Happy Birthday Roth!

Roth IRA’s turn 20 this month. In 1998, 20 years ago Congress, passed the Taxpayer Relief Act, creating the Roth IRA, named for Senator William Roth who sponsored the legislation. We all know that Roth’s are wonderful! We wish all our money were in Roth IRA’s or (cash value life insurance) so it can grow […]

Read more...

3 Tips to be Financially Healthy in the New Year

(1) Establish a List of Goals.  As the year goes by significant events can impact your outlook on life and retirement. Unfortunately, these events sometimes force you to lose sight of your retirement goals. But, with the New Year comes new opportunity. Take a moment to think about what is really important to you; what experiences […]

Read more...

Get the Right Advice

Everyone knows that December starts the holiday season, but for movie fans, it’s also the start of awards season. A slew of great movies are coming to theaters near you, from the historical thriller Marshall to the crime satire Three Billboards Outside Ebbing Missouri. But few movies have gotten more press than Lady Bird, a coming-of-age story that’s now […]

Read more...

Quick Tips for Your Social Security Strategy

For your entire working life, FICA (Federal Insurance Contributions Act) has been taken money out of your paycheck to pay for Social Security, and Medicare and our goal is to make sure you receive the maximum benefit. We create strategies for our clients to help them take advantage of the Social Security benefits throughout their […]

Read more...

Tax Cuts & Jobs Act – Policy Highlights

Policy Highlights The Tax Cuts and Jobs Act (H.R. 1) overhauls America’s tax code to deliver historic tax relief for workers, families and job creators, and revitalize our nation’s economy. By lowering taxes across the board, eliminating costly special-interest tax breaks, and modernizing our international tax system, the Tax Cuts and Jobs Act will help […]

Read more...

Calculating the Pro-Rata

What is the pro-rata rule? The pro-rata rule is the formula used to determine how much of a distribution is taxable when the account owner holds both after-tax and pre-tax dollars in their IRA(s). For the purposes of the pro-rata rule, the IRS looks at all your SEP, SIMPLE, and Traditional IRAs as if they […]

Read more...

Celebrating an Important Holiday in Tax History

Your kids have finally finished eating their Halloween candy, which means that the real holidays are right around the corner. But before you sit down to open presents, December 16th marks the 244th anniversary of an important holiday in tax history – a pop-up costume ball in Boston Harbor called the Boston Tea Party. From 1698 through […]

Read more...

Quick Tips for Your Charitable Giving Strategy

Philanthropy is an important aspect in many people’s lives because there’s no better feeling than knowing you’re doing your part to help a great cause, and to help improve the lives of those less fortunate than you. And, giving your hard-earned retirement dollars to charity can be a highly tax-efficient use of your savings. But, […]

Read more...

What Type of Planner Are You?

For some people, the holidays are a time spent with family and friends at home. Others choose to spend their holiday on vacation…far from their family and everyday life. How do you plan for the holidays? Do you like to plan out every detail of your trip or event, down to the minute, or would […]

Read more...

My Journey Back to NYC

I’m back in NYC again this week for a quarterly American Tax Planning Institute (ATPI) conference. The ATPI is a small group of financial planners sharing planning ideas, and hearing from the best speakers in each industry. I love being in the city during the Holidays. People are cheery–there is a whole different mood–and of […]

Read more...