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!
Each year around this time, I get calls from clients looking for ways to save on taxes. Here are 5 tips that could help reduce that burden in April: Maximize your 401(k) contributions. If you are a participant in a traditional employer-sponsored defined contribution plan, the 2018 contribution limit for a 401(k) is $18,500, with an additional $6,000 catch-up allowed for … [Read more...] about 5 Year End Tax Tips
Preparing for the future is one of those things everyone should do — but have you constructed a plan. Aretha Franklin, Prince, Jimmy Hendrix...assets in the Hundreds of Millions, yet no will, and their families are/were left to go through the courts to figure out how their assets can be distributed. The Queen of Soul's family is just beginning the process, and it took the … [Read more...] about Do you have a will? You’re not alone.
Friday tips...9 questions you may want to ask yourself that may help improve your odds of investment success in the long run. 1. What sort of competition do I face as an investor? The market is an effective, information-processing machine. Millions of market participants buy and sell securities every day and the real-time information they bring helps set … [Read more...] about Long-term Investors – Ask Yourself These Questions…
TAKE THE RETIREMENT INCOME PLANNING QUIZ HERE Dealing with clients and prospective clients each week: one of the most asked questions we get is “How do I generate income in retirement from my savings?” The reason we get this question is that previous generations lived differently when it came to planning for retirement. They worked for 30 years before … [Read more...] about Can you Pass the Retirement Income Quiz?