Insights
Tax Planning
Tax topics, including new laws and the opportunities they create.
Tax Planning
What are the Benefits of a Stepped Up Basis?
A stepped up basis is an adjustment to an asset’s cost basis to the fair market value of the asset at the time of the decedent’s death.
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Tax Planning
Social Security Taxation
Social Security income is designed to replace a percentage of a worker’s pre-retirement income in order to get them through retirement securely. While the significance of Social Security may differ with each retiree’s circumstances, it is nevertheless important to understand…
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Tax Planning
A Look into Tax Loss Harvesting
Tax Loss Harvesting is a term that gets thrown around frequently in the wealth management industry, but is infrequently accompanied by a definition, purpose, or real-life examples. Let’s look at what tax loss harvesting is, why it is important, and one example to help…
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Tax Planning
Understanding Capital Gains
A capital gain is generated from the sale of a capital asset, generally an investment-type asset. Not all capital gains are considered equal in the eyes of the IRS. A gain from the sale of a capital asset held for less than a year is considered a short-term capital gain and is…
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Tax Planning
MCF Insights: Tax-Efficient Investing
Taxes are a reality of life. As a result, taxes should be included in the evaluation and construction of any portfolio plan. Investors that ignore the effect of taxes on investments may end up paying higher taxes and earlier than needed.
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Tax Planning
Tax Diversification
For Maximum Retirement Income You Need Tax Diversification One of the most important tenets of investing for retirement is to diversify broadly for the best possible long-term returns in your portfolio. However, for the best possible outcome in generating maximum retirement…
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