Tax season is officially upon us, and the April 15 deadline is swiftly approaching. If you’re a tax procrastinator, it’s time to buck up and get down to business / get to work. Rest assured you won’t be alone. One in seven Americans wait to file taxes until the week leading up to the deadline. […]
IRA
This is How Retirement Contribution Limits Are Changing for 2019
The Treasury Department announced that retirement plan contribution limits are increasing in 2019 due to inflation. Get ready to save. The maximum pre-tax contribution limit for an Individual Retirement Account (IRA) is increasing for the first time since 2013: from $5,500 to $6,000. The extra $500 annual investment will compound over time, making this increase […]
How To Handle An Inherited IRA
When a loved one dies, one of the last things on your mind is their IRA you’ve inherited, but as the beneficiary you’ll eventually have to decide how to handle it. The IRS rules for distribution of inherited IRA funds are different depending on several circumstances. Here’s what you need to know. Spousal Beneficiary A […]
2018 Smart Money Strategies – Part 1
The start of a new year is all about resolutions right? Whether your resolution is to workout more, eat better, clear up your busy calendar or clean up your finances, many use the new year as an opportunity to hit the refresh button on their life. Studies have shown that financial resolutions can be highly […]
5 Tax Filing Mistakes to Avoid
Taxes are usually a blip on the radar each spring for most taxpayers, but many cannot expect to have taxes taken out by their employer and call it a day. There are a variety of different life scenarios that may affect your tax bill and deductions, and the end of the year is the perfect […]
