This is a very timely article by the WSJ about how people are using their retirement plans to provide liquid funds to pay billsuntil the economy recovers. There are tax smart ways to access dollars in your plan. Read the full...
WITH STOCK MARKETS TUMBLING, RESIDENTS INCREASINGLY WORRIED OVER 401(K) AND RETIREMENT PLANS ANCHOR HUEL PERKINS: Many of us who invest in the stock market are feeling a little bit rattled right now. ANCHOR MONICA GAYLE: But is there a real reason to be...
Tax Planning & Preparation
Minimize both your current and future tax liabilities.
We use the term “Tax Planning” often, but we are aware that many people are not sure what it really is. Some people think “That means off shore accounts and citizenship shell games ending with jail time. No thank you!”. That is not tax planning, that’s tax evasion, and it’s not at all what we […]
It’s human nature, of course. We complain about our weight in the line at the ice-cream stand. We complain about being tired, then stay up late playing the latest game on our smart devices. Humans are funny and contradictory animals. Have you ever noticed that when you’re in a conversation, people are quick to complain […]
Summer is a popular time for people planning a move to put their home on the market. It happens all year long of course, but the “hot season” is May-September. There are many reasons. School is out and if you have kids of that age it’s easier to change schools between grades. Often, it’s when […]
For the self-employed, home office deductions can be connected to the Schedule C that they include on their 1040, which reports income and expenses for the business. The home office deduction can be taken with two different calculation options. One is more complex to calculate and one simplified option is based only on the square […]
It’s July but the big fireworks are a victim of COVID-19. Although true, small local and personal fireworks will likely be everywhere as people adapt. That fireworks habit is ingrained in us so the fun will find a way. Another behavior or habit that’s ingrained into people is spending more time on “staycation” vacation plans than […]
Find Out How!
Withdraw up to $100,000 penalty free from your retirement plan for a limited time.