- Tax Planning
- Introduction
- Understand What Our Leaders Have Said Regarding Taxes
- Understand How Tax Planning Can Help You Attain Your Personal Goals
- Understand the Tax Process and Tax Strategies to Help You Lower Your Taxes
- Understand How to Minimize Tax Payments for a Given Level of Income
- Understand How To Be More Efficient With Your Taxes
- Understand the Major Tax Features of the US Tax System
- Summary
- Assignments
- Investments 1: Before you Invest
- Investments 2: Your Investment Plan
- Investments 3: Securities Market Basics
- Investments 4: Bond Basics
- Investments 5: Stock Basics
- Investments 6: Mutual Fund Basics
- Investments 7: Building Your Portfolio
- Investments 8: Picking Financial Assets
- Investments 9: Portfolio Rebalancing and Reporting
- Retirement 1: Basics
- Retirement 2: Social Security
- Retirement 3: Employer Qualified Plans
- Retirement 4: Individual and Small Business Plans
- Estate Planning Basics
Financial Plan Assignments
Your assignment is to understand both the taxes that you paid last year and the taxes that you will pay this year. Get a copy of last year’s income tax form. What form did you use (e.g., 1040A, 1040EZ, etc.)? Why did you use that form?
Think about what you are going to do differently this year in regard to your taxes. What form are you going to use this year? What additional strategies can you use to legally reduce your tax payments?
Finally, what can you do to reduce your taxes now and in the future? What strategies are you going to use? What can you do differently to reduce the taxes you need to pay?
