How to Trim Your 2024 Taxes by Contributing to a Retirement Plan in 2025
Many types of retirement plans allow contributions to be made after year end. And last-minute retirement contributions can be a powerful strategy: You can lower your 2024 taxes while simultaneously […]
Now What? Financial Planning Tips for New Retirees
Now What? Financial Planning Tips for New Retirees Are you just starting or nearing retirement? It’s time to fine-tune your retirement strategies to ensure you’re retirement ready. This workshop offers […]
Charitably Inclined? Pair a Donor-Advised Fund with Your Estate Plan
Your estate plan is the perfect place to make charitable gifts if you’re a charitably inclined individual. One vehicle to consider using is a donor-advised fund (DAF). What’s the main […]
Tread Carefully with Early Retirement Plan Withdrawals
Tax-deferred retirement plans, such as traditional 401(k)s and IRAs, were designed to make building up a retirement nest egg easier. So they’re structured with both carrots (tax-deferred compounding in the […]
8-Step Year-End Checklist
HARVESTING LOSSES Even in the best of times, not every investment may perform as expected. Tax-loss harvesting refers to selling a security in a taxable brokerage account that is worth […]
Some Retirement Plan Benefits Will Increase for 2025
With the 2025 tax year almost here, there’s news from the IRS about retirement savings. According to a recent announcement from the tax agency (Notice 2024-80), there will be increases […]
Elder Scams: Don’t Take the Bait
Today, virtually everyone is vulnerable to fraud schemes, from teenagers searching social media to middle-aged people making online purchases and senior citizens caught up in Ponzi schemes. But financial exploitation […]
Have You Considered a Backdoor Roth IRA Conversion?
Traditional IRAs are a well-known, tax-deferred retirement saving vehicle. But they come with a major downside: You’re taxed on withdrawals. Roth IRAs eliminate this downside. You can take federal-income-tax-free qualified […]
8 Steps Toward Enhanced Financial Security
During uncertain times, you may be concerned about the effects world events will have on your financial affairs. Of course, there are no absolute guarantees of protection, but shoring up […]
Roth 401(k) Plans Have New Appeal for Employers
The traditional 401(k) plan is the most popular qualified retirement plan in the United States. As of March 31, 2024, Americans held $7.8 trillion dollars in 401(k) plans (out of […]