Tax Planning

As the year ends, high-income professionals have a valuable opportunity to strengthen their financial plan and reduce taxes. From maxing out your 401(k), HSA, and catch-up contributions to exploring the Super Backdoor Roth, running a tax projection, and using up FSA funds, this checklist covers the most important year-end moves to help W-2 earners finish strong and set up for a more efficient year ahead.

As the year wraps up, retirees have a limited window to make powerful financial moves that can lower taxes and strengthen their retirement plan. From taking RMDs and reviewing Medicare coverage to running tax projections, completing Roth conversions, and using Qualified Charitable Distributions, this article walks through the key steps to finish the year strong and set up a more tax-efficient 2026.

If you’ve changed jobs or recently retired, that old 401(k) could be holding more opportunities and risks than you realize. For high-income earners, knowing what to do with an old plan isn’t just about consolidation. It’s about taxes, flexibility, and strategy. This article breaks down your options, the hidden pitfalls of rollovers, and how to make smart moves that preserve your ability to use Roth strategies and avoid unnecessary taxes.

Starting in 2025, retirees age 65 and older will receive a new tax break through the Senior Deduction worth $6,000 per person or $12,000 for married couples. When combined with the standard and age-based deductions, a retired couple could deduct up to $46,700 from their taxable income. This temporary but powerful benefit offers a valuable opportunity to reduce taxes and plan smarter for retirement income.

The "One Big Beautiful Bill" has been signed into law, bringing real benefits for high-income professionals, especially those with families. Here’s a quick breakdown of 7 changes and how they can help you save:

Learn how the Backdoor Roth IRA can help you build tax-free savings even if your income is too high for Roth IRA contributions.

Retirement success isn’t just about savings—it’s about a lasting, tax-efficient plan that aligns with your goals.

Taxes can be the biggest burden for retirees and high-income workers. Here are 7 ways to help reduce the lifetime tax bill