Tax Planning

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Taxes can be confusing and frustrating, but they’re an important part of your financial well-being. Learn more about strategies and techniques for navigating or crafting a tax plan.

Want to learn more about tax planning? Fill out our Event Interest Form to join us for one of our Estate and Tax Planning Workshops.

We’re always available to answer any questions you might have. Get in touch and we can have a confidential retirement opportunity conversation!

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Tips for Successfully Converting Your 401k to a Roth IRA in Maryland

TL;DR: Converting a 401(k) to a Roth IRA can provide Maryland residents with long-term tax-free growth, but it comes with up-front tax implications—especially in a high-tax state like Maryland. Strategic planning around timing, partial conversions, and tax brackets is key. Always consult a tax advisor to tailor the move to your financial goals and state-specific […]

What is a Backdoor Roth IRA Conversion? A Maryland Resident’s Guide

TL;DR: Backdoor Roth IRA conversions let high-income Maryland residents access tax-free Roth accounts despite income limits. While legal and valuable, they involve IRS rules (like pro-rata treatment) and Maryland tax implications—so professional guidance is essential. Why Use One? Tax-free growth on investments. No RMDs, offering greater flexibility in retirement. Estate planning benefits through more tax-efficient […]