Taxes

• Tax Planning
  Tax planning isn’t just something you think about when filing, it requires year-round attention if done properly. Surely, your accountant should play a large role in this, but consider working with a financial advisor who can recommend tax-efficient investment strategies as well.
• Charitable Giving
  Charitable giving strategies. The amount and timing of charitable giving can have an impact on your tax bill. A financial advisor can help you determine when and how much to give so you can deduct your charitable contributions from your adjusted gross income. An advisor may help you time gifts to charity so deductions can offset other big taxable events, like a financial windfall, a salary raise, or a large bonus at work.
• Roth IRA
  In this educational video, Victor from Connor Wealth Management explains the concept of a Backdoor Roth IRA. While Roth IRAs offer tax-free growth and withdrawals in retirement, there are income limits that may prevent high earners from contributing directly. The Backdoor Roth IRA strategy provides a legal workaround for those
• Tax Deductions
  Tax planning involves a lot of moving parts from annual adjustments to IRA contribution to charitable deductions to staying abreast of local tax laws. Working with a financial advisor on year-round tax planning can help ensure you’re maximizing tax deductions, taking advantage of tax credits, and using tax-efficient investment vehicles effectively. An advisor can help ensure you don’t miss any opportunities to reduce your bill and will keep up with regulatory changes, making any necessary adjustments to your plan.
• Income Tax
  401(k) plans are long-term retirement savings vehicles. Withdrawal of pre-tax contributions and/or earnings will be subject to ordinary income tax and, if taken prior to age 59 1/2, may be subject to a 10% federal tax penalty. As with other investments, there are generally fees and expenses associated with participation in a 529 plan. There is also a risk that these plans may lose money or not perform well enough to cover college costs as anticipated. Most states offer their own 529 programs, which may provide advantages and benefits exclusively for their residents. Investors should consider, before investing, whether the investor’s or the designated beneficiary’s home state offers any tax or other benefits that are only available for investment in such state’s 529 college savings plan. Such benefits include financial aid, scholarship funds, and protection from creditors. The tax implications can vary significantly from state to state.

Investment

• Investment Management
  Don’t miss out on upcoming events with Connor Wealth Management. Our experienced advisors offer valuable insights to help you take control of your financial future. Join us to learn more about retirement planning, investment management, and more.
• Mutual Funds
  Our comprehensive investment management services offer a range of options including alternative investments, separate & unified accounts, discretionary accounts, structured products, options, and traditional offerings like equities, fixed income, annuities, mutual funds, and ETFs. Our team of experts provides experienced guidance to help you navigate these options and make informed investment decisions.
• Wealth Management
  Explore Connor Wealth Management’s insightful articles, curated to provide you with valuable information and guidance on various topics of personal finance.

Planning

• Financial Planning
  Our team is dedicated to providing personalized financial planning and ongoing management with the aim of responsibly maintaining and supporting your wealth.
• Retirement Planning
  We believe that your financial future deserves the highest level of care and attention. That’s why we are dedicated to being your trusted advisor, providing a comprehensive and personalized approach to managing your wealth. Our goal is to simplify financial complexities and help you achieve your long-term financial objectives. Retirement planning involves moving from the accumulation phase to the distribution phase, where the needs are different.
• Annuities
• Asset Management
  *Investing involves risk and you may incur a profit or loss regardless of strategy selected, including diversification and asset allocation
• College Funding