-
Creating Tax Diversification Using the “Tax Triangle”
Diversification is an important component of the financial planning process. Most often we think of it in terms of portfolio diversification, using different asset classes like stocks, bonds, cash and real estate to hopefully reduce risk of loss and help meet our financial goals. However, diversifying your investments by tax treatment or “tax diversification” is…
-
What’s New in Tax for 2021
As we ring in a new year, we want to remind you of some tax law changes for 2021. While there were several significant pieces of tax legislation last year (primarily because of the COVID pandemic), much of those rules expired at the end of 2020. Here is a brief list of what to…
-
Smart Tax Strategies to Consider Before 2020 Ends
Our motto here at Anchor Bay Capital is: “It’s not what you make but what you keep that counts.” We live this motto daily and incorporate it into every aspect of our comprehensive financial planning, tax preparation and investment management services. As we near the end of a very eventful year, there are still things…
-
Three Tax Savvy Charitable Giving Tips
There are many reasons for why people give to charity. Some give to share their good fortune, others as a way to remember or honor loved ones, and still others may give to support a particular cause or mission. While there are tax benefits to making charitable donations, rarely is that the reason for the…
-
Converting Roth IRAs For Tax Diversification
Tax diversification is an important part of any financial plan and the Roth IRA is great way to diversify the tax treatment of your investments. Unlike the traditional IRA where you normally get a tax-deduction for the contribution, Roth IRA contributions are made with after-tax money. But, when qualified distributions are made from a Roth…
Tax Planning
We’re here to simplify
your financial life.
If you’re ready for a team that fully coordinates your planning, investments, estate and taxes, let’s connect.