Tag: financial advisor
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Ask an Advisor: How Do Withdrawals Before 73 Factor Into My RMDs?
There are no magic tricks here. To reduce your RMD, you have to reduce your account balance as of Dec. 31 of each year.Roth...
I’m Selling My House and Netting $680k. Do I Have to Worry About Capital Gains Taxes?
A net gain on a home sale of $680k potentially could lead to having to pay capital gains taxes. But in many cases, you...
I Want to Give $50k to My Daughter for a Down Payment on a Home – Do I Need to Worry About Taxes?
Beyond the rules that surround making a gift of this sort, your main consideration here is the gift tax.This is a tax that the...
Ask an Advisor: How Can I Make the Most of $1 Million for Passive Income and Tax Savings?
SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. I have a million dollars and I...
I Want to Move $720k to a Roth IRA – Are There Ways to Cut Conversion Taxes?
As an example, let’s consider a single filing taxpayer who wants to roll over $720,000 from an old 401(k) to a Roth IRA. Here...