Tax Planning
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How Many Roth IRAs Can I Have?
There’s no limit to the number of Roth IRA accounts you can have, but your contributions must stay within the annual limit across all accounts.
The Power of 403(b) Plans: Building a Secure Retirement
A 403(b) plan is a retirement plan offered by public schools and certain tax-exemt charities. In general terms, it is a school teachers 401(k).
What is the 59 1/2 Rule? Understanding IRA Withdrawals
The 59 1/2 rule applies a 10% penalty tax to withdrawals from an IRA or annuity before age 59 1/2.
States that Don’t Tax Retirement Income
There are 12 states that don’t tax retirement income at all. In 2023, 37 states don’t tax social security benefits and 14 states that don’t tax pensions.
What is an IRA Annuity? | Annuities vs. IRAs
An IRA Annuity is a conservative investment that allows you to grow your retirement nest egg in a safe and secure way while providing tax deferral.
Understanding the SECURE 2.0 Act of 2022: A Comprehensive Guide
Summary of SECURE 2.0 Act Changes You Want to Know As we begin 2023, the SECURE 2.0 Act is set to become one of the most talked-about legislative measures affecting
Charitable Gift Annuities – The Definitive Guide in 2023
A Charitable gift annuity (CGA) is a contractual agreement between a donor and a charity in which the donor makes a single gift to the charity in exchange for guaranteed lifetime payments.
JourneyGuide Retirement Planning Calculator
Journey Guide: A Holistic Retirement Planning Calculator If our Retirement Planning Calculator was a car the JourneyGuide would be a Porsche 911 GT2. Most financial planners and retirement planning calculators
What is my Social Security Full Retirement Age?
What is my Full Retirement Age? To begin planning your Social Security withdrawal strategy you will need to know your Full Retirement Age (FRA). “Full retirement age” used to be
How Much Life Insurance Do I Need?
How Much Life Insurance Do I Need Estimator There is no way to determine exactly just how much life insurance you need but there are a few different ways to
Premium Finance Insurance | 5 Keys to Make it Work
Understanding Premium Finance Insurance Regardless of what you may have heard or think about premium finance insurance, it doesn’t have to be complicated and scary. The basic mechanics are actually
Citibank CD Rates Review December 2023
Citibank CD Rates Reviewed In this guide, we’ll review Citibank CD rates and compare them to the best CD rates, savings accounts, money market, and annuity rates offered by the
C-Corp Business Owners: Maximize Retained Earnings
If you are a C-Corporation business owner and would like to better utilize your retained earnings this guide is for you. The type of investors and/ or business owners who
IRS Extends Tax Deadline to May 17, 2021
Tax Deadline extended from April 15, 2021, to May 17, 2021
10 Year-End Tax Planning Tips
10 Tax Planning Tips to Help You Wrap Up 2020 As we get closer to year-end, many people are concerned about taxes and the possibility of having to pay higher
2021 RMD Requirements: Questions & Answers
Questions and Answers for common 2021 RMD Requirements and Annuity Fair Market Value Letters.