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As the tax filing deadline approaches, here are some planning strategies

As the tax filing deadline approaches, here are some planning strategies By: Web Staff and last updated 2021-04-01 18:16:29-04 The tax filing deadline has been extended until May 17, so Carl Carlson, CEO and Founder of Carlson Financial, is providing tax planning insight. He said tax planning doesn’t just involve whether to put money into a traditional IRA or a Roth IRA or how much to put into your retirement plan at work; it also involves things like Social Security claiming strategies, Roth conversions, which investments to own in which types of accounts, what types of taxable accounts to own and how much money to have in each, what type of insurance products to own and how to use them, and when it comes to itemized deductions the possible use of strategies like bunching and others.

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