Author: admin
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How I’ll Save a Client $20,000 in Taxes Every Year
by Clint Kraft
Smart tax planning can make a massive difference for many people, especially those with a high income. One of my clients was earning over $400K annually, but was missing out on a few key opportunities to pay less tax going forward. With a couple of strategic moves, I’ll help them save almost $20,000 in taxes…
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5 Reasons People Seek out a Financial Advisor
by Clint Kraft
Personal finance is something everyone has to deal with, yet very few people have gotten any formal education on. As your finances become more complex, you may start to feel uncertain about whether you’re making the right decisions. In these situations, many people turn to a financial advisor to help them create an organized plan,…
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3 Ways to Pay Less Tax Near or in Retirement
by Clint Kraft
As an advisor, one of the most important conversations I have with clients is about tax efficiency in retirement. Many retirees are shocked by how much tax they still have to pay even after their main working years are over. However, careful tax planning is your friend during this time, making it possible to significantly…
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Do I Need a Will or a Trust?
by Clint Kraft
Many people put off estate planning, assuming it’s only for the elderly. However, having a Will or Trust in place can be important at nearly every stage of life. These documents ensure that your assets go to the right people, your loved ones are taken care of, and your end-of-life wishes are honored. It can…
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4 of the Biggest 401(k) Mistakes I See
by Clint Kraft
401(k) plans are a crucial piece of retirement for many people. However, many unintentionally make mistakes that can delay their long term financial goals. It can be difficult getting advice related to your employee benefits plan as many advisors don’t discuss these assets. Throughout my meetings with new clients, I’ve identified four common 401(k) plan…
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Which College Tax Credits Can I Claim?
by Clint Kraft
If you’re paying for your child’s college education, you may be eligible for college tax credits that can help reduce your tax bill. The American Opportunity Credit (AOC) and Lifetime Learning Credit (LLC) are two key college tax credits that can lower your taxes, but they have their own unique rules and advantages. Let’s break…
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Can I Contribute to a Roth IRA?
by Clint Kraft
The Roth IRA is one of the most powerful tools for tax-free growth and retirement savings, but not everyone can contribute through normal contributions. Understanding the eligibility rules can help you determine whether you can take advantage of this account or need to look to other strategies such as a Traditional IRA or Backdoor Roth.…