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RMDs Are Back: Here Is How To Soften The Tax Blow - Tax

RMDs Are Back: Here Is How To Soften The Tax Blow - Tax
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President Biden's tax proposal and its effects on estate and income tax planning for physicians

While physicians provide a vital service to the U.S., they often have blind spots when it comes to maintaining their own financial health. Many in the medical field believe that financial planning is as simple as having an IRA account and that estate planning will be taken care of by a will. Unfortunately, particularly for those in this profession, financial planning is more important than ever, and President Biden’s proposed tax changes could have a profound effect on physicians’ financial planning in particular. Working with a fiduciary financial advisor to understand how the new laws affect physicians and implementing strategies that can lessen the impact is key to navigating these changes. ....

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MEHS launches campaign for facilities in Edwardsville, Highland

MEHS launches campaign for facilities in Edwardsville, Highland
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Top Estate Planning Tips For Those Nearing Tax-Exemption Limits

Top Estate Planning Tips For Those Nearing Tax-Exemption Limits
By Ellen Sheng
It’s often said that death and taxes are the only certainties in life. But the specifics when, how much are not certain. The estate tax exemption, currently set at $11.7 million for singles and $23.4 million for married couples, is set to expire in 2026. While it’s anyone’s guess what the exemption will be after then, few advisors expect tax rates to go down. With a new administration in place and billions in recent pandemic stimulus payments, it’s widely expected that tax rates will increase as the government looks for additional tax revenue. ....

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Five 2021 Tax Filing Tips for Clients

Five 2021 Tax Filing Tips for Clients
wealthmanagement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wealthmanagement.com Daily Mail and Mail on Sunday newspapers.

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