Tax planning now for 2013
By Steve Savant
Ash Brokerage Corporation
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.