The Big Picture — The US has a progressive tax system in which gradually higher rates are assessed on higher levels of income. For example, an individual
Fall is a time of harvest. Ready to be picked are bright red apples in the trees, bulging pumpkins in the field and unfortunately, losses in taxable portfolios
At GEM, we often work with several generations in managing families’ wealth. That work can vary, but at the moment we are helping to settle several estates
Big Picture — After much deliberation, Congress recently passed the “One Big Beautiful Bill Act of 2025” (OBBB). The main result for taxpayers is that it
We recently began a look into the complexities involved in passing on individual retirement accounts with a look at the basic rules. The rules of how inherited
Individual Retirement Accounts first became available in 1975, and in the 50 years since they have become a major part of how Americans build wealth and save
The tax filing deadline was Tuesday, April 15, but we’re filing for an extension on tax planning talk! Let’s be clear, tax planning isn’t just about minimizing
It’s tax season. Beyond getting our returns completed and filed, many of us don’t give much them consideration beyond whether we’re getting a refund or not
