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Patrick McNamara | Jun 6, 2025

5 Smart Ways to Use Your Tax Refund in 2025

Investments
Finance
Tax Planning

Tax season might not spark joy, but a refund sure can.

In 2025, the IRS estimates the average federal income tax refund will top $3,170.1 That means a lot of

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Backdoor Roth IRA Conversion Strategy 2-Step Process. Make a deductible contribution to a Traditional IRA, then convert it to a Roth IRA
Patrick McNamara | May 26, 2025

Unlocking Roth IRA Benefits for High-Income Earners: The Backdoor Roth Strategy Explained

If you're a high-income earner, you've likely run into income limits that block direct contributions to a Roth IRA. But there's good news: with a legal and IRS

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Need To Know About Tax Cuts and Jobs Act | Claro Advisors
Patrick McNamara | Apr 23, 2025

What You Need to Know About the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act (TCJA) was an amendment to the Internal Revenue Code that was rolled out in 2018.
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Social Security Benefit Planning & Taxation | Claro Advisors
Patrick McNamara | Mar 12, 2025

Understanding Social Security Benefit Taxation

Receiving Social Security benefits is advantageous in retirement, but like almost every other form of income, these benefits are taxed by the government.
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How Financial Investment Income Is Taxed | Claro Advisors MA
Patrick McNamara | Feb 18, 2025

All investment income is not the same. How is your income taxed?

Investment income can come from various sources, and not all types are created equal. Different types of income have different tax implications, risk levels

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Claro Advisors LLC ("Claro") is a Registered Investment Advisor with the U.S. Securities and Exchange Commission ("SEC") based in the Commonwealth of Massachusetts. Registration of an Investment Advisor does not imply any specific level of skill or training. Information contained herein is for educational purposes only and is not to be considered investment advice. Claro provides individualized advice only after obtaining all necessary background information from a client.

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