Washington State Long-Term Care Trust Act and What You Need To Know
By Shane Larson, CFP® In 2019, the Washington State Legislature passed the WA State Long-term Care Trust Act (LTCTA) which will impose a new tax on Washington employees. Washington State is the first state in the nation to enact this type of law to mitigate the cost of long-term care and limit the burden on […]
Tax Planning Part II: Planning For Retirement
By Caroline Alabach This is a two-part series on end-of-year tax planning. For Part II, we receive advice on retirement planning from financial planner Caroline Alabach. You can find Part I from CPA Chris Davies here. When I opened my office in Magnolia a number of years ago, my main clientele were people nearing the age […]
Tax Planning Part I: Planning For Retirement
Chris Davies, CPA This is a two-part series on tax planning. First, we hear from Chris Davies, president of Davies Tax Advisors[1], a CPA with whom Mainspring works closely to provide tax strategies for clients. Stay tuned for Part II, where we hear from Caroline Alabach on the ways to convert your retirement savings to limit […]