Smart Wealth Blog

Yes. 360 Financial's required minimum distribution tax planning works alongside every RMD, coordinating the withdrawal with your tax bracket, your Medicare premiums and the rest of your income picture, not just calculating the number the IRS requires. For Minnesota households with a traditional IRA, a 401(k) or another qualifying account, that coordination is often the difference between an RMD that quietly fits into the plan and one that pushes a retiree into a higher bracke

Finding a Tax Planning Advisor in Elk River, MN: What the Right Team Looks Like Elk River and the northwest metro have seen significant growth over the past decade. More families, more business owners, more people who have worked hard and now have more at stake financially than they did five or ten years ago. With that comes a question more people in Sherburne County and the surrounding area are asking: is my financial team actually doing tax planning, or are we just reac

A financial advisor helps with tax planning by coordinating your investment decisions, retirement distributions, and estate strategies so they work together from a tax perspective. In Bloomington, Minnesota, a south metro community with a high concentration of corporate professionals, retirees, and dual-income households, year-round tax coordination can make a meaningful difference in long-term financial outcomes. 360 Financial, with offices in Wayzata and Elk River, serves

360 Financial in Elk River, MN offers fiduciary tax planning for families and business owners in the northwest metro. Work with a team that plans year-round, not just at tax time.

Rogers, MN residents and business owners: 360 Financial's CFP and CPA team offers year-round tax planning connected to your full financial picture. Elk River office nearby.

St. Michael residents and business owners: 360 Financial's CPA and CFP team offers tax planning built around your full financial picture. Elk River office, Twin Cities metro.

Minneapolis residents: 360 Financial's CPA and CFP team integrates tax strategy into your full financial plan. Serving the Twin Cities from offices in Wayzata and Elk River.

How Much Is Capital Gains Tax in MN? Minnesota taxes net capital gains as part of your regular income. Net capital gains means your total capital gains minus any capital losses. If your losses are greater than your gains, you can use up to $3,000 of those losses per year to reduce other income and carry forward the rest to future years.

While Minnesota doesn't have a gift tax, certain gifts made within three years of death may be included in your estate for Minnesota estate tax purposes.

If you're wondering about how estate taxes in Minnesota work, this simple guide will help.

One way to manage your investments better is by leveraging tax-efficient strategies to help minimize your tax burden.

Your financial advisor can help you minimize taxes so you keep more money in your pocket.

Year-End Tax Planning Webinar 2024. As 2024 approaches, it's time to take control of your financial future and work towards making the...

If you’re like me, you don’t mind paying the tax that you owe — but overpaying taxes…no thank you!

Nobody wants to pay more tax than they absolutely necessary. And that’s understandable. For many of us, tax is our biggest expense.