Category Archives: Financial Planning

Don’t assume it’s correct, just because it’s the IRS

Quotes from actual IRS correspondence received by clients: “Our records show we received a 1040X…for the tax year listed above. We’re sorry but we cannot find it.” “Our records show you owe a balance due of $0.00. If we do … Continue reading

Posted in audit, Filing Taxes, Financial Planning, IRS Articles, Penalty, record keeping, Tax, tax advice, tax bill, Tax Return, taxes, 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

How much do you need to retire?

Most Americans simply don’t save enough for retirement. Nearly half (45 percent) of working-age households don’t have any retirement assets, according to the National Institute on Retirement Security. Of those working-age households close to retirement (age 55 and older) nearly … Continue reading

Posted in 401 k, Financial Planning, health insurance, invest, Investing, investment, IRA, save on taxes, saving for retirement, tax planning, Uncategorized | Tagged , , | Leave a comment

Cosigning a loan can hurt financially and emotionally

Cosigning a loan for a friend or family member may seem like a good way to help your loved one establish credit or get back on track financially. But be sure to use your head as well as your heart … Continue reading

Posted in Children, education, Filing Taxes, Financial Planning, Gift, Tax, tax advice, tax planning, Tax Return, Uncategorized | Tagged , | Leave a comment

College or retirement – Which should you fund first?

Saving for your children’s education or your own retirement – how do you decide which is more important? A typical retirement will generally last longer and cost more than your child’s education. If you cannot adequately fund both, maximize your … Continue reading

Posted in 529 plan, College Savings, Financial Planning, Uncategorized | Tagged , , | Leave a comment

Don’t underestimate the power of curb appeal

If you want to improve your home’s market value, curb appeal matters. The condition of your front yard, entry area, driveway, and sidewalks will color the impression of everything else a potential buyer sees during a visit. Homes with great … Continue reading

Posted in 1099, Amended Tax Return, deductions, Estate, Filing Taxes, Financial Planning, IRS Articles, real estate, retirement, save money, save on taxes, saving for retirement, saving money, Tax, Tax Return, Uncategorized | Tagged , , | Leave a comment