Tax-Wise Portfolio Rebalancing
Studies indicate that savvy asset allocation may lead to long-term investment success. You can find a desired mix of riskier asset classes, such as stocks, and relatively lower risk as-set classes, such as bonds. The challenge is to maintain the desired allocation through the ups and downs of the financial markets. The answer generally recommended by financial advisors is to rebalance periodically. Learn more in this month’s newsletter.
Social Security Strategies That Still Work
Recent legislation has reduced Social Security claiming strategies for married couples. For example, if you failed to initiate a “file-and-suspend” plan before April 30, 2016, that opportunity is no longer available. However, you do still have a few options. Learn more in our May Newsletter.
With Retirement Plans, SIMPLE May Be Better
In 2017, companies that sponsor a profit-sharing plan could make a contribution on behalf of the business owner of as much as $54,000. With a SIMPLE IRA, the maximum amount this year is $31,000. Why would you consider the latter choice? A SIMPLE (savings incentive match plan for employees) IRA has less paperwork as well as lower start-up and operating costs, compared with many other types of retirement plans. Learn More in this month’s newsletter.
Use our handy tax calendar for upcoming taxes due in May and June of 2017.