Did you know that a Roth individual retirement account (IRA) can be more than a source of retirement income for you? If you have sufficient retirement funds and are looking for a way to leave your heirs a tax-advantaged financial legacy, a Roth IRA may be an option to consider. Traditional to Roth If you […]
Can’t Pay Your Income Taxes? Some Solutions
Did you skip filing or request an extension on your 2021 taxes because you couldn’t pay? You have several options. It’s happened to many people at one time or another. You wait until the last minute to prepare and file your income taxes, only to receive a very unpleasant surprise: You owe money, and you […]
5 QuickBooks Online Add-On Apps You May Need to Add
Not finding quite everything you need in QuickBooks Online? Here are some handy add-on apps available. QuickBooks Online may work for you just fine as is. After all, it was designed to meet the needs of the millions of small businesses that want to manage and track their income and expenses, create records and transactions, […]
Avoiding Capital Gains Taxes with a 1031 Exchange
Savvy investors can build wealth by deferring capital gains taxes via a 1031 exchange. Learn how it works and how it can help you as a real estate investor. For the in-depth information required to execute a 1031 exchange, a qualified intermediary is necessary. What is a 1031 Exchange? A 1031 exchange allows real estate […]
Tax Advantages of a Health Savings Accounnt
Health savings accounts (HSAs) have been around for nearly two decades, but many people are unfamiliar with them and the benefits they offer. This article is an overview of how they work, who is eligible for them, and what tax advantages they provide. An HSA is essentially an interest-bearing, medical savings account that you can […]
Estate Planning – More Than Taxes
Mention the term “estate planning” and many people think of controlling taxes. Yet minimizing potential estate taxes is only one component of planning your estate. The full value of estate planning extends well beyond tax considerations. Disability Protection It’s a sobering fact: More than one in four 20-year-olds become disabled before reaching retirement age.1 And […]