Life Insurance – Understanding the Tax Implications

Financial_Planning
Permanent life insurance policies (often referred to as “Whole Life Insurance”) are a contract between a policyholder and an insurance company whereby the insurance company promises to pay a designated...

Trust Planning Opportunity and the 65 Day Rule

trust planning 65 day rule
It’s not too late to take advantage of planning opportunities for certain trusts for 2017 tax filings. Irrevocable Trusts that do not require the trustee make distributions of income and...

Qualified Charitable Distribution Strategies

qualified charitable distributions
It’s time to take a fresh look at Qualified Charitable Distributions after the Tax Cuts and Jobs Act Many taxpayers, especially retirees with little or no mortgage interest, will no...

Individual Retirement Account (IRA) Contributions

Traditional vs. Roth IRAs
In an era where pensions are few and far between and future Social Security benefits are in question, it’s important for individuals and their families to save for their own...

Video Overview on the Tax Cuts and Jobs Act for Individuals

Terry Cicero webinar TCJA
Webinar Recording on the Tax Cuts and Jobs Act and its Impact on Individuals (February 28, 2018) The new tax law, Tax Cuts and Jobs Act, is now in effect...

Video Overview on the Impacts to Businesses with the Tax Cuts and Jobs Act

SAS-Tax-Impact-webinar-e1521827535614
The new tax law, the Tax Cuts and Jobs Act, is now in effect for 2018. How does the new law impact businesses and their owners? This quick, 30-minute webinar...

Capture Tax Savings By Paying Certain Deductions Before Year End

Tax Reform
This article is from December 2017 and the strategies no longer apply. If you are ready to plan new strategies, please contact DHJJ Financial Advisors at 630-420-1360. Three Tax Savings...

Net Unrealized Appreciation: A Tax Saving Opportunity

different paths
Net Unrealized Appreciation Net unrealized appreciation (NUA) is a favorable tax planning opportunity that can often save a taxpayer tens of thousands of dollars.  However, this tax planning opportunity is...

Qualified Charitable Distributions: A Strategic Way to Distribute Your Required Minimum Distribution

Light in hands
The IRS requires you to take a minimum amount from your IRAs and Employer Sponsored Plans once you turn 70 ½ (Roth IRAs are not included). These required withdrawals are...

Asset Allocation Vs. Asset Location: Two Different Investment Strategies

asset allocation
Two Different Investment Strategies When hearing the terms asset allocation and asset location, many of us conclude that these are synonyms. These terms are actually two separate investment strategies that can be used in tandem...