Maximize your retirement savings and reduce your tax liabilities! Discover 9 ways a 401(k) can help and contact your advisor to learn more!
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Renaissance Financial
Financial Services
Saint Louis, MO 7,897 followers
Using creative business and personal planning, we help our clients achieve financial freedom one relationship at a time.
About us
Renaissance Financial is a financial services firm that provides customized solutions to assist individuals and businesses in reaching their financial goals. Our mission is to use creative business and personal planning to help our clients achieve financial freedom…one relationship at a time. Securities offered through Cetera Advisor Networks LLC, member FINRA/SIPC. Advisory Services offered through Cetera Investment Advisers LLC, a registered investment adviser. Cetera is under separate ownership from any other named entity. Renaissance Financial is independently owned and operated. 5700 Oakland Avenue, Suite 400, St. Louis, MO 63110
- Website
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https://www.renaissancefinancial.com/
External link for Renaissance Financial
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Saint Louis, MO
- Type
- Privately Held
- Founded
- 1994
- Specialties
- Investment Strategies, Estate Planning, Retirement Strategies, Insurance, Employee Benefits, Group Benefits, and Retirement Plans
Locations
Employees at Renaissance Financial
Updates
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You may know the two types of IRAs – Roth and traditional. There is a strategy some people use to convert a traditional IRA into a Roth IRA called a backdoor Roth IRA. This strategy requires you to pay income taxes on contributions and investment gains within the account. Questions about the different types of Roth IRAs? Reach out to your advisor!
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Have appreciated stocks in your portfolio? Consider donating them to charity instead of selling. 📈❤️ ✨ Benefits of Donating Stocks: Tax Savings: Deduct the fair market value if held for over a year. No Capital Gains Tax: Tax-exempt charities avoid capital gains tax on sales. 🚨 Important Tax Rules: Check IRS Publication 526 for charitable donations. Ensure the charity has non-profit status. Record donations on Schedule A with your 1040. 📜 For Donations Over $250: Charity must provide a written statement of the donation's value. For non-cash contributions over $500, attach Form 8283 to your 1040. Donations exceeding $5,000 require a qualified appraiser's letter.
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Planning for the future with an Irrevocable Life Insurance Trust (ILIT) 📜✨. By transferring ownership of a life insurance policy to an ILIT, you ensure that your loved ones are taken care of, free from estate taxes. Remember, it's all about securing peace of mind and protecting your family's future. Questions? Reach out to your advisor to learn more!
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