Matter of Tax Newsletter
March 5, 2024IMPORTANT 2024 DATES, UNVEILING TAX BREAKS FOR HOMEOWNERS & TAX YEAR 2024 AND 2025 ADJUSTMENTS The 2024 tax season is upon us, and it’s time to get prepared for filing your taxes. Whether you’re a seasoned taxpayer or a first-timer, …
Spring Has Sprung: Time to Refresh Your Retirement Plan
March 5, 2024Spring can be a fantastic time to refresh your retirement plan and savings habits. With 2024 bringing increased limits for 401(k)s, individual retirement accounts (IRAs), Health Savings Accounts (HSAs), and other tax-advantaged accounts, it’s worth taking a closer look at …
How High Earners Can Build a Strong Retirement with Their 401(k)
March 5, 2024Approximately 60 million workers contribute to a 401(k)-retirement plan. A 401(k) is a tax-advantaged retirement savings plan companies offer employees and is funded through elective salary deferrals. There are several benefits to having a 401(k), especially if you are a …
How to Navigate Credit Card Debt as a High Earner
March 5, 2024Credit card debt can be a daunting challenge for anyone, but it may also be burdensome for a specific demographic exhibited in the acronym HENRY – high earner, not rich yet. HENRYs, often characterized by high incomes, may experience excessive …
Prepping Early For Tax Day
February 5, 2024If you start assembling the necessary documents and information now, you’ll experience less stress and be in a far better position come April. Gather your tax documents and information Preparation is the key to keeping any tax-filing stressors at bay, …
Gen Xers: “Can I Afford to Retire on My Terms?”
February 5, 2024Financial education, planning, lifestyle adjustments and advice are crucial As Generation X, often referred to as the “forgotten generation,” inches closer to retirement, a unique set of challenges and concerns emerges. Born between 1965 and 1980, Gen Xers find themselves …
Sharing the Love: A Family Business Succession Plan Checklist
February 5, 2024Valentine’s Day represents love, but not just for couples. You can also spread the love through sharing your family business succession plan with the loved ones you hope will take over the reins of the company you spent your life …
Retirement Plan Limits for 2024
February 1, 2024Many IRA and retirement plan limits are indexed for inflation each year. Several of these key numbers have increased once again for 2024. How much can you save in an IRA? The maximum amount you can contribute to a traditional …
7 Tips for Near Retirees to Protect Their Financial Data
January 3, 2024While protecting your financial data has always been important, it grows even more critical as you start planning for retirement. From preserving your retirement savings to maintaining financial independence to avoiding stress, you want to keep all the assets you’ve …
5 Commonly Overlooked Tax Deductions
January 3, 2024When you own a business, you get to deduct business expenses from your business income. This general rule applies, subject to certain limitations, whether you are a sole proprietor with employees or a self-employed freelancer working in the gig economy. …
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