Apollon Wealth Management, LLC’s Post

While many investors and even financial advisors view tax-loss harvesting as a year-end exercise, you can look for these opportunities throughout the year. #taxplanning #taxes #investors #finance

In light of looming tax rate increases, the significance of securing a tax-free source of income has brought to light the value of utilizing a Roth IRA as an effective planning tool. Wilmington Trust’s Bradley Crockett, National Director of Advanced Financial Planning, discusses the advantages of utilizing a Roth IRA to help optimize your portfolio, as they offer tax-free advantages and no required minimum distributions. #RetirementPlanning #TaxEfficiency

As we head into the final quarter of 2023, proactive investors should use this time to make strategic tax planning adjustments. CPC's Senior VP, Adele Gipson CFP®, CFA®, CPA, highlights tax moves you should consider as the end of the year approaches. Read more here: https://lnkd.in/dgy9Yx54. #CPCAdvisors #finance #2023 #taxes

Spotlight on Tax credits and deductions – the Batman and Robin in your tax strategy. Whether it's reducing your taxable income or lowering your tax liability, they serve powerful roles. But remember, it’s all about balance. Don’t lean too heavily on deductions, and don’t overlook the advantages of tax credits. https://lnkd.in/geH-8R2P #financialplanning #businessowner #buildingwealth #financialplanner #wealth #smallbusiness #genx #geny #buildingtowardswealth #henrys #abundantwealthprocess #stability #financialfulfillment #highearner #strategicfinancialplanning

🔍✨ Navigating estate planning? Dive into the essentials of “stepped-up basis” rules! With a $13.61 million federal exemption in 2024, focus shifts from estate to income tax planning. 📈🏦 Capital gains tax varies with asset holding period, but inherited assets enjoy a “stepped up” basis, reducing tax burdens. Yet, retirement assets and certain trusts like IDGTs don’t follow these rules, posing planning challenges. 🚫🎨 Future of stepped-up basis remains uncertain, with potential policy changes on the horizon. Making lifetime gifts? Remember, carryover basis rules apply, influencing tax outcomes. 🎁💡 Stay ahead in estate planning by keeping abreast of these critical tax considerations. #EstatePlanning #TaxPlanning #FinancialAdvisor #EstateTax #IncomeTax

As 2023 draws to a close, there are some key changes coming that #investors may want to prepare for, including an increase to the #TFSA contribution limit for 2024 and adjustments to the Alternative Minimum Tax system. I spoke with Nicole Ewing, Director, Tax and Estate Planning at TD Wealth, about what to expect. Here's our conversation. #personalfinance #taxplanning #estateplanning

With the increasing popularity of Roth contributions, many people find themselves wondering if it makes more sense to take the short-term benefits of pre-tax contributions or forego the immediate relief for the long-term benefit of tax-free growth through Roth contributions. I recently had this conversation with a client and decided to make a short blog post to highlight what to consider when deciding on making pre-tax contribution, Roth or both. https://lnkd.in/ecAQziAw

As 2023 draws to a close, there are some key changes coming that investors may want to prepare for, including an increase to the TFSA contribution limit for 2024 and adjustments to the Alternative Minimum Tax system. Nicole Ewing, Director, Tax and Estate Planning at TD Wealth, discusses what to expect with MoneyTalk’s Greg Bonnell. #taxstrategy #tfsa #personalfinances

Tax planning helps you keep more of what you earn. The laws are tricky, but we'll help you understand how to manage your tax burden for long-term financial success. One of the most important parts of overall wealth management is understanding how various tax laws will impact the money you earn and save over the course of your life. A lack of knowledge about taxes, or mistakes in your tax planning, can quickly wipe out thousands of dollars in accumulated wealth or result in a large tax bill that is due right now. Our financial advisors in Georgia understand how tax planning can help (and hurt) investors, and are continually working on ways to keep more of your money in your pocket. Smart tax strategies for your retirement and investments also ensure that the money you save today will accumulate more wealth in the future rather than going to Uncle Sam. Find out more about our smart tax planning services from the financial advisors at Resource Planning Group, a part of Mercer Advisor. Call today to schedule a no-obligation introductory call at (770) 671-9500 or visit our website here: https://lnkd.in/gQhXPUex #financialplanning #financialadvice #atlanta #wealthplanning #merceradvisors #retirementplanning Contact one of our financial advisors at (770) 671-9500 or schedule a complimentary 20-minute phone conversation! https://lnkd.in/gQhXPUex

Marginal tax bracket and holding period affect capital gains taxes. Learn more.