Monthly Planning Update: December – Charitable Giving & Year-End Planning Month

“Charitable Giving & Year-End Planning” Month


Provided by Taylor Financial Group, LLC

Over the last year, we experienced an economic recovery from an ongoing global pandemic, a rash of supply chain issues, and new and pending legislation that affected the tax picture and retirement planning. With so many changes, here’s a look at what you may need to think about when preparing your taxes this year…View Checklist


New Ways to Give to Charity While Getting The Best Tax Breaks

Article Provided by Taylor Financial Group, LLC

With such a high standard deduction, taxpayers may not get additional itemized deductions for charitable donations. However, with a little clever planning in charitable giving, taxpayers can exceed the standard deduction, start itemizing again and lower their tax bill…Read More

What Issues Should I Consider Before The End Of The Year

Checklist Provided by Taylor Financial Group, LLC

The end of the year provides a number of planning opportunities and issues for financial advisors to discuss with their clients. Year-end topics can include tax planning, investment, and retirement accounts, charitable giving, cash flow and savings, insurance, and estate planning…View Checklist


A Look at the Year Ahead for 2022

Wednesday, January 5 @ 4:15 pm

Here’s what you’ll learn:
1. Current market trends, and where they could take us in the coming months

2. Major tax changes under the Biden Administration and how they may impact your future planning

3. Investments to consider for 2022

4. Ways to help improve your wealth in the upcoming months


Most Changes to Personal Taxes, Retirement Plans Dropped from Build Back Better Act


In September, I covered the proposed tax plan released by Democrats on the House Ways and Means Committee, which would help pay for the $3.5 trillion Build Back Better Act through changes to corporate, personal and other taxes, as well as retirement plans…Read More

Employee Benefits Plans & 401(k) Statements


Every employee benefits plan is different and the types of benefits offered can vary and even change over time. Therefore, it is important to understand the benefits that are available to you which can include a variety of employer-sponsored retirement plans, insurance options, deferred compensation plans, stock purchase plans, profit-sharing plans, savings accounts, education assistance etc…Read More

Monthly Planning Update: February 2022 Tax Planning Month

“Tax Planning” Month

Dear Friends,
During the months of February and March, we try to identify planning opportunities (and spot potential issues) with your tax returns.
If we work together now, we can help identify…
  • If there was a change in your finances last year and you are paying excess estimated taxes;
  • Additional ways to reduce your tax liability for this year; and
  • Possible omissions or mistakes made by your tax preparer.
If we review your tax returns now, there is still time to address issues before next year (and you may have time to amend returns, if needed). Equally important, sending TFG your tax returns allows us to assist with distribution planning, Roth conversions, and tax planning.
Ways You Can Send Us Copies of Your 2020 (or 2021 if you have already filed) Tax Returns
-Send them via regular mail – we can send you a postage-paid envelope.
-Drop them off at our office – we’d love to see you, and we’ll copy them for you.
-Securely upload them to your WealthMatch vault – call us to learn how.
-Fax them to us – we still have one of these machines. 🙂
Reviewing tax returns can be daunting and difficult given the many state and federal complexities and often changing rules. Tracking your exposure to various taxes (e.g. ordinary income tax, capital gains tax, the alternative minimum tax, the net investment income tax, etc.), and your rights to various credits and deductions, requires time and effort.
To assist in reviewing your filings, we utilize a checklist for retired taxpayers and one for taxpayers that are still working. Each checklist outlines nearly two dozen considerations to help guide us through your returns and circumstances. We also utilize a 12-point tax return checklist to ensure we are covering every potential tax savings opportunity. We include these checklists below.
We are always available to meet with you and discuss your finances and goals, and to identify what the best opportunities are for you.
Please reach out with any questions.


12 Questions Retirees Often Get Wrong About Taxes in Retirement
 Kiplinger Article Provided by Taylor Financial Group, LLC
Taxes in retirement can be a nightmare for many people with today’s complex rules and regulations. 401(k) plans, IRAs and other retirement accounts come with many tax traps that even the smartest investors fail to see….Read More
RMDs Get A Reprieve – Life Expectancy Tables Are Updated
Article Provided by Taylor Financial Group, LLC
For the first time in nearly 20 years, the IRS has released updated actuarial or life expectancy tables. Those who take required minimum withdrawals (RMD) from retirement accounts may already know we use these tables to calculate your RMD. …Read More
Essential Tax Tips for IRAs
Article Provided by Taylor Financial Group, LLC
Woe to the taxpayer who runs afoul of the numerous and confusing IRA rules. There are forms to file, contributions to make, distributions to take, and penalties to avoid. While corrections are possible, it’s best to avoid mistakes in the first place. Here’s what you need to know…Read More
Debbie Taught 160 Peers Last Month About Tax Planning!
At the end of January, Debbie co-led a workshop for four days teaching 160 advisors about best practices in tax planning!
During the workshop, advisors gained new insights (and learned new skills) about tax planning and the tax laws that they brought back to their firms.

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