Discover how TIPS can protect retirees' investments against inflation, providing security and stability for your retirement portfolio.
https://manukafinancial.com/wp-content/uploads/2024/05/TIPS-Smaller-scaled.jpg17072560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2024-05-31 19:14:352024-05-31 19:17:03TIPS for Retirees: A Guide to Inflation-Protected Securities
With the Tax Cuts and Jobs Act (TCJA) passed in late 2017, many things have changed about how to support charities in a tax-efficient manner. The days of writing checks on December 31st may no longer be the best option.
Back in April 2022, I was excited about I Bonds. And now I’m excited to sell them soon. Why?
https://manukafinancial.com/wp-content/uploads/2023/09/When-to-sell-i-bonds.jpg15942400Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2023-09-21 15:12:072023-09-21 15:22:53Why (and When) I’m Selling My I Bonds from April 2022
If you’re holding a large amount of cash at Schwab, this article is for you.
https://manukafinancial.com/wp-content/uploads/2023/09/Maximize-after-tax-yield-at-Schwab-scaled.jpg17082560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2023-09-12 14:08:182023-09-12 14:13:18How to maximize your after-tax yield on cash at Charles Schwab
There is a deduction that I’ve seen missed a number of times, resulting in unnecessarily higher taxes: the deduction for U.S. obligation interest.
https://manukafinancial.com/wp-content/uploads/2023/09/US-Obligations-Tax-Deduction-scaled.jpg19202560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2023-09-06 21:11:272023-09-19 17:30:49Are you missing the tax deduction for U.S. obligation interest?
With higher-than-normal inflation over the last two years, you may have read about an interesting investment opportunity that keeps pace with inflation: the iBond.
Based on my experiences of personally losing clients, relatives, and most recently a sibling, there are a number of things you can do today to help ease the burden on those you will eventually leave behind.
https://manukafinancial.com/wp-content/uploads/2023/01/Losing-a-loved-one-scaled.jpg17072560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2023-01-26 16:55:462023-01-26 16:55:46Lessons Learned from Losing a Loved One
While the changes resulting from the "SECURE Act 2.0" are many, there are a few key components that are relevant to individuals nearing or in retirement.
https://manukafinancial.com/wp-content/uploads/2023/01/mari-helin-ilSnKT1IMxE-unsplash-scaled.jpg17062560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2023-01-11 15:28:332023-01-11 15:30:28SECURE ACT 2.0 for Retirees
Here is a list of the 9 best questions I have personally been asked over the years that I believe are important, along with comments and answers for my own firm...
https://manukafinancial.com/wp-content/uploads/2022/12/Questions-to-Ask-Flat-Fee-Financial-Advisor-scaled.jpg17062560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2022-12-12 16:17:292023-01-11 15:29:059 Questions To Ask A Flat Fee (or any!) Financial Advisor As You Near Retirement
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...
https://manukafinancial.com/wp-content/uploads/2021/09/Proposed-Tax-Law-Changes.jpg11841771Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2022-08-01 18:50:442022-10-13 17:05:46Extension of the ACA “Subsidy Cliff?”
If you have not yet heard, there is an interesting investment option currently available that takes advantage of the high inflationary environment: Series I Savings Bonds (also known as "I Bonds"). Last week I was asked by the team at SoundDollar to write about I...
https://manukafinancial.com/wp-content/uploads/2022/04/News-I-Bonds-scaled.jpg17092560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2022-04-25 16:18:392022-09-07 17:28:54In the News: I Bonds
Last month I was invited to speak on Twitter with my friend Cody Garrett, a fellow CFP®, on The 7 Options for Health Coverage Before Medicare. Given that over 240 people listened, including many other financial planners, I realized how important of a topic this is for...
https://manukafinancial.com/wp-content/uploads/2022/04/Health-Insurance-scaled.jpg17072560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2022-04-11 16:23:592022-09-07 17:34:44Health Insurance for Retirees before age 65
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...
https://manukafinancial.com/wp-content/uploads/2021/09/Proposed-Tax-Law-Changes.jpg11841771Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2022-08-01 18:50:442022-10-13 17:05:46Extension of the ACA “Subsidy Cliff?”
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...
https://manukafinancial.com/wp-content/uploads/2021/10/IRA-vs-Roth-IRA.jpg533800Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-10-25 19:38:082022-09-07 17:58:31Should you convert your traditional IRA to a Roth IRA?
