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Financial Alternatives News and Insights

Integrated Wealth Management

Planning Newsletter - October 2024

  • Review your marginal tax brackets for ordinary income and capital gains rates to decide which account to withdraw from.

  • Don’t make the mistake of overfunding retirement accounts at the expense of your brokerage (taxable) accounts. It’s important to have non-retirement assets for flexible spending and savings goals. If you haven’t set up a taxable brokerage account, perhaps this is the next move to make for any money leftover that you haven’t found a home for

  • End of year provides you with the opportunity to think about managing liabilities. Consider the relative advantage to paying down debts with assets. What is the tax impact of doing so? Would it make a difference to your peace of mind?