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Pete A. Lang is an Investment Adviser Representative and president of Lang Capital with offices in Hilton Head and Charlotte, N.C. Pete has a Master of Laws in Taxation from New York University and Accounting and Law degrees from the University of South Carolina. Now retired from the public practice of law and accounting after 20 years, Pete specializes in assisting his clients with investment, retirement and tax-planning strategies. His background makes him uniquely qualified to handle the most complex retirement, tax and estate plans.
When used judiciously, a home equity line of credit, or HELOC, can be a tool to help retirees control their taxes and can serve as a potential backstop when unexpected expenses hit.
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Certain examples of this type of annuity can help you steer clear of some sky-high fees and scary surrender charges. However, make sure you understand exactly what you're getting into.
Mutual funds that try to outperform the overall market tend to have to work hard, and thus they cost more than a vanilla index fund. But institutional wealth managers can find ways around some of the costs involved.
No matter your political party, there could be some opportunities ahead for you to reduce your tax bill. Be ready to take advantage of them.
Without a comprehensive tax strategy in place, many retirees may pay three times more in taxes than they need to. Avoid that by “filling” your tax bracket. Here’s how.