Unlocking Your Financial Potential: The Benefits of Tax Planning Year-Round
When it comes to managing your finances, one of the most powerful tools at your disposal is proactive tax planning. While you might associate tax planning with the approach of tax season, the truth is that year-round tax planning can be a game-changer for your financial well-being. In this article, we’ll explore the benefits of adopting a year-round tax planning strategy, shedding light on how it can unlock your financial potential and contribute to your long-term success.
How One Overlooked Issue Can Sink Your Retirement
Imagine your retirement plan as a ship sailing toward a horizon of rest and relaxation. But what if one leak could sink it all? In today’s episode, we spotlight some of the single oversights that could send your dreams to the bottom.
6 Tips For Your End-of-Year Finances
Here are the six financial key points for people to be aware of before the end of the year to better position themselves. 1. RMDs — Required minimum distributions: If you are age 73 or older and have a “tax-deferred” retirement account like a 401K, Traditional IRA, TSP, 403B, or a 457 plan, you must take out a Required Minimum Distribution by the end of this year or you will be subject to a 25% IRS penalty on the amount that was missed. So, if you had a RMD of $20,000 and you missed taking it for 2023, you […]
Understanding RMDs: Guide For Retirees & The Soon-to-Retire
In today’s episode, we’ll explore the sensitive and significant process of transitioning from one financial advisor to another. We’ll cover how to recognize when your current advisor may no longer be serving your financial needs effectively, the righ…
