There’s been an update to the original SECURE Act passed in 2019. The original SECURE Act governed how to contribute and withdraw from your IRAs and employer-sponsored retirement accounts.
The SECURE Act 2.0 passed at the end of 2022 and created many changes, especially those that affect employer-sponsored 401K accounts.
Of utmost importance are the requirements for new plans that…
Everyone always wants ways to lower their tax liability. It keeps more money in your pocket, making it easier to reach your financial goals.
But you might feel like you’ve minimized your taxes as much as possible with a 401K or IRA, charitable contributions, and itemized deductions, but there’s one more way – a Health Savings Account.
Tax season is here, but it looks a lot different than before. Not only have regulations changed, but there are certain steps you should take before you file your taxes that could save you money on your tax liability.
Here are the top 5 tips to help you make this tax season easier than ever before.
Did you take an early distribution from your retirement account in 2020? Many of my clients find themselves with an unexpected tax liability when financial hardship, and sometimes poor planning, force them to take an early distribution from their retirement plan. Normally, taxpayers who are under 59 ½ years of age must pay a 10% […]