Author: Stephanie Bacak

Helping you Live with Peace and Retire on Time

Why You Spend Too Much

from being in control and owning his possessions, to his possessions ruling him…

March 1, 2019 7

How to Best Use Your 529 when Paying for College

If you have accumulated fund in your child’s 529, congratulations! You are probably a member of the elusive Savers who plan ahead and hate debt. A savers’ immediate instinct is to use all the designated savings upfront, while the best scenario looks at all options. The first step is weighing the college choice into the cost,…
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January 16, 2019 0

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 7

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 Entertainment 50% deduction. But for now meals remain a deduction (aka a write off). Taking a client or prospect out to lunch has been ruled a 50% deduction but we almost lost that too.  No…
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November 3, 2018 2

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

Think You Can’t Have a 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