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How You Might Save on Taxes Just by Shifting Your Investments Around

July 5, 2021

A quick look at your tax return can reveal some easy ways to reduce your taxes this year. One is to reallocate your investment income to make it more tax-efficient. And it’s not as complicated as it sounds.

Eight Tips To Successfully Semi-Retire

July 29, 2019

Regardless of how you envision semi-retirement, here are some tips from experts for navigating the transition with ease by considering your health care plans, income sources and tax bracket. CLICK ON THE HEADLINE FOR MORE

19 Most Popular Tax Deductions For 2019

January 22, 2019

Although the Tax Cuts and Jobs Act limited itemized deductions and doubled the standard deduction, don't assume that the standard deduction works for you. Make sure to check all available deductions. CLICK ON THE HEADLINE FORE MORE

7 Personal Finance Tips To Help You In 2017

December 26, 2016

From making a financial plan to keeping yourself accountable for finances in the new year, CLICK ON THE HEADLINE FOR SOME TIPS TO HELP YOU

7 Money Lessons From Lottery Winners Who Lost Everything

January 18, 2016

Everyone can learn a little something from those hapless souls whose lives took a turn for the worse when their lottery dreams came true. CLICK ON THE HEADLINE FOR MORE

9 Insanely Simple Steps To Fix Your Finances This Year

January 12, 2015

If you really want your wallet and credit to be in better shape come 2016 there are nine simple tips to implement now. CLICK ON THE HEADLINE FOR MORE

Recent Posts

An Inherited IRA Can Boost Your Finances, But The New Finalized IRS Rules May Mean A Tax HeadacheSeptember 9, 2024 - 7:46 pm
According to new, finalized IRS rules, if you inherited a retirement account in the past several years, it’s likely you’ll have to take distributions and pay taxes on all that money within 10 years. Before the new rule, heirs could “stretch” IRA withdrawals over their lifetime, which reduced yearly taxes.
Six Ways A Bad Credit Score Might Derail Your Retirement PlansSeptember 2, 2024 - 5:23 pm
Preparing for a comfortable retirement goes far beyond contributing to a 401(k). You might encounter devastating surprises in retirement if you’re currently ignoring the personal finance metric of maintaing a good credit score.
There’s Still Time To Max Out 401(k) Contributions For 2024 — But Some Investors Shouldn’t, Experts SayAugust 26, 2024 - 6:43 pm
For 2024, employees can defer up to $23,000 into their 401(k) plans. Experts say, however, even if you can afford to max out your plan, there are three things to consider first.
New Inherited IRA Rules For Non-SpousesAugust 19, 2024 - 8:32 pm
As older generations are the biggest holders of retirement accounts, including the approximately $11.5 trillion held in IRAs today, a significant percentage of the assets is likely to be transferred through inheritance to non-spouse beneficiaries of all ages. Requirements for withdrawals from inherited IRA accounts can be complex so take time to understand the new rules, and consider consulting with a tax professional.
Average 401(k) Balance by Age In 2024: Benchmarking Your Retirement SavingsAugust 12, 2024 - 11:56 pm
A 401(k), 403(b), or other retirement plan is more than a savings account. Retirement savings plans are a wealth-building tool to ensure a comfortable, secure, and stress-free retirement. By understanding how age, income, and gender impact your retirement savings, you can make better-informed decisions that align with your demographic and investment goals.
Tax Policies South Florida Businesses Should Pay Attention To Ahead Of 2024 ElectionAugust 5, 2024 - 7:55 pm
Given Florida’s unique tax landscape, it’s essential for local businesses to grasp how federal-level changes can impact them. In fact, almost half of the tax leaders surveyed (44%) in BDO’s 2024 Tax Strategist Survey believe the election outcome will pose significant challenges to their business.
Money Moves To Make Before The Fed Starts Cutting Interest RatesJuly 29, 2024 - 9:45 pm
Traders expect a rate cut in September, which could lower the target range for the federal funds rate by a quarter percentage point or more. Meanwhile, many investors are sitting on hefty cash allocations, including trillions in money market funds, which are generally still paying above 5%. So now could be a good time to shift cash, experts say.
IRS Warns On Social Media Tax Credit ScamJuly 22, 2024 - 9:05 pm
In a just issued consumer alert, the IRS said bad advice is circulating on social media regarding an non-existent self-employment tax credit that is misleading taxpayers into filing false claims. In reality, the underlying credit being referred to on social media is a much more limited and technical tax credit for sick leave and family leave.