With the New Year approaching, many investors are already planning ahead and fine-tuning their tax strategies. From new homeowners and parents to self-employed professionals and small-business owners, we have many helpful tips and insights to help make your tax strategy work better for you in 2005.
Your Needs, Your Strategy You know you have a sound tax strategy when it's based on your distinctive needs. The Tax Strategy section on our website has practical information for a wide range of issues ranging from retirement and 401(k) plans to education and home ownership. You'll learn that there are many aspects to creating a plan that is designed to work for you:
Match your tax strategy and retirement plan. Retirement plans come in many shapes and sizes. Find out the difference between a 401(k) and Keogh plan, or a ROTH and SEP IRA. You'll learn how much you can contribute in these plans, and how it may affect your taxes.
Rollovers can help you save taxes. Rollovers help you move from one IRA plan to another and minimize taxes and penalties. How do you report a rollover on your tax return? Can you do a partial rollover? We explain how rollovers work in a way that's easy to understand.
How to make savings and education go together. Education can be expensive and every dollar counts. We compare education savings opportunities in an easy-to-use chart to help you make an informed decision.
Your home as tax haven. A home is more than just a personal haven, it's a big opportunity to save on your taxes. What are the tax implications in owning a home and are you taking full advantage of all possible savings? Learn more about the tax aspects of home ownership.
Be a bookworm. There are a plethora of books in the marketplace that offer tax tips. Which ones do we like? Check out the book recommendations that offer the best insights.
Exclusive customer offers. If you choose to file your taxes online with TurboTax® for the WebSM , watch for our special offer in the next edition of the Wachovia eNewsletter.
Visit Our Tax Strategies Online Since Wachovia Securities is not a tax or legal advisor, these are just a few things to consider regarding tax planning. For more useful tips and information, visit our Tax Strategies section to help you better prepare for the year ahead.
