October 22, 2015
The Most Important Factors In Keeping Retirement Savings Safe
Don’t be so quick to simply accept what a financial advisor offers for your retirement – that’s the takeaway from multiple red flags since the 2008-09 economic crisis.
October 21, 2015
IRS Says 401(k) Limit to Stay $18k for 2016, Announces 2016 Pension Plan Limitations
Cost of living adjustments affecting dollar limits for pension plans and other retirement-related items will not change for tax year 2016, the Internal Revenue Service has announced. In general, the pension plan limitations will not change for 2016 ...
October 20, 2015
Retirement and Healthcare Costs Top List of Financial Fears
Money talk can be so scary that 59 percent of Americans would rather discuss "the birds and the bees" with a stranger than their personal financial situation (39 percent). This is especially true of women, as 63 percent share this preference compared ...
October 14, 2015
Thinking of Expanding Your Payroll Business? Consider Offering Benefits Administration Services
As you start evaluating your clients and current service offerings, consider ways you can provide additional services to clients, starting with existing clients.
October 14, 2015
How to Shield a Retirement Portfolio from Hitting Rock Bottom
Jittery investors saw the volatile market play havoc with investment portfolios. But while the ups and downs may have created anguish for some, financial planner Bryan S. Slovon says he fielded few if any calls from nervous clients.
October 14, 2015
How to Convert “Just Enough” to a Roth IRA
Generally, contributions to a traditional IRA may be wholly or partially tax-deductible, especially in the earlier part of your career, but distributions are taxed at ordinary income rates reaching up to 39.6 percent. In addition, you must begin ...
October 8, 2015
Why Florida Leads Nation in ID Theft Income Tax Refund Fraud: IRS Cracking Down
Florida has been in the news a lot recently, and probably not for reasons that promoters of the Sunshine State would prefer. The spotlight is because hundreds of people have been arrested over the past year for identity theft crimes that involved filing bogus income tax returns for thousands of taxpayers, and then having the…
October 8, 2015
IRA Tax Strategies for Dealing with an Unpredictable Market
The stock market's drop in recent months has no immediate tax effect on the moneys of pre-retirement-age taxpayers whose traditional or Roth IRAs are invested in stocks and mutual funds. That's because neither losses nor gains are recognized within ...
October 5, 2015
4 Tips for Baby Boomer Retirement Planning
Most people have some kind of lifestyle vision for retirement. Unfortunately, without proper planning their dreams won’t always become a reality as they enter the encore time of their lives, says Michael Bivona, a CPA who retired almost 20 years ago.
September 23, 2015
5 Overlooked Variables in Retirement Planning
It wasn’t long ago that most Americans had a secure three-legged stool on which to rest their retirement concerns – a well-funded Social Security system, substantial corporate pensions with retiree health benefits and, ideally, a strong personal ...
September 18, 2015
The Basic Dynamics of Retirement Planning
Chance is a big proponent of testing a retirement plan to make sure it’s sound. To do it right, though, means being thorough, he says. Often, testing is based on just projected income, but that doesn’t go far enough because it doesn’t take into ...
September 15, 2015
Avalara Gives Exclusive Benefits Program to QuickBooks ProAdvisors
The Avalara Sales Tax Compliance App provides an automated sales tax calculation and return filings compliance solution within the familiar QBO interface. It’s cloud-based and always up to date, ensuring that sales tax rate, rule and boundary ...