Combatting Retirement Anxiety and the Fear of Running Out of Money

Combatting Retirement Anxiety and the Fear of Running Out of Money

Retirement is the endgame for most people — it’s literally why we work so hard our entire lives. But it’s also no longer a situation that is as straightforward as it once was, particularly as far as financial planning is concerned. According to one recent study, nearly one out of every three people have nothing saved for retirement. Read More

It’s Not Too Late to Make a 2018 Retirement Plan Contribution

It’s Not Too Late to Make a 2018 Retirement Plan Contribution

Article Highlights:

  • Traditional IRAs
  • Roth IRAs
  • Spousal IRA Contributions
  • Simplified Employee Pension Plans
  • Solo 401(k) Plans
  • Health Savings Accounts
  • Saver’s Credit
  • Children with Earned Income

 
Have you been ignoring your future retirement needs? This tends to happen when people are young; because retirement is far in the future, they believe that they have plenty of time to save for it. Some people even ignore the issue until late in life, which causes Read More

Disappointed in Your Tax Refund? 

Disappointed in Your Tax Refund? 

Article Highlights:

  • Average Refund Down
  • Tax Filings Down
  • Effects of Lower Refunds
  • Actual Tax Generally Lower
  • How This Happened

 

If your tax refund is less than you anticipated, you are not alone. Read More

2019 Tax Guide

2019 Tax Guide

Highlights of Changes

EFFECTIVE 2019

Congress in December of 2017 passed the Tax Cuts and Jobs Act (TCJA) that made sweeping changes to the tax laws. The issues impacting individuals and small businesses are included throughout this pocket tax guide. Some of those changes were not effective until 2019 as described below. In addition, a substantial number of the changes required the IRS to write regulations to provide clarification. A brief summary of the most significant changes follows. Read More

Keeping Your Tax Records

Keeping Your Tax Records
When it comes to your taxes, good records are the best protection you can have if the government decides to audit your returns. But just as important as your effective recordkeeping are the measures you take to make certain that your records are kept safe. While it may cause a chuckle to picture a mythical taxpayer confessing to an IRS auditor that tax records were destroyed by the family pet, it probably wouldn’t be nearly as funny to give a similar response in a real audit of your own. Read More

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