Most taxpayers plan their tax strategies at the end of the year, with some waiting until April the next year for qualified retirement plan contributions. But with tax rates going up, the time to plan is at the front of the year to get ahead in income deferral tactics and tax planning management. Wealthy married Americans are now defined by income of $450,000, so capital gain taxes are up, and a 3.8 percent additional tax could be added on to the new tax rates.
Steve and Ken introduce you to tax-advantaged insurance products that can have an impact on your tax bill and your Social Security benefits.
The views expressed here are those of the author and not necessarily those of ProducersWEB.
Reprinting or reposting this article without prior consent of Producersweb.com is strictly prohibited.
If you have questions, please visit our terms and conditions
Steve Savant is the host of the daily producer show, Let’s Get Down to Business, and the weekly consumer show, Steve Savant’s Money, the Name of the Game. Steve is the number one online author and videographer of insurance content. During his 30-year career in the financial services industry,... More