Tag: Taxes

  • Tips to Optimize your IRA: 2023

    Investors should consider using their tax refund for IRA contributions. Many people make the mistake of spending their IRS refunds on non-essential items but doing so makes things more difficult down the road.

  • Optimize Your Year-End Tax Savings

    As 2022 draws to a close and preparations are made for the coming year, we have compiled a list of five strategies that can assist you in maximizing your savings, minimizing your tax burden.

  • Making the Most of Charitable Donations

    Incorporating philanthropy into your long-term financial planning is not just a noble endeavor; it also presents an opportunity for tax optimization. By crafting and annually revisiting a structured giving plan, you can achieve your philanthropic objectives more effectively while maximizing tax benefits. Here are five strategies I consistently recommend to my clients for more [...]

  • Estate Plan Optimization: Controlling Your Assets

    Estate planning is crucial for ensuring your wishes are carried out and your legacy is protected. It involves creating legal documents to manage your assets upon death or incapacitation. While many consider a will to be the extent of estate planning, it can also encompass trusts, beneficiary designations for retirement accounts and life insurance [...]

  • Are You Ready for Tax Season?

    Introduction As tax season draws near, it's an opportune moment to revisit some fundamental concepts such as capital gains, the differences between account types, and the strategy of tax loss harvesting. Whether you're a seasoned investor or new to the game, understanding these basics can help you navigate the tax season more effectively. At [...]

  • Social Security Retirement Income Optimization

    The term "Social Security benefits" often evokes a spectrum of reactions, from curiosity about its future to concerns regarding its sustainability. At Global Advisers, we encounter many clients pondering the relevance of Social Security in their financial planning. Amidst alarming headlines, it's crucial to discern reality from speculation and understand the vital role Social [...]

  • IRA Tax Optimization

    In recent times, the conversation around shifting from a traditional IRA to a Roth IRA has become a prominent topic among my clients. Given the irreversible nature of this decision and its potential complexities, it's natural for investors to weigh their options carefully. Below, I'll address some of the most common inquiries I've encountered, [...]