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, 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 | Dec 13, 2019 | Investment Planning, Tax Planning
The IRS recently issued new cryptocurrency guidance and is hot on your trail if you bought and sold cryptocurrency and didn’t report it on your tax return. Here are the tax basics. You’ll treat cryptocurrency as property for tax purposes....
by John Boyle, CFP®, EA, CTC, CEPA | Nov 12, 2019 | Business Planning, Insurance Planning, Investment Planning, Retirement Planning, Tax Planning
When you get busy with your business, it’s easy to forget about your retirement accounts and medical coverages and plans. But year-end is approaching and now is the time to take action. Here are the six strategies that you can implement before the end of the year....
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 | Feb 18, 2019 | Business Planning, Investment Planning, Retirement Planning, Tax Planning
New tax code Section 199A can give you a tax deduction of up to 20 percent of your taxable income reduced by net capital gains. In new final regulations, the IRS has provided clarity on the capital gains component of the Section 199A tax deduction. The Section 199A...
