Retirement
Coming Soon: Greater Tax-wise Retirement Options
Retired employees often start taking benefits by age 65 and, under the minimum distribution rules, must begin taking distributions from their retirement plans when they reach age 70 ½. According to Treasury, a 65-year old female has an even chance of living past age 86, while a 65-year old male has an even chance of… read more
Entrepreneur? Planning Your Nest Egg Just Got Easier
Entrepreneurs know how hard it can be to save money for retirement and build a successful business at the same time. In the past, a 401(k) may not have been a viable option, but recently a “solo” 401(k) has created an opportunity for businesses with one or two (married) employees to have their cake and,… read more
Inflation Adjustments May Generate Tax Savings in 2012
The IRS recently announced that inflation is increasing many dollar amounts in the Tax Code for 2012. For taxpayers, the inflation adjustments may help reduce their overall tax liability in 2012. Inflation adjustments Many provisions in the Tax Code are required to be adjusted annually for inflation. These include various deductions, exemptions and exclusion amounts. … read more
Planning your Retirement – Reading List
If you’re a small business owner, someone who’s approaching retirement age, an entrepreneur with a new business start-up, or a family of four with kids getting ready to leave for college, retirement is something we all have in common. No matter your age, or where you are in life, planning for retirement is something that… read more
It’s Your Retirement. Are You in the Driver’s Seat?
If you’re like many Americans, your retirement may be on autopilot. This may have been okay in decades past when people could rely on employer funded pension plans and Social Security. It may even have been fine when the economy was robust. These days, however, the traditional pension plan is becoming an endangered species and… read more
