Jim Lange’s 2020 – 2021 Tax Planning Card
This handy tax card has been helping investors—and most especially our clients—save time and money since 2005. Without fail, it is the most popular item our office produces. It is requested by attorneys, accountants, financial advisors, judges, as well as our clients and friends. We receive requests for the card from all over the country! Please download and print your copy at https://paytaxeslater.com/articles/2020-21-TaxCard.pdf.
The tax card can only offer a rough guide to optimizing your tax strategy. For example, a quick look might make it seem like Roth IRA conversions will be advantageous, but after you take other taxes into consideration, for instance, additional premiums for Medicare Part B, the differences in capital gains taxes and qualified dividends and interest income, it may not be favorable. You can’t rely on the tax card without a much deeper analysis for Roth IRA conversions as well as many other tax planning techniques. That said, it is a great starting point.
If you have any questions or if we could be of any assistance, please do not hesitate to call Diana at 412-521-2732.
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The Most Effective Way for IRA Owners Age 70 ½ and Older to Give To Charity Using the New Tax Law
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Most important article describing estate planning for individuals with significant IRAs or retirement plans. As appeared in the March 2001 issue of Financial Planning magazine, Copyright 2001 by Thomson Financial Investment Marketing Group.
“Lange’s Cascading Beneficiaries Plan:” The Ideal Solution for Naming Beneficiaries to Your IRA and/or Retirement Plan
as mentioned by Jane Bryant Quinn.
Retirement Planning for IRA Owners and 401(k) Participants
The most important article for those with significant retirement plan accumulations.
Family Limited Partnerships
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Roth IRA Articles
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A Roth IRA has the potential to provide a great source of wealth for the owner and his/her heirs.
Roth IRAs: Accumulating Tax-Free Wealth
Definitive, peer-reviewed article on Roth IRAs and Roth IRA conversions. Adapted from an article appearing in the May, 1998 issue of The Tax Adviser. Copyright © 1998 by the American Institute of Certified Public Accountants, Inc.
Death of the Stretch IRA
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Exceptional Opportunity for Tax-Free Growth.