by Michael Lecours | Mar 23, 2016 | Rule of Thumb, Taxes, Uncategorized
Are you hunting for last minute ideas and strategies to reduce your tax bill? If so, consider spending that time preparing to reduce your tax bill for next year. It will be a lot more productive to take steps now that could reduce the tax bill for 2016 than to trying...
by Michael Lecours | Dec 23, 2015 | Investment Strategies, Taxes, Uncategorized
For the last few years, Congress waits to the very last minute to extend a few important tax laws. This year is different. Under the proposed deal, these laws will become permanent. For more information about the provisions, click here.
by Michael Lecours | Nov 10, 2015 | Retirement, Taxes, Uncategorized
Big changes to Social Security usually take years to plan, develop and roll out. But not this time. Congress has suddenly shut down two popular claiming strategies that have been growing in popularity over the last few years. File & suspend and restricted...
by Michael Lecours | Jun 15, 2015 | Retirement, Rule of Thumb, Taxes, Uncategorized
When the government enacted legislation that allowed individuals to fund a Traditional IRA with tax-deferred income, those legislators also wanted to ensure that the taxes would eventually be paid. The concept was to defer income taxes until the time the money may be...
by Michael Lecours | Nov 21, 2014 | Taxes, Uncategorized
At the end of the year, many mutual fund companies distribute capital gains to shareholders. This causes a taxable event right at the end of the year and in some cases can be an unwelcome and costly surprise when it comes to tax time. Note: if you only have an IRA or...
by Michael Lecours | Jul 10, 2014 | Investment Strategies, Rule of Thumb, Taxes, Uncategorized
Sick of the high costs to live in Connecticut? Some residents (and our clients, too) are taking action and moving to cheaper states. If you’re curious to see how much you could save, start with these resources: How Money Walks:Wealth is leaving this state, mostly to...
