Roth conversions are one of the most popular tax strategies in retirement planning — but if you’re already in a high tax bracket, paying more income tax this year to
For most investors, the true variable determining the probabilities of success for their financial plan is not just the market return, but the tax bill. Taxes often become one of
As of tax year 2026, Iowa has simplified its income tax system, creating clarity for both working adults and retirees. Here’s what’s new and what it means for your planning.
What are Iowa’s income tax rates and what can you do to keep your state taxes in check?
One of the key items on your tax return is a set of figures called Adjusted Gross Income, often called AGI, or Modified AGI, often called MAGI. These numbers determine
Calculating the MAGI to be eligible for Roth contributions is one of the most common misunderstandings we see when tax planning with our clients. One confusing part of our tax
Rules for required distributions from inherited IRAs have changed significantly in recent years. For several years, there was uncertainty regarding how recent tax laws, such as the SECURE Act, applied
When a loved one passes away and leaves behind property, you may be required to pay Iowa inheritance taxes. How much, or whether you pay any inheritance taxes at all,
Non-deductible IRA contributions are a common option for savers to get more money into retirement accounts. While saving into an IRA is certainly never a bad idea, we find that
For higher income retirees, Medicare adds a surcharge to your Part B and Part D premiums, called IRMAA, or the Income Related Monthly Adjustment Amount. The extra charge is determined