The QCD was first introduced in the Pension Protection Act of 2006. It was repeatedly extended, sometimes retroactively, until it became permanent as part of the Consolidated Appropriations Act of 2016.
Whether you have been a self-employed professional for years, or you’ve recently become self-employed, the success of your business is in your hands. You need to take advantage of whatever assistance is available, and this includes lowering your tax bill.
With two months remaining in 2020, there is still time to take advantage of several changes to charitable giving rules.
Did your paycheck increase in January? If you were like most people, due to the late passing of the Tax Cuts and Jobs Act (“TCJA”), it took until your second payroll of the year for your withholding to be adjusted for the new lower personal income tax rates.
As millions of Americans rush to their accountants for help preparing and filing taxes, remember that nothing you do in January and February of the new year counts.
When you’ve got financial questions, the internet probably has some answers. Your friends and family may also offer advice. But is any of that advice right for you and your situation?
There has been a lot of discussion lately about why you should convert your traditional retirement assets into a Roth IRA. And there are some very valid reasons, for some people. But it is not necessarily good advice for everyone. Let’s help YOU answer the question, “When Does a Roth Conversion Make Sense?”
It’s no secret that we are currently feeling the effects of inflation as we buy groceries and fill our gas tanks. But the recent announcement that inflation has increased 6.8% since last November got me thinking. That’s the largest 12-month increase in almost forty years. While someone 60 years of age or older may recall what that time was like, a younger person may have concerns about how inflation affects their financial plan. Here are some things to consider.
Did you look at the title, Medicare IRMAA Surcharges, and think, “I’m not 65, this doesn’t apply to me.” Oh, but it does. Let me explain.
Thanksgiving Day is almost here! This is the time of year that many people think back on events and give thanks for their blessings. Since it’s a great way to maintain your perspective about life’s ups and downs both personally and professionally, I’ve practiced this for years. Some of my blessings are personal, but there are professional blessings as well. And since I’m often asked why I became a financial advisor, I want to share how my profession makes my blessing list.
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