Roth or Traditional IRA

You know you need to save for retirement but choosing between a Traditional IRA and a Roth IRA can be confusing. Neither option is a perfect solution for every investor. Deciding which one is right for you depends on your age, income, assets and personal preferences. Ultimately, you need to determine if it is financially [...]

September 25th, 2017|Newsletter|

Calculating Capital Gains Tax: The Basics of Basis

You might be surprised to learn that the capital gains tax does not only apply to profits from the sale of stocks and bonds or real estate. If you’ve sold a personal asset like a car, a boat or a big screen tv this year, you will most likely owe a capital gains tax on [...]

August 22nd, 2017|Newsletter|

Update Your Homeowner’s Insurance Policy

Many homeowners don’t think of updating their insurance policy as a regularly scheduled home maintenance task. They often purchase a policy when they first buy their home and don’t think about it much after that. But just like cleaning out the gutters and changing the batteries in the smoke detectors, reviewing your homeowner’s insurance policy [...]

July 20th, 2017|Newsletter|

Create Your Own Household Budget!

Do you have a monthly budget?  Creating a monthly household budget is a critical step in ensuring your financial success.  Understanding how much money you make and all your expenditures (both fixed and variable) can help you make informed financial decisions.  Whether you know you are doing well or vice versa, a budget can greatly [...]

June 19th, 2017|Newsletter|

Your Digital Footprint – Estate Planning

People generally think of estate planning from a financial aspect.  While the financial aspect is perhaps the most important, individuals should also look at their digital assets.  What happens to your Facebook, LinkedIn, online bank accounts, etc. when you die?  Do you have someone that you designated to take care of these accounts when you [...]

May 31st, 2017|Newsletter|

Understanding Retirement Plan Distributions

Learn when and how to receive distributions. The tax consequences of taking distributions from your retirement plan can be complex.  Certain distributions can trigger taxable events that could have a major impact on your return. Typically, individuals with traditional IRA and / or 401(k) accounts can make distributions at the age of 59½ without an [...]

April 19th, 2017|Newsletter|

The Complexities of IRA Rollovers

There are several rules that govern IRA owners when it comes to rollovers. In this article, we will talk about the caveats of rollovers and how they may impact you. The 60-Day Rollover The IRS requires individuals to rollover their IRA distribution within 60 days from the date it is received. There are certain circumstances [...]

February 21st, 2017|Newsletter|