issues facing clients

Taxes and your money

Taxes affect you whether you're working and saving for retirement, taking retirement income or planning a legacy for the next generation.

Because tax laws continually change, you should know how new tax developments could impact your income, your investments and your estate. Also, as today's assets increase in value, they may trigger future tax exposure.

Tax updates to be aware of

Talking with a financial advisor or tax professional can help you ensure you are protecting your assets. Here are a few things to consider as you are filing your 2016 taxes and what you can take advantage of in 2017. 

Retirement savings and income

If the value of what you're putting in your retirement portfolio—investments, your home and other real estate, and family heirlooms— appreciates over the years, these components could create increased tax exposure when you retire, or estate taxes later on.  Think about what you want to pass on to your children or grandchildren.

With professional tax and estate planning, you can help ensure your heirs inherit what you want to give them. Ask your financial advisor how you can help protect your growing assets, your retirement income and your legacy. If you contribute to your workplace retirement plan, learn about IRS limits and potential tax impact.

IRS advantages of life insurance

As everyone knows, the primary reason for life insurance is to protect your family’s financial future in the event of a tragedy. Without it, your family might face undue hardship. However, life insurance also has some important tax advantages. It can play a significant role in your estate planning and be a potential source of tax-free income. Learn about tax advantages of life insurance.

Navigating taxes when you’re self employed

Whether you’re running a small business with employees or working as an independent contractor, the self-employed have a different set of tax considerations than most workers. Learn about the tax issues you're likely to face.

Determine if your child should file a tax return

Teaching your children about financial planning, like the basics of investing and budgeting, will help them become financailly-savy adults. Use this guide to determine if they've earned enough income to file a return.

Understanding property taxes

Property taxes can be the second-largest expense to homeowners after their mortgage. Learn more about how property taxes are calculated and the impact that deductions can have on your savings for retirement. 

Tax refund tips

Few people get all that excited about tax season. Collecting last year's receipts or deciding whether to file a 1040 or a 1040EZ isn't anyone's idea of a good time (except maybe your accountant's). Fortunately, there's one good thing that can come from the process: a refund check.

While it's tempting to run out and spend this newfound fortune on a hot gadget or that bag you've been eyeing for spring, there are better ways to make that money work for you.

2016 tax information