Does Changing Your State of Domicile Allow You To Avoid Paying Capital Gains Tax?
As individuals approach retirement, they often ask the tax question, “If I were to move to a state that has no state income tax in retirement, would it allow me to avoid having to pay capital gains tax on the sale of my investments or a rental property?” The answer depends on a few variables.
Non-Taxable Income in Retirement: 5 Sources You Should Know About
When it comes to retirement income, not all dollars are created equal. Some income sources are fully taxable, others partially — but a select few can be completely tax-free. And understanding the difference could mean thousands of dollars in savings each year.
Understanding the $3,000 Investment Loss Annual Tax Deduction
Each year, the IRS allows a tax deduction for investment losses that can be used to offset earned income. However, it’s a use-it-or-lose-it tax deduction, meaning if you fail to realize losses in your investment accounts by December 31st, you could forfeit a valuable tax deduction.
401(k) Catch-Up Contribution FAQs: Your Top Questions Answered (2026 Rules)
Got questions about 401(k) catch-up contributions? You’re not alone. With updated 2025 limits and new Roth rules on the horizon, this article answers the most common questions about who qualifies, how much you can contribute, and what strategic moves to consider in your 50s and early 60s.
401(k) Catch-Up Contributions Explained: Maximize Your Retirement Savings in 2026
Turning 50? It’s time to boost your retirement savings.
This article breaks down the updated 2025 401(k) catch-up contribution limits, new rules for ages 60–63, and whether pre-tax or Roth contributions make the most sense for your situation.
How Transfer on Death (TOD) Accounts Help You Avoid Probate
Confused about transfer-on-death (TOD) accounts? This article answers the most common questions about Transfer on Death designations, how they work, and how they can help you avoid probate.
How to Avoid the New York State Estate Tax Cliff
When someone passes away in New York, in 2025, there is a $7.16 million estate tax exclusion amount, which is significantly lower than the $13.9M exemption amount available at the federal level. However, in addition to the lower estate tax exemption amount, there are also two estate tax traps specific to New York that residents need to be aware of when completing their estate plan. Those two tax traps are:
1) The $7.5 million Cliff Rule
2) No Portability between spouses
With proper estate planning, these tax traps can potentially be avoided, allowing residents of New York to side-step a significant state tax liability when passing assets onto their heirs.
Multi-Generational Roth Conversion Planning
With the new 10-Year Rule in effect, passing along a Traditional IRA could create a major tax burden for your beneficiaries. One strategy gaining traction among high-net-worth families and retirees is the “Next Gen Roth Conversion Strategy.” By paying tax now at lower rates, you may be able to pass on a fully tax-free Roth IRA—one that continues growing tax-free for years after the original account owner has passed away.
