September 2016 Recap

You know it’s the fall in North Texas when your kid comes home from school with tickets to the State Fair of Texas.  The Fair just kicked off its 130th year, and it’s a pretty big deal in these parts with a number of attractions drawing hundreds of thousands of people every year. The State

Roth 401k vs Traditional 401k, Which is Best?

Recently, there has been renewed discussion about whether employee investors should make traditional pre-tax contributions into their employer-provided 401k plan or take advantage of the Roth 401k option.  Over the past several years, many employers have added a Roth 401k option to their retirement plan offering, which is the basis for the increased discussion. What

Tax Free? Does it Really Exist?

Most People Confuse Tax Deferred (will be taxed at some point) with Tax Free (will never be taxed) When most investors hear “tax free income”, they immediately think about investing in municipal bonds which are free from federal income taxation.  There are many financial calculators for the tax free equivalent yield when investing in municipal


Last month’s Captain’s Table piece, was the first installment in a three-part series on estate planning. Estate planning is the “most overlooked, misunderstood and procrastinated piece” of the financial plan for most families, when it really shouldn’t be. Putting together a good estate plan is relatively straight-forward, especially with the help of an experienced attorney, and is not as costly, complex or time-consuming as you might think.

In Part one, we discussed the will and the trust. We discussed why the will is the foundation of any estate plan and how a trust can be a flexible, efficient and an inexpensive tool that complements the will, and can also helps keep matters private and outside of the public record. In this installment, we’ll focus on the history of the estate and gift tax system and how present laws impact bequests made while living and at death.

Getting Divorced? Should You File Joint or Separate Tax Returns?

Getting divorced?  Should you file Joint or Separate Returns? Your marital status on December 31 determines your filing status for the entire preceding year.  If you are still married on December 31, you have a choice.  You can file jointly with your soon-to-be ex-spouse or file using married filing separately status.  You might qualify to


Many of the items we are going to discuss require action   before year-end, and definitely before you or your tax preparer begin to compile your tax return for 2014. While taxes are inevitable, assuming you have taxable income, with proper tax planning you can maximize your potential for tax savings.