There is never a bad time to contribute to your retirement. Before the tax filing deadline in April, many people take advantage of the opportunity to reduce taxes by funding a Traditional IRA. While that makes sense for some, others may benefit by contributing to a Roth IRA that offers no immediate tax break, but […]
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Four Estate Planning Must Haves
While not the most fun topic, estate planning is crucial to protecting your estate and beneficiaries. A good estate plan allows You to plan for what will happen to your house, investments, retirement accounts, life insurance, and personal belongings (ex. jewelry, furniture, collectibles, etc.). We consider the following to be must haves for your estate […]
Estimated Payments – Don’t Let the IRS Penalize You!
Quarterly Tax Payments As Ben Franklin once said, “In this world nothing can be said to be certain, except death and taxes”. The IRS expects you to pay taxes on the income that you receive during the year, whether from a corporate job, self-employment, or other sources. The IRS requests that you make tax payments to them as your […]
The Three Best Ways to Save for College
April showers bring May flowers… and graduations! It is hard to believe that another school year is wrapping up. As 2017’s high school seniors prepare to graduate and head to college this fall, they and their families will be thinking about how to cover these ever-increasing costs. College tuition has continued to rise faster than […]
Retirement Bracketology
How much do I need to retire? How should I be funding my retirement? What type of account should I fund first? According to a recent survey, 47% of people polled had less than $25k in retirement savings. The even scarier fact is that 24% said they have less than $1,000! Saving for retirement can […]
A Trip Down to the Social Security Office
For all of our clients who are planning on taking Social Security benefits soon, we encourage you to know the rules of what you are entitled to BEFORE you apply for your retirement benefit. As part of new legislation, only those who were age 66 or older by April 30th were able to employ the […]
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