Archive for financial planning – Page 3

529 COLLEGE SAVINGS PROGRAM CHANGES

| August 23, 2017 | 0 Comments

If there a college student or perhaps several college students in your future an upcoming change in the Ohio program may be of interest. Anyone can benefit from contributing to this program as long as you have a beneficiary listed when setting up the account. There is no annual contribution limit for the program, however, […]

HOW TO PRESERVE YOUR RETIREMENT FUNDS

| June 1, 2017 | 0 Comments

Required Minimum Distributions are meant to reduce your funds in a timely manner and to fulfill your obligation of paying taxes on your deferred investment. Good planning and healthy stock market returns can leave you with a substantial balance in your account for years to come and still meet your distribution requirement. This year is […]

FINANCIAL WINDFALLS

| November 1, 2016 | 0 Comments

During the year you may have been the recipient of unexpected funds (money!!!).  Some are from a good fortune; others are from an unfortunate incident. If you have been involved in one of these situations there are tax consequences to consider.  Some are short term (in the current year); others will impact you long term. […]

FINANCIAL RECORDS YOU SHOULD KEEP AND FOR HOW LONG

| May 26, 2014 | 0 Comments

Summer is the time that most of us clean out our closets and all that paper that has accumulated over the years.  Many have called to ask “How Long Do I Need To Keep My Tax Records?”  Unfortunately, there is no ONE answer to this question. The main reason we keep our tax records (returns […]