The path to early retirement can be simple: spend considerably less than you earn, invest wisely and let the magic of compounding do the hard work for you. But what happens once you reach your own financial independence (FI) goal? Over the past 13 years, I’ve...
https://manukafinancial.com/wp-content/uploads/2021/08/Early-Retirement-Checklist-Financial-Independence.jpg12541672Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-08-16 20:23:482022-09-07 18:13:15Your Early Retirement Checklist
With the Tax Cuts and Jobs Act (TCJA) passed in late 2017, many things have changed about how to support charities in a tax-efficient manner. The days of writing checks on December 31st may no longer be the best option.
While the changes resulting from the "SECURE Act 2.0" are many, there are a few key components that are relevant to individuals nearing or in retirement.
https://manukafinancial.com/wp-content/uploads/2023/01/mari-helin-ilSnKT1IMxE-unsplash-scaled.jpg17062560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2023-01-11 15:28:332023-01-11 15:30:28SECURE ACT 2.0 for Retirees
Here is a list of the 9 best questions I have personally been asked over the years that I believe are important, along with comments and answers for my own firm...
https://manukafinancial.com/wp-content/uploads/2022/12/Questions-to-Ask-Flat-Fee-Financial-Advisor-scaled.jpg17062560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2022-12-12 16:17:292023-01-11 15:29:059 Questions To Ask A Flat Fee (or any!) Financial Advisor As You Near Retirement
As the pandemic has impacted many parts of the economy, the one area I seem to hear a lot about lately is car prices. With used car prices up about 31% and new car prices up 11% in the last year, you may think I’m crazy to say right now might be a good time to buy....
https://manukafinancial.com/wp-content/uploads/2022/02/Need-a-new-car-scaled.jpg17072560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2022-02-14 20:56:082022-09-07 17:39:52Need a new car? Now might actually be a good time to buy.
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...
https://manukafinancial.com/wp-content/uploads/2021/05/Tax-Return.jpg14112124Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-12-07 21:49:032022-09-07 17:51:50Year-End Tax Planning Strategies for Individuals
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...
https://manukafinancial.com/wp-content/uploads/2021/10/IRA-vs-Roth-IRA.jpg533800Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-10-25 19:38:082022-09-07 17:58:31Should you convert your traditional IRA to a Roth IRA?
As part of the recent tax proposals, one potential change that’s not getting much attention in the early retirement community is an elimination of the affordable care act (ACA) “subsidy cliff.” As I wrote back in June, previously there was an income limit based...
https://manukafinancial.com/wp-content/uploads/2021/09/ACA-Subsidy-Cliff.jpg12541672Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-09-30 00:56:462022-09-07 18:02:51Elimination of the ACA “Subsidy Cliff”?
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...
https://manukafinancial.com/wp-content/uploads/2021/09/Philanthropy.jpg15051992Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-09-08 15:01:042022-09-07 18:08:46How to fully utilize a Donor-Advised Fund
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...
https://manukafinancial.com/wp-content/uploads/2021/09/How-to-save-1-million-completely-tax-free.jpg11821773Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-09-02 17:28:132022-09-07 18:10:24How to save $1 million completely tax free
The path to early retirement can be simple: spend considerably less than you earn, invest wisely and let the magic of compounding do the hard work for you. But what happens once you reach your own financial independence (FI) goal? Over the past 13 years, I’ve...
https://manukafinancial.com/wp-content/uploads/2021/08/Early-Retirement-Checklist-Financial-Independence.jpg12541672Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-08-16 20:23:482022-09-07 18:13:15Your Early Retirement Checklist
Since launching our firm, Michael (Mike) Powers, a flat fee-only financial planner in Richmond, VA, has been fortunate enough to have been covered in the following media publications: CNBC – “4 tips for saving for retirement, according to a financial planner who helps...
https://manukafinancial.com/wp-content/uploads/2022/03/absolutvision-WYd_PkCa1BY-unsplash-scaled.jpg17072560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2022-03-31 18:41:262023-11-02 15:21:40In the Media
One of the best ways to prevent someone from opening accounts in your name without your consent is to implement a credit freeze. This blocks access to your credit reports, so when an application is submitted for credit using your social security number, the potential...
https://manukafinancial.com/wp-content/uploads/2021/12/Credit-Freeze.jpg16722508Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-12-28 21:30:312022-09-07 17:45:29How to Freeze Your Credit
Prior to having children, my wife, Kacie, and I loved to travel internationally. The last trip we took before our daughter was born was to Australia and New Zealand to visit my aunt and uncle. Manuka is the Maori name for a common tree in New Zealand which..
