May 2024

As a small-business owner, employing your children during the summer months can yield both tax advantages and additional non-tax benefits. By hiring your children, they can acquire valuable on-the-job experience, contribute to their college savings, and develop essential money management...Read More →

Tax planning extends beyond mere document organization, though meticulous record-keeping is undeniably foundational. It involves leveraging current tax legislation to optimize deductions and credits, thereby mitigating tax obligations. When executed strategically, tax planning becomes integral to overall financial management, facilitating...Read More →

When addressing the task of filing federal income taxes, an important approach involves thorough review and strategic planning. Your financial advisor is equipped to assist you in identifying opportunities for tax savings throughout the year. Collaborating with a tax professional...Read More →

So what is a Roth IRA, Anyway? A Roth IRA stands as a cornerstone of retirement planning, offering a distinct tax advantage to those preparing for their golden years. Unlike traditional IRAs, where contributions are tax-deductible, a Roth IRA operates...Read More →

Understanding the disparity between a money market account and a money market fund is essential for maximizing the potential returns on your cash reserves. While leaving a substantial sum of money in a checking or conventional savings account may seem...Read More →

A new study delves into the evolving landscape of retirement planning in the United States, shedding light on the widening gap between individuals’ perceived retirement needs and their actual savings.  The study, conducted by Northwestern Mutual, reveals a stark reality:...Read More →