by Bryan Wisda, CFP® | Nov 16, 2022 | Advanced Planning, Tax Planning, Wealth Management, Wealth Transfer
The IRS has announced the 2023 Gift & Estate Tax Limitations. Gift Tax: In 2023 an individual may give $17,000 to another person ($34,000 per couple) without needing to file a gift tax return. This is an increase of $1,000 from 2016. Estate Tax: The Estate Tax is...
by Bryan Wisda, CFP® | Oct 12, 2022 | Investment Management
Congratulations Professor Douglas Diamond on being awarded the 2022 Nobel Prize in Economic Science. Professor Diamond is a professor of finance at the University of Chicago. He is also an independent board member for Dimensional Fund Advisors (DFA). Professor Diamond...
by Bryan Wisda, CFP® | Sep 20, 2022 | Advanced Planning, Retirement Planning, Tax Planning
When it comes to IRA RMD Charitable Contributions there are a few rules that you must follow. If you fail to follow these rules you could potentially run into problems with the IRS. Officially this strategy is known as a Qualified Charitable Distribution or QCD. For...
by Bryan Wisda, CFP® | Sep 5, 2022 | Advanced Planning, Financial Planning, Retirement Planning, Tax Planning
Did you take money out of an IRA or 401k in 2020? If you did you may be eligible to get a tax refund by repaying those monies to your IRA, 401k, or other employer sponsored retirement plan. The CARES Act created an exemption to the tax due on withdraws up to $100,00...
