Tip Category: Planning At the end of each year there are a number of things to consider that may have a positive impact on your tax obligation. Here is a list of fifteen ideas that may be worth a quick review. 1. Make last minute charitable donations. Pay attention to your itemized deduction limit to ensure your deduction …
Tag: retirement-planning
Roth versus Traditional IRA: Which is Better?
Tip Category: Planning For most taxpayers, you have until April 15th of the following year to contribute up to $7,000 ($8,000 if age 50 or over) into a Traditional IRA or a Roth IRA. Is an IRA an option worth considering for you? If so, which is better? Traditional IRA A Traditional IRA is an individual …
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Tax Tips to Aid in Retiring Early
Thinking about retiring early? Here are things to consider. Tip Category: Retirement Wouldn’t it be nice to check out of the workforce early and not need to worry about having enough money for retirement? While good financial planning can help you get there, leveraging the tax code as part of your retirement plan is also a …
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