You can't control tax rates or tax policy, but you can take steps to protect your savings and your income from tax erosion. Your advisor can show you strategies to help minimize your tax exposure.
Taxes and Your Money
Ben Franklin once said, "
nothing can be said to be certain, except death and taxes." Without a doubt, taxes affect you whether you're working and saving for retirement, taking retirement income, or planning a legacy for the next generation.
Understanding the Alternative Minimum Tax
The Alternative Minimum Tax (AMT) is a parallel federal income tax system with its own set of rates and deductions. Even though it was originally created to close loopholes used by the wealthiest individuals, today many middle-class Americans owe the AMT in addition to federal income tax.