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This is a high-performance game.
Market-rate condominium towers and luxury conversions dot the Kings County coastline, their presence telegraphing a need for a higher income bracket.
A municipal bond fund is fine for a high-tax-bracket saver, possibly worthwhile for a middle-bracket saver and completely irrational for a tax-sheltered account.
His tax plan, unveiled earlier this year, was praised for lowering corporate rates and bringing the top individual tax bracket down to 35%, but panned by conservatives for pushing some households earning $75,000, or $150,000 for couples, into a higher tax bracket.
Even if there is a slight negative cash flow, this might act as a useful tax shelter for someone in a higher tax bracket.
Higher prices for Treasury bonds have created excellent opportunities in the municipal market, especially for investors in a high tax bracket.
For longer-term income investors looking for steady monthly paychecks, the best time to buy munis is usually anytime — especially for those in a high tax bracket.
For a high-bracket taxpayer, that's equivalent to better than 8% on a corporate bond.
A 7% mortgage has an aftertax cost in the neighborhood of 4% for a high-bracket investor.
If you're in a low tax bracket for 2017 and expect to be in a higher tax bracket for subsequent years, including retirement years, consider a Roth IRA conversion before year-end 2017.
"The tax-preferential treatment of life insurance can be especially advantageous for individuals in a higher income tax bracket or as a hedge against a rising tax environment.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com