Helping Parents Plan for Retirement and Your Children's College Education

Smart Money Couples Don’t Wait for January

Marriage is about moving toward a common goal, so you better set some.  I strive to help clients grow together and with a happy retirement in mind.  My part is calculating the numbers and using that shoebox full of old statements to create a picture so informed decisions are possible.  The below are things you…
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November 30, 2018 0

No More Tax-Free Lunch

Business Owners, this is not a happy part of the Tax Cuts and Jobs Act changes. We have lost the Meals and Entertainment 50% deduction. But some meals remain a deduction (aka a write off). Taking a client or prospect out to lunch is no longer a 50% deduction.  No deduction for tickets you might…
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November 3, 2018 0

Increased Contribution Limits Announced

The IRS just announced increased contribution limits for IRAs and many retirement plans. IRAs now have a $6000 limit, 401(k) $19,000 on the employee side, and SEPs $56,000 limit. This is another win for investors and savers in a year where so many tax laws have changed. The new maximum contribution is the amount you…
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November 1, 2018 0

Tax Law Changes and the Backdoor Roth

Good News!  While the Tax Cuts and Jobs Act of 2017 reads as though the backdoor Roth is dead, never fear! A Roth IRA isn’t perfect for everyone, it certainly gives a unique opportunity to have assets that grow tax free and can be distributed in retirement tax free.  You forego a tax break in…
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October 1, 2018 0