I sat down with a client last week, who is self-employed and facing a hefty tax bill for last year. I realized at that meeting that most of the self-employed are painfully unaware of the HUGE tax savings options they have. If you're self-employed, you have an option for significant retirement savings that is UNDER-UTILIZED, yet so extremely simple. Experts estimate that … [Read more...] about Self Employed? Save on Taxes for Last Year before April 15!
Tax season is upon us! Here are some things to consider over the next 2 months... You can contribute to tax-advantaged retirement accounts until tax day...for the prior year! Significant tax advantages to be had here! You can contribute to your retirement account for the prior tax year until taxes are due for that year. So you can take a deduction on your 2018 tax return … [Read more...] about Tips for Tax Season!
3 articles about topics all investors NEED to know... Save for Retirement EVEN IF You Don't Have a 401(k) Every working American can save for retirement. Just because your company doesn't offer a 401(k), doesn't mean you're out of luck. If you've never heard of SIMPLE, SEP, Roth or Traditional IRA's, we'd be very happy to fill you in! How to Avoid Outliving Your … [Read more...] about Simple Reads: No 401(k)?, Retirement Spending & LTC
John Oliver did a segment on Last Week Tonight that both pokes fun at and explains the retirement savings industry in America. We know that saving for retirement is difficult for some, and recent data has shown that 2/3 of Americans aren't contributing to their 401(k)'s! Great breakdown on actively managed funds and the long-time difficulty active managers have had … [Read more...] about John Oliver on Retirement Savings
I recently read an article by Carrie Schwab-Pomerantz, the daughter of legendary businessman Charles Schwab. The article addressed the question: “What do I do if I got a late start on retirement savings?” It reminded me of a meeting I had last week… While meeting with a 50 yr. old prospective client who had recently closed down his business, we began discussing a … [Read more...] about Need to Put Retirement Savings on the Fast Track?