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Roth Conversion Super Attractive Now For Many People

Roth conversion's are worth a close look now, especially after new tax law. Whether you are retired or not, this may be a great time to convert Traditional IRA (including those 401k rollovers) to Roth IRA's. Why now? The New Tax Law. These…
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Do You Really Understand Your Income Tax Bracket?

You Pay Too Much Income Tax Not to Understand How it Works. Most people do not understand how our progressive income system works. It's time for you to learn if you are one of the many. What's the difference between your marginal…

What You Need to Know & Do With Tax Cuts and Jobs Act - Tax Calculator

The Tax Cuts and Jobs Act is Way Overdue. Just in time for Christmas! Lower income tax rates for people and businesses! A great start toward making government a little bit smaller and letting most people keep more of what they make. Families…
cut taxes
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Tax Saving! 8 Places to Invest, to Minimize Owing Taxes

Why I Dislike Taxes and How I Minimize What I Owe  I want less government in my life and I will do everything I legally can to give Uncle Sam as little of my hard earned money as possible.  If you want more government intervention in your…
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How to Avoid Disastrous RMD Penalties

How to Avoid a HUGE Penalty from Missing the Required Minimum Distributions (RMD) from IRA. Failure to withdraw an RMD by the deadline results in one of the most onerous penalties in the tax code! 50%. That's right! If you were supposed to…
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How to Use Supreme Tax Benefits from Exchange Traded Funds

Exchange Traded Funds (ETF) are popular tax avoidance investment vehicles. If you are not a member of Congress, you are not a "lawmaker."  While you do not make laws, you retain some control over what you do to take advantage of the laws…
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Tax-Advantaged Investment Opportunities

It's not what you make, but what you keep that counts! Consider the strategies I have been using for years to minimize my taxable income. I'm overwhelmed by all the tax I pay (income, real estate, sales, etc.) so I try not add to my tax burden…
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ROTH VS. TRADITIONAL IRA...8 Important Comparisons

Roth vs. Traditional IRA 8 Important Comparisons Roth vs Traditional IRA? Deciding which retirement account type may fit your needs is an important step in retirement planning. The comparisons below provide an overview of the differences…
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Your IRA or 401k Balance is Not all Your's

Your IRA or 401k is partially yours and partially the property of the IRS. Unfortunately, the IRS doesn't tell you what they get until you make a withdrawal. RETIREMENT PLAN REALITY CHECK IRA Balance               Marginal Tax Rates…
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Take Advantage of Tax-Free Roth IRA

Yes, I am referring to you. My favorite retirement savings vehicle is the Roth IRA and you may be wise to use it. There are 3 ways to fund a Roth IRA. 1. FRONT-DOOR Roth Contribution  - Contribute directly if - Married family income…
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Fiscal Cliff Financial Planning – Helping You Keep Your Cash from Being Taxed

Over the next few weeks, I’ll be sharing tax saving strategies for you and your family and friends to fight back and keep more of your hard-earned money. As I write this, there is uncertainty about what will happen with the schedule tax increases…
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Time is Running Out to Get 529 Plan Tax Write Off for 2019

Save for College & Save Taxes HURRY UP to get this done before year-end!   Get your IL 529 College Savings Plan contribution in before year end and get a write off on your IL Income Tax Return.    There are two plans to choose from in…