Trump Accounts: Take the Money and Run

Trump Accounts: Take the Money and Run The Trump Administration hopes that the new Trump Accounts will be a ‘path to prosperity’. These accounts are designed to be tool that helps families get a start on saving for education, and with no withdrawals allowed until kids are 18 years old, it can also provide a […]
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2022 Year-End Tax Tips

2022 Year-End Tax Tips Here are some things to consider as you weigh potential tax moves between now and the end of the year. 1. Defer income to next year Consider opportunities to defer income to 2023, particularly if you think you may be in a lower tax bracket then. For example, you may be […]
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Now Might Be a Good Time for a Roth Conversion

Now Might Be a Good Time for a Roth Conversion One silver lining in the current bear market is that this could be a good time to convert assets from a traditional IRA to a Roth IRA. Converted assets are subject to federal income tax in the year of conversion, which might be a substantial […]
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What it Means to be Work Optional | Philip Palumbo

What it Means to be Work Optional | Philip Palumbo In today’s video, Phil Palumbo explains what it really means to live a “work optional” lifestyle and how one can set themselves up for this. Please Click Here to view.   Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered […]
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