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Smart Tax Moves Before Year-End

Our clients know that toward the end of each year, we review non-retirement portfolios looking for opportunities to harvest capital gains and losses.  This year, that task will have a heightened importance, as capital gains tax rates are likely to rise next year from their historic lows. At present, capital gains tax rates range from a low of […]

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Quote Of The Week: “It’s All Up To Congress”

As we plan for 2013, it’s important to keep a sense of humor.  You’ll see why in this tongue-in-cheek quote from Fidelity Investments about planning for upcoming tax changes in 2013! “As you may be aware, the Bush-era tax cuts of 2001 and 2003 may expire at the end of 2012. Or they may be extended. […]

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Higher 401(k), IRA Contribution Limits in 2013

You can put more money in your IRA and 401(k) accounts next year and get bigger tax deductions. Before year-end, make sure to change your payroll deduction instructions for 2013 to take advantage of the higher limits. For 2013, the IRS just announced higher contribution limits for a range of retirement plans and gifts. Traditional IRA […]

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Five Things You Need To Know About Your IRA’s “Required Minimum Distribution”

It’s the kind of subject that makes most people’s eyes glaze over. But those pesky little “required minimum distributions,” or RMDs, aren’t really that complicated, and they are truly of critical importance.  Mess one up and the IRS will charge you a whopping 50% penalty. Here’s five things you really ought to know about your RMDs. 1.  What are they? […]

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Uncertainty Key Word for 2013 Taxes

There is nothing certain about the 2013 tax outlook, and that uncertainty is frustrating investors and businesses trying to plan for the coming year. The Bush-era tax cuts (dating back to 2001) are set to automatically expire on December 31, 2012.  Unless Congress acts, taxes will increase for almost all tax-paying Americans (we don’t mean to take sides, […]

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