If there’s one thing that’s ignored all too often at retirement, it’s the impact that taxes will have on your life. Your tax return can change a LOT once you’ve gone from working mode to retirement mode. Here are a few tax issues you need to be aware of.
You’ve probably heard of companies like Uber, Lyft, TaskRabbit, or AirBnb – they’re part of what’s known as the “shared economy.” Thanks to technology, people can now share their assets, time, skills, or even money with others on a relatively small scale. Of course, these new ways of doing business can challenge the various existing tax rules that were written with a different model in mind. Most people who start a business like this are probably not thinking about that. So, what are the tax considerations?
On the eve of the inauguration, there is a lot of concern about how this new administration, and new Congress, might affect them. What I’m most concerned about is the possibility of major changes in tax policy going forward. How might you be impacted by the Trump Tax Effect?
This is the time of the year when many individuals begin to stress over their upcoming federal and state income tax liability. It’s also a time where planning ahead may actually save you real money – but you will likely have to act before the end of the year to benefit. So time is drawing near.
In this video, Ray Lucia Jr. offers 3 ways you may be able to create a more tax-efficient portfolio.
In this video, Ray Lucia Jr. explains how harvesting capital gains may be a useful tax management strategy.
Self-employment taxes can get complicated, not to mention costly. When it comes to planning for 1099 earnings, there are strategies to help avoid nasty surprises when tax season comes around.
This week, Ray Lucia Jr. covers the three biggest estate planning mistakes and how they can potentially subject your estate to taxes, creditors, or probate.