Nov 16, 2021 | Firm Updates, Individual Tax, Retirement Planning
Are you considering a move to another state when you retire? Perhaps you want to relocate to an area where your loved ones live or where the weather is more pleasant. But while you’re thinking about how many square feet you’ll need in a retirement home, don’t forget...
Jun 19, 2020 | Firm Updates, Retirement Planning
Social Security, or the Old-Age, Survivors, and Disability Insurance (OASDI) program, provides benefits to retirees, survivors, and the disabled. Social Security is funded primarily through payroll taxes (FICA and SECA) and retirement benefits received are based on...
Dec 24, 2019 | Firm Updates, Individual Tax, Retirement Planning
As part of a year-end budget bill, Congress just passed a package of tax provisions that will provide savings for some taxpayers. The White House has announced that President Trump will sign the Further Consolidated Appropriations Act of 2020 into law. It also...
Nov 20, 2019 | Firm Updates, Retirement Planning
You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a taxwise way to build a nest egg. If you’re not already contributing the maximum allowed,...
Nov 7, 2019 | Firm Updates, Individual Tax, Retirement Planning, Tax Tips
Are you charitably minded and have a significant amount of money in an IRA? If you’re age 70½ or older, and don’t need the money from required minimum distributions, you may benefit by giving these amounts to charity. IRA distribution basics A popular way to transfer...
Jul 12, 2019 | Firm Updates, Retirement Planning, Tax Tips
During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social Security benefits, you may be surprised to learn that some of the payments may be taxed. If you’re getting...
