Why Tax Planning is Essential: Life Transitions & How They Affect Your Taxes
An elite athlete trains all year, for years at a time. They are physically able to do things that most of us can only dream of. Throughout the course of…
Protect your Retirement from Income Taxes
There are a several ways financial advisors can decrease the toll taxes take on retiree clients’ portfolios. Shakespeare President, Kevin Reardon, shares his thoughts on the matter in this CNBC…
Saving a Client $100,000+ in Taxes
A recent client experience served as a great example of how we add value to our clients. In this specific example, our strategy saved them over $100,000 in taxes. Here…
Controlling Capital Gains Tax
You work hard to earn a buck. The government taxes your income a few different ways, including federal income taxes, FICA taxes (Social Security and Medicare) and a state income…
How Will We Turn our Assets into an Income Stream?
Although we approach retirement with great expectations, one of the scariest days of a person’s life is the day they retire. This is the day when your paycheck stops. Imagine…
Maximizing your Tax Bracket to Lower Lifetime Taxes
The tax code is incredibly complex and ever changing. Factor in changes to personal situations and it’s not uncommon to find people who understand little about their tax return and…
Tax Planning Strategies to Build Wealth
There is an old adage that says, ‘it’s not what you make that matters, it’s what you keep that can make a difference.’ When it comes to creating and managing…
Top 10 Tax Saving Ideas
Keep in mind the tax code changes frequently. Understanding what tax planning strategies are available, as well as how and when to use them is critical. 1. Pre-Tax Savings &…
What are RMDs and How do They Impact my Taxes?
What are RMDs? The IRS forces you to begin taking distributions from your IRAs and other retirement accounts at age 70 ½ (don’t ask me where they came up with…
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Shakespeare Wealth Management, LLC
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Pewaukee, WI 53072-5260