Even in the busiest time of the year, you can still take a moment to cut your tax bill.
As the year winds down, many folks are thinking about the family and holiday celebrations and might not be thinking of tax day on April 15. Here are three ideas that can you can act on before the end of December that will save you taxes. It’s a good idea to talk with your fiduciary, fee-only financial planner about your tax strategy. She can likely give you a couple more great ideas to take to a meeting with your tax professional before year end.Read Full Article
tax free contributions
Happy Birthday – Welcome to AARP
We are all getting older. Maybe you noticed. One rite of passage is the arrival of your AARP application on your 50th birthday. It’s a great wake up call to get your retirement in order.
It came in the mail. Just another envelope to process. But for some reason the letters AARP rang in my head – American Association of RETIRED Persons. You get the envelope around your 50th birthday. Once upon a time, 50 seemed OLD. Now — not so much.Read Full Article
myRA vs. Roth IRA: What You Need to Know about myRA
We have gotten several questions about the new retirement accounts introduced by the president during his State of the Union address in 2014. It’s always nice to have another retirement savings option, but for most of our clients, contributing to a traditional Roth IRA account is a better way to reach their savings goals. In the interest of keeping folks informed, I thought I’d pass along the following details on the myRA.Read Full Article
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