by John Boyle, CFP®, EA, CTC, CEPA | Jan 1, 2021 | Business Planning, Education Planning, Estate Planning, Insurance Planning, Investment Planning, Retirement Planning, Tax Planning
The purpose of the Financial Planning Pyramid is to help prioritize your schedule of financial planning tactics based upon your circumstances and goals. While it’s relatively easy to earn an income, effectively prioritizing your cash flow isn’t clear to many people...
by John Boyle, CFP®, EA, CTC, CEPA | Jan 21, 2020 | Education Planning, Estate Planning, Tax Planning
In December 2017, Congress enacted the Tax Cuts and Jobs Act (TCJA) and changed how your children calculate their tax on their investment-type income. The TCJA changes led to much higher tax bills for many children. On December 19, 2019, Congress passed a bill that...
by John Boyle, CFP®, EA, CTC, CEPA | Jan 21, 2020 | Education Planning, Estate Planning, Investment Planning, Retirement Planning, Tax Planning
As has become usual practice, Congress passed some meaningful tax legislation as it recessed for the holidays. In one of the new meaningful laws, enacted on December 20, you will find the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE...
by John Boyle, CFP®, EA, CTC, CEPA | Oct 4, 2019 | Estate Planning, Investment Planning, Retirement Planning, Tax Planning
Once you turn age 70 1/2, the tax code mandates that you withdraw a tax code–defined required minimum distribution (RMD) from your traditional IRA. But by using the RMD or other IRA distribution with a qualified charitable distribution (QCD), you can eliminate the RMD...
by John Boyle, CFP®, EA, CTC, CEPA | Jun 17, 2018 | Business Planning, Estate Planning, Insurance Planning, Tax Planning
Most business partners have briefly reviewed their Buy-Sell Agreement while consulting with their attorney though I’ve found most of those attorney-client discussions tend to have been limited to quick-start legal provisions, which fall short of meeting their...
