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Retiring Soon?  Watch Out for IRMAA!

Retiring Soon? Watch Out for IRMAA!

Are you planning to retire in the next few years? If so, you’ll want to get to know IRMAA to avoid one of the more stealthy taxes. Wait, What?! Unfortunately IRMAA is one of those nasty surprises that hits you and you go “Wait, what?!” Your tax preparer can explain it to you after you… read more

Are You Prepping or Planning?

Income tax season is upon us as 1099s fill our mailboxes and the filing deadline looms just 60 days from now.  Many filers will turn to Turbotax or other software and nervously complete the forms, hoping not to make a mistake that might bring on the wrath of the IRS.  They may also be anxiously… read more

COVID Gives US Economy Swine Flu

Do you remember the PIGS?  The European Debt Crisis a decade ago centered around Portugal, Italy, Greece and Spain.  Their governments and banking systems were in dire straits after excessive borrowing and they needed to be bailed out by their European neighbors, the European Central Bank and the International Monetary Fund.  The crisis dragged on… read more

Itemized Deductions—Could They Help You?

As the year comes to an end, it is time to start looking at your deductions, and whether you will be taking the standard deduction or itemizing. When taking the standard deduction, the IRS has set dollar amounts—based on filing status—to subtract from your income. You also have the option to itemize which allows you… read more

Ten Reasons to Tax Plan Now

Taxes are the biggest expense for many Americans, and yet, most fail to do much to reduce their income taxes.  Those that use a professional tax preparer may get some good suggestions when they get their tax return done early in the year, but to get the best tax savings, you need to so some… read more

Three Factors May Reduce Your Retirement Income

With all of the chaos this year, one area where many Americans may feel pretty good is their finances.  If you’ve been able to keep your job and didn’t sell off your stock holdings in the spring’s bear market, you may feel that you are still on track for that comfortable retirement.  Or, if you’re… read more

Can I Take a Home Office Tax Deduction?

As a result of the COVID-19 pandemic, many people who do not typically work from home are doing so now. And many workers will continue to do so for the foreseeable future. This brings up an interesting question, “Do I qualify for a tax deduction if I work from home?” The Tax Cuts and Jobs… read more

2020 Planning Checklist

The world has changed dramatically in 2020 so it’s a good time to revisit your financial planning.  There have been three major tax laws enacted over the past several months and many people’s income will look very different this year. It’s also a good time to revisit your retirement plan and estate plan.  And Michiganders… read more

Why Real Estate?

Since Vintage was founded in 1985, we’ve always allocated some of our client’s funds to real estate investments. The allocations have changed based on our outlook for the investment class and our client’s situations. Today, we have a larger allocation than usual, especially for our retired clients. If we look back throughout US history, it… read more