Wishing you a very Merry Christmas and the best of the Holiday Season.
Read More...Individual retirement accounts can be important tools in retirement planning
It is never too early to begin planning for retirement. Individual retirement accounts provide tax incentives for people to make investments that can provide financial security when they retire. These accounts can be with a bank or other financial institution, a life insurance company, mutual fund or stockbroker. A traditional IRA is the most common…
Read More...LEARN FROM MY FINANCIAL MISTAKES: WHY HAVING A PLAN CAN HELP YOU RECOVER
A certified financial planner on the money mistakes she made early in her career and how she got on a better path. It seemed like a good idea at the time. I was a brand-new financial planner and I thought I had to look a certain way. The only problem was that I hated shopping,…
Read More...Planning to Retire in 2024? Take These Steps Before You Leave Your Job.
With only a few months to go before hitting that major life change, now is the time to get your plan ready to go. If you’re planning to retire in 2024, congratulations! You’re about to start on an incredible next stage in your life’s journey. To make the most of your available financial resources during…
Read More...Happy Thanksgiving
As we begin another holiday season, may your heart be filled with love and grace. Spend time with loved ones and friends and consider the blessings of the Lord in your life.
Read More...Tips to help taxpayers make sure their donations go to legitimate charities
When disaster strikes, Americans can always be counted on to help. That help comes in countless ways, but often the easiest way to help is by donating money to charities. Sadly, criminals are just as likely to answer the call after a disaster or emergency as the millions of people who open their wallets. Scammers…
Read More...Home Energy Audits May Qualify for an Energy Efficient Home Improvement Credit
Washington – The IRS issued Notice 2023-59 today regarding the requirements for home energy audits for taxpayers that want to claim the energy efficient home improvement credit. The Inflation Reduction Act of 2022 created several clean energy credits. Each of these credits has requirements for the type of clean energy property or service purchased and how they…
Read More...GIVE YOUR FINANCIAL DOCUMENTS A FALL CLEANUP
IMPORTANT PAPERS TO KEEP: A CHECKLIST IMPORTANT ORIGINALS YOU SOMETIMES NEED AND WHEN IT’S OKAY TO FINALLY SHRED THEM: Medical directive (after a new one is signed) Passports (after you have replaced them) Power of attorney (after a new one is signed) Real estate deeds (10 years after the property is sold) Stock/bond certificates (when sold)…
Read More...Interest rates increase for the fourth quarter 2023
WASHINGTON — The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning Oct.1, 2023. For individuals, the rate for overpayments and underpayments will be 8% per year, compounded daily. Here is a complete list of the new rates: 8% for overpayments (payments made in excess of the amount owed), 7%…
Read More...Educator Expense Deduction helps teachers cut classroom costs
Teachers often buy classroom supplies with their own money. The Educator Expense Deduction helps them get some of that money back. Eligible teachers and administrators can deduct part of the cost of technology, supplies and training from their taxes. They can claim this deduction only for expenses that weren’t reimbursed by their employer, a grant…
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