How your taxes are impacted by changing residency For retirees, relocating to a new state can offer better weather, proximity to family, or a more affordable lifestyle. But one of the most overlooked factors in this decision is how moving can dramatically affect your tax obligations. From income and property taxes to estate laws and… Read More

10 Ways to Reduce Capital Gains Taxes on Investments Capital gains taxes can take a significant bite out of your investment returns—especially if you’re a high-income earner or retiree managing appreciated assets. Fortunately, there are a variety of legal, IRS-compliant strategies to help minimize or defer those taxes, depending on your income level, investment type,… Read More

Tax-Smart Strategies for Charitable Giving For high-income individuals and retirees, charitable giving is more than generosity—it’s a valuable tax planning opportunity. With the right strategies, you can make a meaningful impact while significantly reducing your tax burden. This guide outlines the most effective and IRS-compliant ways to structure your annual giving to maximize both the… Read More

How to Avoid IRMAA In retirement, high-income individuals often encounter an unexpected cost: Medicare IRMAA (Income-Related Monthly Adjustment Amount). This surcharge can significantly increase your Medicare Part B and D premiums. If you’re a retiree who spent years building a high salary, accumulating wealth, or cashing in stock options, you may be subject to IRMAA… Read More

Differences of Beneficiary Designations vs. Wills Estate planning decisions can have lasting effects on your legacy and your heirs’ tax liabilities. One of the most common areas of confusion is the difference between beneficiary designations and wills—and which takes legal precedence when distributing assets. Understanding how each works and the potential tax implications is crucial… Read More

What Retirees Need to Know to Avoid Penalties In 2025, major updates to the IRS’s Required Minimum Distribution (RMD) rules go into effect. These changes will impact retirees across the country. Whether you’re nearing retirement or already taking distributions, it’s critical to understand how these new rules work—especially if you want to avoid costly penalties… Read More

Tax-Efficient Business Succession Planning Guide Transferring your business to the next generation or a new owner is one of the most significant decisions you can make. A well-structured succession plan helps ensure business continuity, preserves wealth, and minimizes tax burdens. Without one, your business could face operational disruptions, legal challenges, or excessive tax consequences. In… Read More

Tax-loss harvesting allows investors to offset capital gains by selling underperforming assets at a loss. This guide outlines key strategies to maximize tax savings while following IRS regulations. What is Tax-Loss Harvesting? Tax-loss harvesting is a tax strategy that helps investors reduce their taxable income by selling investments at a loss to offset capital gains.… Read More

Be Prepared for Your Tax Appointment Bringing the right documents to your tax appointment ensures a smooth filing process and helps maximize deductions. Use this tax documents checklist to make sure you have everything you need when meeting with your tax preparer. Here is a printable version of the Tax Appointment Checklist.  For your convenience,… Read More

High-income earners face substantial tax burdens, but with effective tax planning, they can legally reduce their taxable income and retain more of their earnings. Strategic use of deductions, tax-advantaged accounts, and smart investment choices can help high earners minimize tax liabilities while maximizing long-term financial growth. What is Considered a High Income? The Internal Revenue… Read More