A common question from our clients who are approaching retirement age is whether we should consider adjusting their asset allocation given this big life event. Suddenly, they will no longer be contributing to their accounts and will instead be taking money out of your retirement savings!
A common question we get from clients, family, and friends is: Why did I end up owing money when I filed my taxes this year? It’s not surprising- no one likes to see a big payment due come April 15!
This blog will talk about what financial documents you should back up to ensure your financial safety.
Getting an early start helping your grandkids pay for college is a smart approach. Most of us are very aware of how much college costs have been increasing in recent history. In fact, if you compare college costs from 1980 to 2020, the price to attend a four-year college full-time increased a whopping 180%! Starting some early savings for your grandchildren can allow you to take advantage of tax favorable investment options and compounding interest.
This blog will provide tips to help people understand what documents they should keep and what documents they should shred.
Over the last several years you may have noticed that despite diligently organizing all your charitable donation activity and providing it to your tax preparer, the amount of your tax deduction simply doesn’t change. This can be a confusing and frustrating experience given that in the past this process likely led to a larger tax deduction. So, what is going on and is your tax preparer missing something?