Individual Retirement Accounts (IRAs) offer tax-advantaged ways to save for retirement, but not all IRAs provide the same tax benefits. One specific type of IRA that often confuses...
Posted by Pat Raskob on 09/22/2023
Navigating the intricate landscape of tax credits is a fundamental aspect of strategic financial planning for businesses and individuals. Among the myriad tax incentives available,...
In personal finance, planning for the future is essential to securing a stable and comfortable life. A deferred compensation plan is one of the most powerful tools available to individuals...
Posted by Pat Raskob on 09/13/2023
An annuity is a customisable contract typically issued by an insurance entity which converts your premiums into a guaranteed fixed income stream. You can consider an annuity as a legal...
Posted by Taxes Made EZ Inc on 09/07/2023
Tax-free investments are a cornerstone of a well-rounded financial portfolio, allowing investors to grow their wealth while minimizing the impact of taxes. These investments provide...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 08/22/2023
Building wealth is a goal that many individuals aspire to achieve. While the journey to financial prosperity requires dedication, discipline, and smart decision-making, leveraging...
Posted by Rosovich & Associates, Inc. on 08/22/2023
In 2017, 49% of adults aged 55 to 66 had no retirement savings; this is according to the US Census Bureau. Since that time, various policies such as the Secure Act 2.0 have been used...
Posted by Pat Raskob on 07/29/2023
Taxpayers have two options for deducting costs associated with using a vehicle for business: either the standard mileage deduction or actual costs. This article analyzes the advantages...
Posted by Rosovich & Associates, Inc. on 07/29/2023
As the backbone of our agricultural industry, farmers play a crucial role in providing food and resources. Operating a farm involves various financial responsibilities, including taxes....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/02/2023