Traditional vs. Roth IRAs

Perhaps both traditional and Roth IRAs can play a part in your retirement plans. IRAs can be an important tool in your retirement savings belt, and whichever you choose to open could have a significant [...]

Retirement Plan Contribution Limits Increase for 2019

We have some exciting news to report for 2019 for those who are contributing to their retirement accounts!  The IRS recently announced increases to the annual contribution limits to various types of retirement plans for [...]

Tax Considerations for Retirees

Are you aware of them?      The federal government offers some major tax breaks for older Americans. Some of these perks deserve more publicity than they receive. If you are 65 or older, your [...]

Refrain from Tapping Your Retirement Funds

Resist the temptation. Your future self will thank you.   Retirement accounts are not bank accounts. Nor should they be treated as such. When retirement funds are drawn down, they impede the progress of retirement [...]

Understanding the Gift Tax

Most of us will never face taxes related to money or assets we give away.  “How can I avoid the federal gift tax?” If this question is on your mind, you aren’t alone. The good [...]