The Great Tax Escape: Using After-Tax 401k Contributions to Fund a Roth IRA

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Most employees who utilize a 401(k) plan to stash part of their salary away for the future are probably aware that there are limits on how much they can contribute. In 2017, that limit is $18,000 for those under age 50, and $24,000 for those age 50 and above.3 Of course, the primary motivation for most [...]

Three Important Factors To Consider before Accepting a New Job Offer


So you’ve just received a great new job offer with the company of your dreams? There is no denying it, this is a pretty great feeling, especially since it is probably the culmination of years of planning and hard work. So before you take the job or start to negotiate your salary and benefits, stop [...]

Worried About a Tax Audit?


As our clients know, we spend a lot of time talking about income taxes. No, we’re not masochists, we just know that for most people, and especially for retired folks, income tax planning is one of the best ways to keep more of your money. Consistent and thoughtful income tax planning done year after year [...]

Tis the Season to Make Smart Year-End Tax Moves


As wealth managers, we spend a lot of time helping clients keep more of what they earn, whether that be from their paycheck, a small (or not-so-small) business, or their investments. In the end, the important thing is that their net worth goes up, because that’s what is going to determine how much income their [...]

File Your Taxes For Free!*


It is hard to believe that yet another year has passed and we find ourselves in 2016, ready to file our taxes for the previous year. Whether you eagerly anticipate this time of the year because you will get a large refund, or dread this time of the year due to a large tax bill [...]

Time to Pick the Low Hanging Fruit


How We Do Year-End Tax Planning While the official tax day for 2015 is the fifteenth of April, 2016, most of the smart tax planning moves that could potentially save you thousands have to be done by year end. Once the W-2s, 1099s, and other tax forms are printed, it’s generally too late (with a [...]

Protect Yourself from Identity Theft (Part One)

Credit Freeze

Step One: Freeze Your Credit, and Help Leave Fraudsters Out in the Cold According to the Justice Department’s latest statistics, approximately 7% of U.S. adults can expect to experience some form of identity theft this year. That’s one in every 14 people. And according to the FTC it takes an average of about six months [...]

What Are You Doing with that Tax Refund?


Yes, I know, you probably already have plans for your tax refund. Maybe you’re already dreaming of that vacation or shopping spree. But what if I told you that you could both be responsible and save that money AND still splurge a little. Ok, so here’s what I mean. Let’s say that you just got your W-2 [...]

Is ‘Free File’ Really Free?


I came across an article recently in The Wall Street Journal by Laura Saunders discussing the limitations of the Federal program ‘Free File’, and my interest was piqued. I have long been an advocate for anything labeled ‘free’, and have taken some heat from friends in recent years for the number of hoops I am [...]

5 Tax Breaks Just Renewed by Congress

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In an article yesterday in the Wall Street Journal, Laura Saunders gave five important tax breaks that are being extended to 2014. These provisions had expired as of January 1, 2014, but it was widely expected that Congress would eventually choose to extend them, as they have for each of the last few years. As usual, Congress [...]