by Admin | Nov 14, 2023 | Retirement, Tax Planning
In today’s dynamic financial landscape, it’s imperative to explore innovative ways to save and grow your nest egg. This comprehensive guide outlines practical and proven savings hacks that can significantly enhance your financial security and future...
by Admin | Nov 14, 2023 | Business Taxes, Individual Taxes, Retirement, Tax Planning
The baby boomer generation, a demographic cohort born between 1946 and 1964, is on the cusp of a significant transition. As they approach later stages of life, the importance of comprehensive estate planning cannot be overstated. This generation, one of the largest in...
by Admin | Aug 15, 2023 | Retirement, Tax Planning
In 2019 Congress passed legislation named the Setting Every Community Up for Retirement Enhancement Act – shortened to the SECURE Act – that included a number of retirement plan changes and enhancements. In late December, 2022, the SECURE 2.0 Act was passed and signed...
by Admin | Jul 19, 2023 | Retirement
On July 14, 2023, the IRS issued Notice 2023-54 announcing that traditional IRA owners who will attain age 72 in 2023 (that is, individuals born in 1951) will have to take their first required minimum distribution (RMD) by April 1, 2025, rather than April 1, 2024....
by Admin | Apr 11, 2023 | Retirement, Tax Planning
Most of the time an expense that may be tax deductible needs to be paid by the end of the year for which the expense will be claimed. However, there is an exception to that rule. IRA contributions for the prior year can be made after the close of the year if made by...
by Admin | Jan 24, 2023 | Individual Taxes, Retirement, Tax Planning
When you are attempting to defer the taxability of a capital gain, save money for your children’s future education or plan your retirement finances, you may do so in several ways, including investing in the stock market, buying real estate for income and appreciation,...
