Insights
What tax deductions and credits are available?
Tax write-offs, or more commonly described as tax deductions, will lower your taxable income. By subtracting the deductible expenses, you decrease your taxable income and thus reduce your tax liability. Generally, the two ways to claim your ... Read more.
How do I prepare for health care costs in retirement and what portion will Medicare cover?
Budgeting for health care during retirement depends largely on your age and overall health. However, it is important to plan ahead as the cost of health care will likely increase as you age. According to the U.S. Bureau ... Read more.
Investing in your health to fully enjoy your wealth later in life
My path to living healthier began almost 20 years ago when my father passed away at age 63 and my mother was diagnosed with stage IV breast cancer two days prior to his death (she passed four years later). ... Read more.
How can I maximize my tax savings when donating to charity?
There are several ways that you can reduce your taxes when contributing to qualified charitable organizations, so long as you are able to itemize your tax deductions. Establish a Donor-Advised Fund – Tax law changes may have ... Read more.
Should I merge my small business?
As a small business owner there will likely come a point that involves taking your business to the next level and whether a merger or possibly even an acquisition may help you achieve your goals. With mergers ... Read more.
What should I do with my prior employer’s retirement savings?
Depending upon your situation, there could be up to five available options for managing a prior employer’s retirement plan: Maintain your previous employer’s plan. Rollover to new employer’s plan. Rollover to a self-managed traditional or Roth IRA. ... Read more.
