Do you hear what I hear??? It’s new legislation coming out of Washington this Christmas season! Heading into the New Year the Federal Government has just released legislation that will have far reaching implications for nearly all individuals. You may have heard rumblings of something called the SECURE Act throughout the year. It passed with near unanimity in the House back in May but was met with a frosty response once it moved to the Senate.Read More
Taxes are complicated and so is retirement. When you combine the two, it can get a bit overwhelming. The silver lining is that people who are retired, or are on their way to being retired, have some incredible opportunities to implement tax savings strategies that could benefit them for the rest of their lives. Here are five Tax-Smart Retirement strategies to consider.Read More
Social Security’s rules for collecting are complicated. Benefits for widows are calculated differently than traditional Retirement Benefits, so there are a few key rules and strategies that you need to be aware of. Below are seven things you need to know about Social Security Survivor Benefits.Read More
Roth contributions are good, right?
A brand new client walked into a small financial planning office (we’ll call him Jim). Jim unpacked his account paperwork on the conference room table – a few brokerage accounts, a 401(k), a Roth IRA, that sort of stuff.Read More
With the 2018 tax year closed, most taxpayers saw a decrease in their refunds, and some even owed taxes when they usually receive refunds. This was due to the adjusted withholding tables that came into effect in February 2018, lowering the amount of taxes taken out of taxpayers’ paychecks. Since less tax was paid throughout the year, many saw a tax bill larger than they anticipated when filing their tax returns.Read More