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Smart Tax Planning for the Soon-to-Be Retired

By Jason Wein | October 23, 2018

There’s such an emphasis on saving for retirement, yet no one puts much thought into the tax consequences. Without smart tax planning, taxes can be a major source of erosion on retirement income. Most of us would be thrilled to get a 6 to 8 percent return long-term on our retirement portfolios, yet the current minimum income tax rate is 10 percent, the maximum is 37 percent. Being smart about taxes can make your money go much farther in retirement.

The Importance of Cash Flow in Your Personal Financial Planning

By Mark Mappa | May 23, 2018

We think of cash flow as something only businesses or governments contend with, but it is integral to our personal financial lives as well. Cash flow enables us to do what we want, and to help achieve our goals or objectives — whether to get a mortgage, save for college, take a vacation, or save and invest for retirement.

Seven End-of-Year Tips for Reducing Your Income Tax

By Penn Mutual | November 3, 2015

The approaching end-of-year is an ideal time to explore opportunities to reduce your 2015 income taxes. Here are 7 things you can do between now and December 31.

Retirement Planning Week is a Time for Action

By Lynn Nolan | April 14, 2015

This week is Retirement Planning Week. It’s a week for action, not for contemplation. What does that mean for you? Here are five specific actions you can take this week.

Five Smart Ways to Use Your Tax Refund

By Margaret Muldoon | April 7, 2015

First, let’s talk about what to do with this year’s refund, and then we can explore how to change things so that you get to keep your money this year.

Has Your Estate Planning Caught Up with the Latest Tax Law Changes and Planning Opportunities?

By Penn Mutual | December 30, 2014

The American Taxpayer Relief Act of 2012 (ATRA), enacted January 2, 2013, made significant changes impacting federal wealth transfer taxes and income taxes – creating new planning challenges and opportunities.