by Admin | Jan 19, 2026 | Retirement
Individuals age 50 and over can make additional annual “catch-up” contributions to salary reduction plans including 401(k) Deferred Compensation plans, 403(b) TSA plans, 457(b) Government plans and SIMPLE plans. Age 50+ Catch-ups: For 401(k), 403(b) and 457(b) plans,...
by Admin | Oct 14, 2025 | Individual Taxes, Retirement
As retirement approaches, many older Americans seek strategies to maximize their savings and ensure financial stability. Retirement plans often provide “catch-up” contributions, a frequently overlooked opportunity to significantly boost retirement funds....
by Admin | Sep 1, 2025 | Individual Taxes, One Big Beautiful Bill, Retirement, Tax Planning
In recent legislative developments, the Omnibus Budget Reconciliation Bill for 2025 and Beyond (also known as the One Big Beautiful Bill Act, or OBBBA) has introduced significant tax provisions, some tailored to benefit seniors, ensuring they receive enhanced support...
by Admin | Aug 29, 2025 | Estate Taxes, Individual Taxes, Retirement
For years, the myth persisted: Estate planning is only for the ultra-wealthy. But if you’re Gen X, a Boomer, or even one of the older Millennials, it’s time to rethink that mindset. A lot has changed. And waiting until it’s urgent could leave your...
by Admin | Aug 25, 2025 | Business Taxes, Retirement
The reinstatement of bonus depreciation is a critical component of recent U.S. tax legislation aimed at fostering economic growth. The 2017 Tax Cuts and Jobs Act (TCJA) had already put significant emphasis on bonus depreciation, but its permanent reinstatement under...
by Admin | Jun 2, 2025 | Individual Taxes, Retirement
You did it.You worked hard, saved consistently, and now you’re either enjoying retirement—or it’s just around the corner. You’ve been told for years to put money into retirement accounts, defer taxes, and wait for the golden years. But wait… no one told...
