independent. But are you fully utilizing the available deductions, credits, and other tax planning strategies available to you? Here are some financial planning...

Solo Business Owners: How to qualify for health insurance tax credits while making over $400k per year

With the recent passage of the American Rescue Plan in March, many more Americans are now eligible for health insurance premium tax credit assistance, a tax credit that reduces your health insurance costs. Prior to the recent changes passed in March 2021, there was a...