We return this month to a focus on the retirement needs of middle class or high income tax payers. Accordingly, our monthly eLetter starts off with ‘Tax-Wise Portfolio Rebalancing.’ (To download the May eLetter, click here).

Of Stock and Social Security

San Francisco Tax Tips

Photo credit: Derek Giovanni Photography via Foter.com / CC BY-ND

Most of us have assets in the stock market, either in tax-deferred “retirement” accounts or in taxable accounts. One of the safest investment strategies is to keep a balanced portfolio among asset classes, such as stocks and bonds, and periodically rebalance your account. However, especially in taxable accounts, selling an asset can trigger a tax. Our office can advise you on the best ways to follow your investment strategy yet minimize your tax bite. Another common and important part of the retirement puzzle is social security. Many married couples confront one spouse with a higher income and one with a lower, and then must manage who signs up for social security, when and how. Again, we can advise you on how to make social security an effective part of your retirement strategy. Finally, many San Francisco businesses come to us for help setting up employee compensation programs, including retirement. Accordingly, this month’s eLetter has a nice summary of how in retirement plans, SIMPLE may be better. Enjoy the eLetter!

About Safe Harbor LLP – a Professional CPA Firm in San Francisco

Safe Harbor LLP is a CPA firm that specializes in accounting and tax services for individuals and businesses throughout the San Francisco Bay Area and greater California. Safe Harbor CPAs helps both individuals and businesses with tax preparation, IRS audit defense, and audited financial statements. The firm prides itself on friendly yet professional service and utilizes state-of-the-art Internet technology to provide quality customer service. Its goal: to be the best CPA firm in San Francisco.

Safe Harbor CPA

Tel. 415.742.4249