https://manukafinancial.com/wp-content/uploads/2021/05/dreamstime_s_97189871.jpg533800Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-05-28 20:38:012022-09-07 18:21:13What is Manuka? (mah-noo-kah)
Today is a special day. Manuka Financial, a firm created to balance my passion for helping others with my passion for family, is officially open for business. As I begin one of the most challenging endeavors of my career, I wanted to first pause and say...
https://manukafinancial.com/wp-content/uploads/2021/05/kelly-sikkema-fvpgfw3IF1w-unsplash-scaled.jpg17072560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-05-10 12:44:522022-09-07 18:22:40A Letter of Gratitude
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...
https://manukafinancial.com/wp-content/uploads/2021/09/Proposed-Tax-Law-Changes.jpg11841771Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2022-08-01 18:50:442022-10-13 17:05:46Extension of the ACA “Subsidy Cliff?”
Last month I was invited to speak on Twitter with my friend Cody Garrett, a fellow CFP®, on The 7 Options for Health Coverage Before Medicare. Given that over 240 people listened, including many other financial planners, I realized how important of a topic this is for...
https://manukafinancial.com/wp-content/uploads/2022/04/Health-Insurance-scaled.jpg17072560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2022-04-11 16:23:592022-09-07 17:34:44Health Insurance for Retirees before age 65
As part of the recent tax proposals, one potential change that’s not getting much attention in the early retirement community is an elimination of the affordable care act (ACA) “subsidy cliff.” As I wrote back in June, previously there was an income limit based...
https://manukafinancial.com/wp-content/uploads/2021/09/ACA-Subsidy-Cliff.jpg12541672Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-09-30 00:56:462022-09-07 18:02:51Elimination of the ACA “Subsidy Cliff”?
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...
https://manukafinancial.com/wp-content/uploads/2021/06/Health-Insurance-Tax-Credits-scaled.jpg17072560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-06-15 20:04:522022-09-07 18:19:01Solo Business Owners: How to qualify for health insurance tax credits while making over $400k per year
In our first video blog post, Lisa Fajgenbaum, Private Risk Advisor with USI Insurance Services, joins me to address a number of common questions I get asked when considering property and casualty (P & C) insurance. Lisa has helped a number of families I serve...
https://manukafinancial.com/wp-content/uploads/2021/12/Q-A-with-Lisa-Fajgenbaum.png10701925Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-12-17 02:48:462022-09-07 17:49:43Do you have sufficient property and casualty insurance coverage?
Discover how TIPS can protect retirees' investments against inflation, providing security and stability for your retirement portfolio.
https://manukafinancial.com/wp-content/uploads/2024/05/TIPS-Smaller-scaled.jpg17072560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2024-05-31 19:14:352024-05-31 19:17:03TIPS for Retirees: A Guide to Inflation-Protected Securities
Back in April 2022, I was excited about I Bonds. And now I’m excited to sell them soon. Why?
https://manukafinancial.com/wp-content/uploads/2023/09/When-to-sell-i-bonds.jpg15942400Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2023-09-21 15:12:072023-09-21 15:22:53Why (and When) I’m Selling My I Bonds from April 2022
If you’re holding a large amount of cash at Schwab, this article is for you.
https://manukafinancial.com/wp-content/uploads/2023/09/Maximize-after-tax-yield-at-Schwab-scaled.jpg17082560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2023-09-12 14:08:182023-09-12 14:13:18How to maximize your after-tax yield on cash at Charles Schwab
There is a deduction that I’ve seen missed a number of times, resulting in unnecessarily higher taxes: the deduction for U.S. obligation interest.
https://manukafinancial.com/wp-content/uploads/2023/09/US-Obligations-Tax-Deduction-scaled.jpg19202560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2023-09-06 21:11:272023-09-19 17:30:49Are you missing the tax deduction for U.S. obligation interest?
With higher-than-normal inflation over the last two years, you may have read about an interesting investment opportunity that keeps pace with inflation: the iBond.
