When you leave a job, either to retire or to take a new job, and had participated in your company’s 401(k) retirement plan, you have multiple options available to you in regards to your 401(k) account. You could transfer your account into a new employer’s 401(k) plan, you could roll your account … [Read more...]
Dormant 401(k)
Reviewing Tax Returns While Retired
Reviewing tax returns can be a daunting task given the complexities of federal and state tax law and frequently changing rules. Monitoring your exposure to various taxes (e.g., ordinary income tax, capital gains tax, alternative minimum tax, net investment income tax, etc.), along with understanding … [Read more...]
Reviewing Tax Returns While Working
Reviewing tax returns can be a daunting task given the complexities of federal and state tax law and frequently changing rules. Monitoring your exposure to various taxes (e.g., ordinary income tax, capital gains tax, alternative minimum tax, net investment income tax, etc.), along with understanding … [Read more...]
Qualified Charitable Distributions
Charitably inclined individuals aged 70.5 or older may benefit from making Qualified Charitable Distributions (QCDs) directly from their traditional IRA. QCDs are a great tax planning tool, allowing individuals to support the charities they love in a tax efficient manner. One of the most beneficial … [Read more...]
Cash Flow Considerations
Reviewing your income and expenses is an essential and universal component of any comprehensive financial plan. It directly impacts the overall health and success of your financial strategy. It is important to review your overall cash flow when changes occur. The following are a few areas where … [Read more...]