Category Archives: Wealth Management

Reminder to First Responders – Tax Relief from Early Retirement Withdrawal Tax Penalties

Written by Stephen Ostrofsky, CFP® Even today, many deputy sheriffs and firefighters that I meet with are still unaware of changes in tax laws that provide significant tax relief from IRS penalties levied against pre-591/2 withdrawals made from certain employer sponsored retirement plans. The Trade Priorities and Accountability Act of 2015 (H.R. Bill 2146), also…

Manage Your Wealth Using Trusts to Maximize Charitable Giving While Minimizing Estate Taxes

Managing your estate to maximize your wealth for you and your family can be accomplished through the use of two types of charitable trusts. Charitable Remainder Trusts (CRTs) and Charitable Lead Trusts (CLTs) are two types of trusts known as, split-interest trusts used by individuals and families for managing taxes in an estate plan while…

Tax Loss Harvesting Strategies Should Be on Investors’ To-Do Lists

Now is the time to take a good look at your taxable brokerage accounts to consider tax loss harvesting strategies for your portfolios. Effective tax loss harvesting can help avoid capital gains taxes that will be due next year on April 15th. Every investment portfolio has unrealized gains and losses. The key to effective tax…

Estate Planning Primer: No Plan Can Lead to Unintended Consequences

Every individual has an estate, whether they manage their estate or not, certain rules apply which may result in unintended consequences, unless an estate plan is developed. The transfer of one’s wealth is a both a selfless and selfish act. Perhaps like no other, being our final act. The estate plan that is designed to…

Category Archives: Wealth Management

Reminder to First Responders – Tax Relief from Early Retirement Withdrawal Tax Penalties

Manage Your Wealth Using Trusts to Maximize Charitable Giving While Minimizing Estate Taxes

Tax Loss Harvesting Strategies Should Be on Investors’ To-Do Lists

Estate Planning Primer: No Plan Can Lead to Unintended Consequences

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