by Accent452023 | Sep 4, 2018 | Investment, Retirement Planning, Tax Central, Tax Planning
Article Highlights: Income Deferral Earnings Deferral Individual Retirement Accounts Retirement Accounts Bank Savings Short- and Long-Term Capital Gains Education Savings Accounts Health Savings Accounts When you are attempting to save money for your children’s future...
by Accent452023 | Aug 23, 2018 | Retirement Planning, Tax Planning, Tax Problems
Article Highlights: Selecting a Type of IRA Missing out on the Saver’s Credit Taking Distributions before Retirement Age Failure to Keep Designated Beneficiaries Current Overlooking the Spousal IRA Failing to Recognize Low Tax Distribution Opportunities Social...
by Accent452023 | Oct 24, 2017 | Retirement Planning, Taxes
Is socking away large sums in a tax-deferred retirement account ever a bad idea? It is when you exceed the annual IRS limits. And intentional or not, the penalties can be painful. Here’s how overfunding occurs and what steps to take to fix the problem. When do...
by Accent452023 | Aug 23, 2017 | Lifestyle, Retirement Planning
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 or IRAs. But be aware that HSAs have...
by Accent452023 | May 23, 2017 | Lifestyle, Retirement Planning, Taxes
Many people choose to work into their retirement years. If this is something you’re considering, here are some tips to make sure you get the greatest benefit from your efforts. 1) Consider delaying Social Security. You can start receiving Social Security retirement...
by Accent452023 | May 16, 2017 | Lifestyle, Retirement Planning, Taxes
You’ve spent years saving for retirement, but now it’s time to plan the best way to manage your retirement savings withdrawals. Here is a potential method to help maximize your funds using a tax-advantaged strategy. First, look at Social Security and...
