Category Archives: retirement

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

Single people need financial planning too

Whether you are a lifelong single person or you found yourself single through divorce or the death of your spouse, you have your own financial considerations and complications. Unfortunately, many single people overlook financial planning. Don’t make this costly mistake. … Continue reading

Posted in Affordable Care Act, Business Owner, Children, Employee Benefits, employees, Estate, Financial Planning, Investing, investment, IRA, retirement, save on taxes, saving for retirement, stock, Tax, tax advice, Uncategorized | Tagged , , , | Leave a comment

Don’t make an expensive mistake with your IRA

Simple mistakes on your IRA can cost you dearly. Perhaps you accidentally doubled up on your IRA contribution for 2016. Did you forget to take your required minimum distribution and then notice the oversight when you were gathering the information … Continue reading

Posted in Filing Taxes, IRA, retirement, save on taxes, saving for retirement, Tax, tax advice, Tax Fraud, Tax Return, taxes, Uncategorized | Tagged , , , , , , , | Leave a comment

Are Your Social Security Payments Taxable?

They may be. The IRS’s rules for taxing Social Security benefits could require some studying on your part. If you’ve received Social Security benefits for more than a year, you probably already know the answer to this question. But if … Continue reading

Posted in Filing Taxes, Funding for Medicare and Social Security, retirement, save on taxes, taxes, Uncategorized | Tagged , , , | Leave a comment

Complete these retirement plan steps before year-end

December 31 is the last day you can benefit from certain retirement tax breaks. For example, if you haven’t put the maximum amount allowed in your 401(k) – $18,000 in 2016 – increasing your contributions can save you money. If … Continue reading

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New relief for 60-day rollover errors

One of the pitfalls of receiving a distribution from your IRA with the intention of “rolling it over,” or depositing it into another IRA or retirement plan, is the 60-day rule. Under the rule, you’re required to complete the rollover … Continue reading

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Form 5500 due date is approaching

August 1, 2016 is the deadline for filing Form 5500 for retirement or employee benefit plans on a calendar year. (The usual due date of July 31, 2016, is a Sunday.) There are two updates to be aware of. First, … Continue reading

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