If you have not yet heard, there is an interesting investment option currently available that takes advantage of the high inflationary environment: Series I Savings Bonds (also known as "I Bonds"). Last week I was asked by the team at SoundDollar to write about I...
https://manukafinancial.com/wp-content/uploads/2022/04/News-I-Bonds-scaled.jpg17092560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2022-04-25 16:18:392022-09-07 17:28:54In the News: I Bonds
US and international developed stocks were up in the 4th quarter, while bond returns were flat. See how each asset class performed, including an article on "All-Time-High Anxiety" from Weston Wellington: Read More...
Global stock and bond markets were mostly flat in the third quarter, with the exception of emerging market stocks. See how each asset class performed below: Read More... Looking for a trusted partner to help you accomplish your financial goals? Reach...
As Manuka Financial continues to thrive, one thing that I always prioritize is putting the interests of my clients first. In that regard, there is a relatively new fee structure that I believe is at the leading edge of financial planning / advising: the fixed flat...
https://manukafinancial.com/wp-content/uploads/2021/09/Flat-Fees.jpg483800Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-09-15 13:33:182024-05-24 00:43:04Why I Switched to Flat Fees
Stock and bond markets were up in the second quarter. See how each asset class performed, including a discussion on inflation from Nobel laureate Eugene Fama, below: Read More... Looking for a trusted partner to help you accomplish your financial goals? Reach...
With the Tax Cuts and Jobs Act (TCJA) passed in late 2017, many things have changed about how to support charities in a tax-efficient manner. The days of writing checks on December 31st may no longer be the best option.
If you’re holding a large amount of cash at Schwab, this article is for you.
https://manukafinancial.com/wp-content/uploads/2023/09/Maximize-after-tax-yield-at-Schwab-scaled.jpg17082560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2023-09-12 14:08:182023-09-12 14:13:18How to maximize your after-tax yield on cash at Charles Schwab
There is a deduction that I’ve seen missed a number of times, resulting in unnecessarily higher taxes: the deduction for U.S. obligation interest.
https://manukafinancial.com/wp-content/uploads/2023/09/US-Obligations-Tax-Deduction-scaled.jpg19202560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2023-09-06 21:11:272023-09-19 17:30:49Are you missing the tax deduction for U.S. obligation interest?
While the changes resulting from the "SECURE Act 2.0" are many, there are a few key components that are relevant to individuals nearing or in retirement.
https://manukafinancial.com/wp-content/uploads/2023/01/mari-helin-ilSnKT1IMxE-unsplash-scaled.jpg17062560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2023-01-11 15:28:332023-01-11 15:30:28SECURE ACT 2.0 for Retirees
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...
https://manukafinancial.com/wp-content/uploads/2021/09/Proposed-Tax-Law-Changes.jpg11841771Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2022-08-01 18:50:442022-10-13 17:05:46Extension of the ACA “Subsidy Cliff?”
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...
https://manukafinancial.com/wp-content/uploads/2021/05/Tax-Return.jpg14112124Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-12-07 21:49:032022-09-07 17:51:50Year-End Tax Planning Strategies for Individuals
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...
https://manukafinancial.com/wp-content/uploads/2021/10/IRA-vs-Roth-IRA.jpg533800Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-10-25 19:38:082022-09-07 17:58:31Should you convert your traditional IRA to a Roth IRA?
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...
https://manukafinancial.com/wp-content/uploads/2021/09/Proposed-Tax-Law-Changes.jpg11841771Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-09-20 15:49:082022-09-07 18:05:10Strategies to consider due to the recent tax law proposals
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...
https://manukafinancial.com/wp-content/uploads/2021/09/Philanthropy.jpg15051992Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-09-08 15:01:042022-09-07 18:08:46How to fully utilize a Donor-Advised Fund
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...
https://manukafinancial.com/wp-content/uploads/2021/09/How-to-save-1-million-completely-tax-free.jpg11821773Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-09-02 17:28:132022-09-07 18:10:24How to save $1 million completely tax free
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...
https://manukafinancial.com/wp-content/uploads/2021/05/Tax-Return.jpg14112124Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-08-04 20:50:072022-09-07 18:14:56Financial Planning Using Your Tax Return
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...
https://manukafinancial.com/wp-content/uploads/2021/06/Health-Insurance-Tax-Credits-scaled.jpg17072560Mike Powershttp://manukafinancial.com/wp-content/uploads/2022/08/1.1-LOGO-DigitalUses-HIGH-NoBackground-1024x795-1-e1660865885676.pngMike Powers2021-06-15 20:04:522022-09-07 18:19:01Solo Business Owners: How to qualify for health insurance tax credits while making over $400k per year
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