Category Archives: Estate

Is your HSA a retirement tool? The good, the bad, and the ugly

Health Savings Accounts (HSAs) are a great way to pay for medical expenses, and since unused funds roll over from year to year, the account can also provide a source of retirement funds in addition to other plans like 401(k)s … Continue reading

Posted in 401 k, Affordable Care Act, Business Owner, Employee Benefits, Estate, Financial Planning, health insurance, Investing, retirement, saving for retirement, tax planning, Uncategorized | Tagged , , | Leave a comment

Parents need to do estate planning

For a parent, estate planning is especially important. The first priority is to make sure your children are protected in the event that something happens to you. Your estate plan should appoint guardians for your minor children, as well as … Continue reading

Posted in 401 k, 529 plan, Business Owner, College Savings, education, Estate, Financial Planning, tax planning, Uncategorized | Tagged , , , | Leave a comment

Give to cut taxes

If you are in a position to give, making annual gifts can be an excellent strategy for reducing both your estate and income tax liability. Doing your gift-giving during midyear rather than late in the year is especially smart if … Continue reading

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What if you have a casualty gain?

You may be able to claim a deduction on your current or prior-year federal income tax return for casualty losses from sudden, unexpected, and unusual events, such as tornadoes, hurricanes, and certain straight-line winds. But what if you have a … Continue reading

Posted in Amended Tax Return, deductions, Estate, Filing Taxes, real estate, tax planning, Tax Return, Uncategorized | Tagged , , , | Leave a comment

New job? Four choices for your existing 401(k)

Changing jobs and companies can be an exciting opportunity, but you have a choice to make. What will you do with the retirement savings you have accrued in your 401(k)? Consider these four choices: Withdraw the money and don’t reinvest … Continue reading

Posted in 401 k, Employee Benefits, employees, Estate, Filing Taxes, Financial Planning, invest, Investing, investment, IRA, IRS Articles, Tax, tax bill, tax planning, Tax Return, taxes, Uncategorized | Tagged , , , | Leave a comment

Check your credit score

If you haven’t checked your credit report lately, this may be the time. Wrong or old information on your report can affect your credit score – and not in a good way. Your credit score helps lenders determine your credit-worthiness … Continue reading

Posted in Business, Business Owner, customer, Estate, Fraud, Penalty, Tax, tax advice, tax bill, Tax Fraud, Tax Return, taxes, Uncategorized | Tagged , , , , | Leave a comment