Tax Time Silver Linings

While you may not feel like celebrating, there are a few things about this tax season that make it seem...not so bad. (Times Record News Column, April 25, 2021)
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Two More Money Tips

By Gary Silverman, CFP®

I wanted to thank those of you who were able to follow the previous few months of my marathon/personal finance saga. Of course, not every financial lesson dovetails into a story about running. Plus, there’s only so much room in the column. So, I’m now going to fill in a few thoughts that came to me but didn’t make it into the series.

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Tax changes, Charitable Giving, and your RMD

By Gary Silverman, CFP®

The tax changes that went into effect this year has caused quite a few changes. Some of you love the changes, some of you hate the changes, and many aren’t sure how it’s all going to impact you, so you’re reserving judgement. Recently, I talked with one of my CPA friends, Benay Ayers, about ways to get around one of those changes, at least for those of you over 70-1/2 years old.  

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Death, Taxes, and Retirement

By Gary Silverman, CFP®

In this space, we’ve been discussing what you need to consider when doing retirement planning. Lately we’ve been looking at problems determining your retirement cash flow—what you’ll get and what you’ll spend. Today I bring you death and taxes.

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Death, Taxes, and Retirement

By Gary Silverman, CFP®

In this space, we’ve been discussing what you need to consider when doing retirement planning. Lately we’ve been looking at problems determining your retirement cash flow—what you’ll get and what you’ll spend. Today I bring you death and taxes.

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Taxes: New Chapter on Old Story

By Gary Silverman, CFP®

 

If you are wondering what’s going on with tax reform, I was going to list out the proposals here for you.

Was.

Not anymore. I’ve had to rewrite this three times now and I know it will be wrong by the time you read this. If you really care about the details, do some research. But try to read facts, not opinions. Make your own.

Instead I’d like to talk about the three basic variables of our taxes:

First, there are the taxes themselves. That’s our country’s income.

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HEART Act Potential Tax Benefit for Military Families

By Gary Silverman, CFP®

My home of Wichita Falls is an oil town, a cowboy town, a farming town, an industrial town, a college town, a center for finance and medicine, and a military town. Interesting things happen when these different faces of the community interface. Today we’ll look at finance and the military by way of a little provision in a relatively unknown law: The HEART Act.

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