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Should I take a $1,913-a-month pension or a $445,000 lump sum?
My husband and I are 65 years old. He’s retired with a monthly pension of $1,800, and when he dies, I will be collecting the same amount for life. My husband and I will start to collect Social Security benefits Jan. 1, 2022, when each of us will collect $2,600 a month. We have total…
Read MoreShaquille O’Neal says Magic Johnson gave him the best money advice when he first joined the Lakers
Despite now having a reported net worth of over $400 million, NBA legend Shaquille O’Neal says he used to be terrible with money. But he says, he got some good money advice early on from his mentor and former Lakers star Magic Johnson. When O’Neal was starting out, “I didn’t have the intelligence” around money, O’Neal…
Read MoreAn Investing Road Map for Retirees
For people in drawdown mode, tips on asset allocation, Social Security, annuities, withdrawal rates, and more. Even retirees who are seasoned investors will tell you that transitioning from accumulating to spending from their portfolios is a challenge. The “right” withdrawal strategy seems to be a moving target. Devising an asset-allocation plan that balances safety and…
Read MorePODCAST33: Saving on Taxes with Net Unrealized Appreciation
Check out our complimentary download, Tax Strategies for Retirement below. If you have any questions please give us a call at 504-832-9200
Read MoreThe Bidens and China Business
The story won’t go away without explanation, even if the Veep wins. Most of the media is ignoring the emails found in Hunter Biden’s laptop, but that doesn’t mean they aren’t news. Joe Biden has an obligation to answer questions about his son’s influence-peddling and his own financial dealings—notably regarding China. The New York Post…
Read MoreHow Trump leveraged business losses to get a $72 million tax refund
How Trump leveraged business losses to get a $72 million tax refund President Donald Trump claimed a rebate from the Internal Revenue Service (IRS) that amounted to more than $72 million in 2010, The New York Times reported last Sunday. The article said the NYT obtained over 20 years worth of data from Trump’s tax…
Read MoreThe Estate Tax: Unpacking the Current State of Play
Where this often-debated tax stands for 2020, and how to plan for the future. Unsplash Now that a few years have passed since the enactment of the Tax Cuts and Jobs Act in 2017, we have had time to contemplate the tax code changes it brought, particularly concerning both individual and corporate tax issues. As…
Read MoreThe Two Secrets to Tax-Free Investment Gains
Making money on investments is great news. Paying a portion of your profits to the IRS is less fun. But many investors can avoid paying taxes on most or all of their gains, while others can ensure they’re taxed at a rate well below what they pay on ordinary income. How can you make sure…
Read MoreYou Should Be More Than Halfway to Earning 3 Valuable Tax Breaks
Each year, you have the opportunity to earn valuable tax savings by investing for your future. But if you don’t take advantage of that chance, you’ll miss out on the assistance Uncle Sam provides, and won’t ever have the opportunity to score that year’s tax savings again. With 2020 already more than half over, hopefully…
Read MoreHow To Get Tax Free Retirement Income In 2020
Whether tax rates are high or low, I will hear people complaining about the taxes they get to pay. Let’s be real; no one likes paying taxes. 2020 is an election year, and your vote could also affect your future tax bills. But with tax planning, there are a few ways to get more tax-free retirement…
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