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Returning Value Blog

Staying Ahead of Potential Changes to Capital Gains Taxes

Posted by Marty Williams, CPA on Aug 17, 2021

The greatest wealth transfer in U.S. history is underway. Americans age 70 and older hold an estimated $35 trillion, according to Federal Reserve data.[1] This means that over the next several decades, millions of Americans will be contemplating how to distribute their life savings to heirs, charities, and other beneficiaries. To make matters even more interesting, wealthy Americans also face the potential for a once-in-a-generation increased tax liability. The Biden Administration has proposed increasing taxes on wealthy Americans to raise revenue for various spending initiatives.

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Posted in Retirement & Wealth Management Planning

Planning Perspectives: Key Potential Changes Under President Biden's Tax Plan

Posted by Michael D. Machen, CPA, CVA on Apr 09, 2021

During last year's campaign, then-candidate Joe Biden stated that he would use higher taxes to partially fund various spending priorities if he were elected president. Now that the Democrats control the White House and both the House and Senate, tax increases could be on the horizon. Details of the Biden administration's proposed tax changes are gradually coming into focus, and on March 31, President Biden unveiled his infrastructure spending plan, which will be funded in part by an increase in the corporate tax rate to 28%.

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Posted in Retirement & Wealth Management Planning

Student Loan COVID-19 Relief

Posted by Joe Janning on Feb 10, 2021

On January 20, 2021, the COVID-19 emergency relief measures were extended on all federal student loans owned by the U. S. Department of Education (ED) through at least September 30, 2021.

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Posted in Retirement & Wealth Management Planning

The Key to Retirement Security is Picking the Right Plan for Your Business

Posted by Michael D. Machen, CPA, CVA on Sep 04, 2019

If you’re a small business owner or you’re involved in a start-up, you may want to set up a tax-favored retirement plan for yourself and any employees. Several types of plans are eligible for tax advantages.

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Posted in Retirement & Wealth Management Planning

Tools To Help You Reach Major Financial Goals

Posted by Don G. Chastain, CPA on Jun 21, 2018

It's midyear, time to check your progress toward financial goals.

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Posted in Retirement & Wealth Management Planning

Can You Afford To Retire Early?

Posted by Don G. Chastain, CPA on Apr 06, 2018

Answer the key questions below:

If you are like many Americans, you may have visions of an early retirement. Although there are usually hurdles to overcome, the dream may become a reality, depending on your answers to the following questions.

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Posted in Retirement & Wealth Management Planning

Compare the Two Types of IRAs

Posted by Don G. Chastain, CPA on Mar 12, 2018

Distinguishing traditional IRAs from Roths

There are two basic types of IRAs: the traditional IRA and the Roth IRA. With either one, the deadline for contributions for the 2017 tax year is April 17, 2018. There are no extensions for making IRA contributions for 2017, even if you obtain an extension for filing your return.

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Posted in Retirement & Wealth Management Planning

Small Business Owners: A SEP May Give You One Last 2017 Tax and Retirement Saving Opportunity

Posted by Don G. Chastain, CPA on Feb 12, 2018

Are you a high-income small-business owner who doesn’t currently have a tax-advantaged retirement plan set up for yourself? A Simplified Employee Pension (SEP) may be just what you need, and now may be a great time to establish one. A SEP has high contribution limits and is simple to set up. Best of all, there’s still time to establish a SEP for 2017 and make contributions to it that you can deduct on your 2017 income tax return.

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Posted in Retirement & Wealth Management Planning

Pension Plans Aren't Yet A Relic Of The Past

Posted by Don G. Chastain, CPA on Oct 06, 2017

 

Only 20% of Fortune 500 companies are offering new employees pension plans, but plenty of workers and retirees still count on them for retirement income.

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Posted in Retirement & Wealth Management Planning

4 Reasons Not To Borrow From Your 401(k)

Posted by Don G. Chastain, CPA on Sep 01, 2017

401(k) loans are easy to get but should only be considered as a last resort.

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Posted in Retirement & Wealth Management Planning

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