Tax Strategies 101. University of Missouri Medical School February 16 th , 2011 Presented By: Evan McGinnis Financial Advisor And James Pommert Financial Advisor. Key Tax Strategy Overview. Tax Basics Deductions vs. Credits Student Loans Education Credits 3) IRA vs. Roth IRA
University of Missouri Medical School
February 16th, 2011
Evan McGinnis Financial Advisor
And James Pommert Financial Advisor
Securities and investment advisory services through Securian Financial Services, Inc.,Member FINRA/SIPC. Renaissance Financial is independently owned and operated. 5700 Oakland Ave. Suite 400 St. Louis, MO 63110
3) IRA vs. Roth IRA
Tax advantages and disadvantages
4) Tax Strategy
Know the Law
Know Your Limits
5) Legal Strategies
Example A: $1,000 Deduction
Example B: $1,000 Credit
Student Loan Interest
Health Insurance Premiums
Personal Property Taxes
Savings for College
Earned Income Tax
Disability Insurance Employer Paid
Financial advisors do not provide specific tax strategies. This information should not be considered specific tax strategies. You should consult your tax advisor for your own specific tax situation.
Financial Advisors do not provide legal advice. This information should not be considered as specific legal advice. You should contact your legal advisor for your own specific legal situation.
May be more beneficial to buy a house then to rent. You can deduct your interest paid on the mortgage, reducing your taxable income and putting more money in your pocket.
234238 DOFU: 9/2010