San Francisco Tax Tips – July 2017 – Newsletter

With summer, 2017, off to a “hot” start here in the Bay Area, this month we turn to retirement planning. (To download the July eLetter, click here.)

Retirement Planning for San Francisco Bay Area Residents: We Can Help

San Franciso Tax TipsThe first article in this month’s eLetter focuses on how to maximize the benefits from your retirement savings. Among the variables are the date of retirement, the amount of your contribution to retirement savings, and the expected rate of return. On the expense side, of course, you can estimate how much you need to live on in retirement and make adjustments accordingly. The article also has a nice set of information on how to estimate your social security benefits.  The next article tackles the thorny issue of putting your retirement savings in taxable vs. tax-deferred accounts. It’s not as simple as it seems; it’s not always the best choice to put retirement savings in tax-deferred accounts! (Read the issue to learn why).  Finally, as we have many small business clients here in San Francisco, the third article discusses giving to charity and how this can be used as a business strategy to reduce your taxes. It’s fun reading! (Well, OK, fun to us and to anyone who wants to live well in retirement).

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.

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