Our previous tax planning blog focused on short-term strategies such as tax bracket management and gain/loss harvesting. This week, we’re going to be looking at ways to manage your long-term tax planning with ideas for IRA distributions, Social Security, and the Medicare IRMAA.
Behavioral Biases can negatively impact your retirement. But just knowing about them can help you overcome them. Learn about the Overconfidence Bias, Familiarity Bias, and the Gambler's Fallacy in this blog.
Believe it or not, yesterday, October 15th (not April 15th), was the actual deadline for filing individual tax returns. We know there’s a temptation to put off thinking about taxes until next winter, but if you do, almost all your money-making opportunities will be lost. If you can find the time to work on tax planning, you just might realize some meaningful rewards. As always, we’ll help you every step of the way, so don’t worry if you’re not sure what to do.
Health Savings Accounts (HSAs) are just the type of tool we like because they are a tax savvy way to save for future medical bills, including age based long-term care premiums and nursing home expenses later in life. Even though they have been available since 2004, many people still don’t know what they are or fail to take full advantage of their tax benefits.
The Walk to End Alzheimer’s is the world’s largest event to raise awareness and funds for Alzheimer’s care, support and research, being held annually in more than 600 communities worldwide. HCM is proud to join in the Walk to End Alzheimer’s again in 2019, and we encourage you to join us in the fight.
“As a Wealth Management firm, we always have one eye on the horizon, looking out for future risks and benefits,” said Mike Hengehold, the Founder and President. “Investing in solar energy is in line with our vision for the future of a sustainable and thriving world. Not only are we working to keep our clients’ future secure, we want to make their children’s and grandchildren’s future secure as well."