Tag Archives: traditional IRA

Roth or Regular Retirement Plan?

When most people think of retirement, they imagine copious amounts of free time and socializing with friends while playing golf or shuffleboard. But in reality there is so much more to think about before these dreams can come to fruition. … Continue reading

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Divorce or Separation May Affect Taxes

The following article was published by the IRS. Taxpayers who are divorcing or recently divorced need to consider the impact divorce or separation may have on their taxes. Alimony payments paid under a divorce or separation instrument are deductible by … Continue reading

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Early Withdrawals from Retirement Plans

The following article was published by the IRS. Many people find it necessary to take out money early from their IRA or retirement plan. Doing so, however, can trigger an additional tax on top of income tax taxpayers may have … Continue reading

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Other Steps To Consider Before the End of the Year

The following are some of the additional actions we should review before year end to see if they make sense in your situation. The focus should not be entirely on tax savings. These strategies should be adopted only if they … Continue reading

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Roth IRA, Traditional IRA, and 401(k) Plans

Hoping to start saving for retirement early on? By eating out a little less, you could save tens of thousands of dollars towards your retirement. Individual retirement accounts (IRAs) allow you to invest money in your future, and in some … Continue reading

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