Joe Ramos, CEO & Sr. Wealth Advisor
Joe Ramos, CEO

Letter from the CEO

Tax Planning Update



In attempts to ease the credit crunch threatening to bankrupt U.S. financial institutions, in October 2008, Congress passed the Emergency Economic Stabilization Act. The financial rescue package also includes a number of tax incentives aimed at individuals and businesses facing recession. We detail the provisions of the new tax law, including an alternative minimum tax (AMT) patch, energy incentives, and extensions of business deductions in "Bailout Bill Features $150 Billion in Tax Incentives."

Saving money in a tax-advantaged retirement plan can cut your tax bill, while helping you prepare for the future. The advantages of these savings vehicles as part of your overall financial strategy are clear; however, selecting the types of accounts that will work best for you may be less straightforward. In "Trimming Your Taxes While Saving for Retirement," we review a variety of tax-advantaged options for retirement savings.

Finally, consider the old adage: "Only two things in life are certain: death and taxes." However, taxes do not cease at death. Without proper planning, estate taxes may reduce the amount you will be able to pass to your heirs, especially if you have been fortunate enough to accumulate substantial assets during your lifetime. We present strategies for reducing the size of your estate and lessening your family's future estate tax burden in "Gifting Your Way to Estate Tax Savings."

As always, we welcome your comments,

C. Joseph Ramos