Jun 1, 2017 | financial planning, taxes
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...
Nov 1, 2016 | financial planning, tax deduction, taxable income, taxes, Uncategorized
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...
Sep 14, 2015 | nonprofits, tax deduction, taxable income, taxes
We all enjoy hobbies OR, at least, I hope you have a an interest that you can pursue that makes your life bearable. Maybe I should use the term “makes your life interesting”. Hobbies are activities that you do for pleasure NOT for profit. Hobbies...
Jul 2, 2015 | taxes, Uncategorized
Identity theft is a new problem for all of us in today’s world on a daily basis. It DOES NOT occur ONLY during tax season. Your social security number can be used through-out the year. Many times, you may not be aware that someone has stolen your identity...
May 26, 2014 | financial planning, taxes
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...
Jun 19, 2013 | financial planning, taxes, Uncategorized
Think of a Roth IRA as a long-term savings/investment account that you can add to annually or withdraw from when needed. There is no penalty or tax when withdrawing your contributions. The funds you earn on this account are tax free if the account is open for...
