Balanced Money | Balanced Life

Search

Categories

Tag Archives for " Tax Planning "

Five Simple Ideas for Tax Efficient Investing

Published September 27, 2016 in Plan Wisely , Published - 0 Comments

​ Published in Bradenton Herald: September 27, 2016 By GARDNER SHERRILL  |Investor’s Column September 27, 2016 Five Simple Ideas for Tax Efficient Investing I’ve written fairly extensively over the past year about investing in expensive markets. If you believe, as I do, that the next five years may produce lower returns, then managing frictional costs […]

Retirement Alchemy: Turning After-Tax Plan Contributions into Roth Savings

Published May 26, 2016 in Plan Wisely - 0 Comments

​In medieval times, alchemists sought methods for transforming ordinary metals into gold. Today, just about every adult searches for a means of transforming savings into a retirement’s worth of income. Recently, they received help from an unexpected source – the Internal Revenue Service (IRS).In 2014, our nation’s tax collection agency engaged in a bit of […]

State Rankings and Taxes

Published April 11, 2016 in Plan Wisely - 0 Comments

Wallet Hub has listed taxes by states and broken them down into categories. This analysis attempts to compare the states with each other and it delves deeply into taxation.  Click on your state to see its ranking or click on the WalletHub logo below to go to the full analysis. Many thanks to those at Wallet […]

The Basics of Tax Loss Harvesting

Published November 3, 2015 in Plan Wisely - 0 Comments

You may have heard of tax loss harvesting. Some people harvest losses every year, while others do so only when they have taken significant capital gains or have received more income than expected during a given year (perhaps they sold a business, received an inheritance, or collected a sizeable bonus).Tax loss harvesting occurs when an […]

Triple Tax Advantage

Published July 20, 2015 in Plan Wisely - 0 Comments

​ Are you missing out on a possible triple tax advantage? If you have a high deductible health insurance plan and you’re not contributing the maximum to a health savings account (HSA), then you may be missing out. A study cited by The Washington Post found just one in 20 people with HSAs take full […]

Tax Free Opportunities

Published June 1, 2015 in Plan Wisely - 0 Comments

​ Lots of Americans are passionate about taxes. Many would like to pay fewer taxes, so they fervently embrace tax-free opportunities. You know you’re a tax-free fan if you: · Always shop in the duty-free store when you come through customs.1 · Contribute to 529 plan accounts for all your grandchildren.2 · Hold off on […]

Summer Tax Thoughts

Published July 25, 2014 in Plan Wisely - 0 Comments
Potrait of Gardner Sherrill

As you’re plunking bait, lolling on the beach, or paddling a stream, let your thoughts turn to… taxes. Sure, it’s a lot easier not to think about taxes until you have to, but by then it’s usually too late to do anything that might make a difference. Late summer, when your blood pressure is nice […]

Trends in Charitable Giving

Published August 3, 2013 in Plan Wisely - 0 Comments
Potrait of Gardner Sherrill

Trends in Charitable Giving Whether the economy is expanding or contracting, Americans tend to be consistent with charitable donations. In 2011, as the U.S. economy continued to stabilize, Americans gave an estimated $298.42 billion to charity. That’s almost $8 billion more than the previous year.1 Americans give to charity for two main reasons: To support […]