by Admin | Aug 30, 2022 | Retirement
That is an important question because the actual money you have to spend when you retire depends upon the after-tax sources of your retirement income. Thus it is important to understand how the various retirement vehicles are taxed. There is significant...
by Admin | Aug 11, 2022 | Retirement, Tax Planning
Tax law requires individuals who have reached age 72 to begin taking minimum distributions from their traditional IRA accounts. These are referred to as a required minimum distribution or RMD. The RMD amount is the value of the IRA account on the last day of the prior...
by Admin | Jul 5, 2022 | Individual Taxes, Retirement, Tax Planning
When was the last time you or your attorney reviewed or updated your will or trust? If it was some time ago before the passage of substantial tax law changes over the past few years, your documents may be out of date. Among the many changes was a substantial revision...
by Admin | Jun 23, 2022 | Business Taxes, Entrepreneurial, Individual Taxes, Retirement, Tax Planning
Waiting for your regular appointment to discuss current tax-related issues can create problems or cause you to miss out on beneficial options that need to be timely exercised before year-end. Generally, you should call this office any time you have a substantial...
by Admin | Jun 16, 2022 | Individual Taxes, Retirement, Tax Planning
When Congress enacts tax laws, many times whether the law applies is based on the age of the taxpayer or a taxpayer’s dependent. Reaching a certain age sometimes provides a tax benefit, while in other cases there’s a tax “penalty” – meaning that a specific type of...
by Admin | Jun 7, 2022 | Individual Taxes, Retirement, Tax Planning
Are you familiar with 401(k) retirement funds? More and more employers are offering 401(k) plans as an employee benefit, and if you have the option and are not currently taking advantage of it, it may be time to rethink your savings strategy. Not only do these popular...
